Three European cities see biggest increase in hotel rates, survey finds
The biggest increase in average hotel rates in Europe this year has been seen in cities like Barcelona, Berlin and Paris, according to recent analysis by travel management firm TravelPerk.
Furthermore, the same reveals that flights between London and Berlin also saw the largest increase in average fares, reports SchengenVisaInfo.com.
According to figures provided by TravelPerk, in Europe, average hotel rates rose 48% in Barcelona, to €153, and 38% in Berlin and Paris, to €130 and €198, respectively.
In this regard, TravelPerk Chief Revenue Officer JC Taunay-Bucalo said that this data shows that although Europe has seen strong increases in all areas, the most dramatic increase in the cost of travel in the first half of 2022 was observed in the United States. .
“These increases are due to external factors that all sectors of the travel industry are facing, including rising fuel costs, a labor shortage and disruptions in the global economy. However, it is also true that suppliers are seeing an increase in demand and are looking to make up for lost revenue during the pandemic,” he added.
Data from TravelPerk shows that the rate of travel price inflation between the first and second quarters of this year grew fastest on the US East Coast.
In TravelPerk’s most booked destinations, London and Amsterdam, average daily rates rose 22% to €200 and 36% to €184, respectively.
Meanwhile, the largest increase in hotel rates was recorded in Chicago, with 77% to €277 in the second quarter compared to the first quarter, followed by Boston, with 63% to €346, and New York, with 49 % at €309. Even in Singapore, there was a single-digit increase where fares increased by 4% to €175.
TravelPerk data also shows that the largest increases in average airfares were seen in overseas bookings from New York to San Francisco with a 96% increase to €685, New York to Paris with 62% to €1,753, and from Berlin to London with a 43% increase to €280.
The same source revealed that fares on TravelPerk’s three main routes increased by 35% from London to New York to €2,126, 8% in the opposite direction to €1,602 and 23% from Singapore to London at €2,393.
At the same time, the cost of rail travel has also risen sharply, with fares on its five main lines rising by 25% or more between the first and second quarters.
In addition, from Bordeaux to Paris, fares increased by 35%, from Berlin to Munich by 31%, from Paris to Bordeaux by 30%, and fares from London to Paris and from Hamburg to Paris increased by 25%.
According to TravePerk, rail fares have seen lower inflation than flights, and it also notes that rail bookings grew 15% more than flight bookings from the first to the second quarter.