Sterling to raise cost of hotels for British tourists

Kasmira Jefford
Follow Kasmira
THE COST of spending the night in a hotel rose in over half of the world’s destinations last year and is set to get more expensive for UK travellers as the pound weakens against the euro and the US dollar, research published today shows.

The Hotels Price Index (HPI), a survey by online accommodation provider, revealed that the average price paid by British holidaygoers for a double room worldwide increased by three per cent last year compared with 2011.

The report warned that the fall in sterling could cause the cost of holidays to rise further this year. The pound has sunk to $1.51 from around $1.63 at the start of 2013.

Of the 116 global cities included in the report, 63 destinations saw a hike in hotel prices last year.

The biggest riser was Sharm el-Sheikh, where prices rose by 34 per cent to £92 as travellers’ confidence in the Middle East returned in the wake of the Arab Spring uprisings during 2011.

Hotel prices in Japan also soared during the past 12 months as the country recovered from the impact of the earthquake and tsunami that battered the nation in March 2011.

Monte Carlo remained the priciest destination, where the average room cost rose six per cent to £200.

But the ongoing economic turbulence in Europe meant there were some bargains for UK tourists. Athens saw the biggest drop, with prices paid down by 10 per cent to £72, as visitors were put off by anti-austerity protests across Greece.