The British pound sterling has performed well over the last 12 months, and this has translated in to good savings for UK travellers, who enjoyed price falls in more than 60 international destinations.
Hotels.com has released its latest edition of the Hotel Price Index (HPI), an annual report based on actual prices paid by hotel guests during 2014.
Of the 117 cities included in the report, prices fell in 64, were flat in four and up in 49. This overall fall is partially due to an increase in the strength of the Pound against several major currencies in 2014, including the Euro, Australian Dollar and Brazilian Real.
The Russian capital Moscow saw the largest fall in average prices paid, down 18% to £128 as the Rouble dropped in value, while Krakow was found to be the best value for money amongst European destinations in the report, averaging £60 following a 3% decline.
The falling Euro led to decreases in some of the most popular Spanish sunspots, including Benidorm, down 4% to £70, while Alicante and Torremolinos both fell 3% to £64 and £63 respectively.
Matt Walls, vice president of the Hotels.com brand, said: “UK travellers really benefitted from the strength of the Pound last year… The trend looks set to continue this year so the message from our HPI is that 2015 is the year for that dream holiday. So go explore!”
Despite Eurozone woes however, there were increases in hotel prices paid across Europe as the economic recovery continued and many countries reported record visitor numbers.
Of all the destinations included in the report, UK travellers paid the most on average in Monte Carlo (£214) again.
In terms of annual increases Tallinn witnessed the highest European increase, up 10% to £77. Other notable risers included Reykjavik up 9% to £97, Athens up 8% to £77 and Dublin up 6% to £87 as Ireland enjoyed a 9% increase in overseas visitors in 2014.
Many Spanish locations also saw a solid rise as holidaymakers turned away from areas involved with civil unrest. Mallorca was up 8% to £110 and Marbella rose by 6% to £124.
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