According to Hotel.com’s latest Hotel Price Index (HPI), London hotel prices were down by 12% to £111 per room on average in the final three months of 2008. UK hotel prices were down by an average of 12% at the end of 2008 with hotels in the North West seeing some of the biggest price drops. Prices in Blackpool fell by 22% to an average of £79 per room per night and in Manchester by 19% to £73. The price drop has been attractive to European and US travellers due to the weakness of the pound meaning the prices they pay were down as much as 24%. The Hotel.com HPI tracks the real prices paid per hotel room, not the advertised rates. It looks at 68,000 hotels accross 12,500 worldwide locations. The latest HPI measured prices from Oct 2008-Dec 2008 in comparison to those the year before.
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