London hotel rates are now the second most expensive in Europe, according to new research.
The figures from the Hotel Reservation Service (HRS) show that the average hotel rate per night in the capital was ?117.86, with Zurich the only city in Europe more expensive.
As well as being the most expensive city in the UK, London room rates were also the country?s fastest rising at 3.64 per cent.
Edinburgh?s room rates are the second most expensive in the UK (?94.90), however they saw a significant decrease of almost 6 per cent based on last year. Overall, UK hotel rates increased in the past year, alongside optimistic forecasts for the UK economy which suggests that the year ahead can be met with similar optimism for the UK?s hotel industry.
In Europe generally, Zurich remains the most expensive with an average of ?145 (?120) per room, followed by London and then Moscow with ?141 (?117) per night. City travellers found the most inexpensive room rates in Prague, despite rates rising by four per cent to ?70 (?58).
The research also showed that visitors to Budapest, Warsaw, Lisbon and Athens were able to relax their travel expenses thanks to more moderate room rates. The rates in Warsaw decreased the most and the hotels there could not sustain momentum gained during the UEFA Euro 2012 football tournament. They saw an average decrease of nine per cent. Madrid also saw a decrease of seven per cent ? a noticeable effect of the consequences of the economic crisis in Spain.
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Source: London hotels are second priciest in Europe, MeetPie http://www.meetpie.com/Modules/NewsModule/newsdetails.aspx?t=London-hotels-are-second-priciest-in-Europe&newsid=18072 published. Viewed Mar 18, 2014.