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Cities with the largest drop in room rates


Travel itself will be cheap: travel CEO

While there’s been plenty of talk around the cost of travel going up in 2021 (and beyond) post-coronavirus, new data showing the difference in accommodation rates between last year and 2020 tells another story. 

 

Bangkok, where average accommodation rates have dropped by nearly 35%

 

German travel company DERTOUR went about comparing the average cost of accommodation in 75 major cities around the world from 12 months ago with room rates from today (August, more accurately) and found that the vast majority of price tags had fallen – and quite dramatically. 

 

According to the data, the destinations that had experienced the biggest drop-offs in prices were Amsterdam (-51.6%), San Francisco (-39.2%), Vancouver (-37.1%), Bangkok (-34.6%), and Phuket (-33.8%). Barcelona, New York and Miami also saw reductions of more than 30% year-on-year. 

 

Across Europe, prices fell by around 25% in London, Edinburgh, Dublin, Berlin, Rome and Istanbul, while closer to home, Melbourne and Sydney rates decreased by an average 9.6% and 7.3% respectively. 

 

“Travel itself will be cheap in 2021,” DER Touristik Central Europe CEO Dr Ingo Burmester said. 

 

“Eighty percent of the price for package tours is determined by the cost of flights and hotels. Especially in destinations that are not in great demand, costs should fall.” 

 

“We will pass this on to our customers. We also stand in solidarity with all our partners in the travel industry in trying to make 2021 a year of recovery for everyone.”

 

To see the full report, including how each city fared across three, four and five star hotels, and vacation homes, click here.  

 


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Written by: Mark Harada
Published: 28 October 2020

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