According to a list compiled by Hotels.com of the top five most expensive and cheapest travel destinations, the average cost of a room per night in Geneva has risen by 5% to an average cost of £155 this year, compared to a room cost of £147 per night in 2009.
Monte Carlo, which was the most expensive city destination in 2009, is the second most expensive city, with the average cost of a room per night being £152. New York follows in third position with just a £1 lower rate. Moscow and Johannesburg take up the fourth and fifth places.
On the other end of the scale, the least expensive city is Riga. Tallinn, Bangkok, Warsaw and Budapest were named the top five least expensive city destinations.
The global communications director of Hotels.com, Alison Couper, said: “Our ‘top fives’ are intended to inform travellers and point out where they can get the best value for money. The fact that hotel prices rose 5% in Geneva this year is a reflection of the popularity of the Swiss city among business travellers coupled with the strength of the Swiss Franc against Sterling.”
A lot of cities have seen a rise in the number of travellers visiting from the UK this year. The most significant increase in hotel room prices has been in Cape Town, where there has been a 54% rise in the cost of a room since 2009. In Shanghai, room costs per night have risen 32% since last year. Nairobi, Rio de Janeiro and Las Vegas have also seen a marked improvement in their room prices.
The city to suffer the most is Abu Dhabi, with room costs falling 35% since 2009, from £174 to £113. Iceland’s Reykjavik has also witnessed a 14% fall in room costs, mainly after the travel chaos that commenced due to the volcanic ash cloud. Tallinn, St. Petersburg and New Delhi have also experienced a price fall.
Remember to pack your cheap holiday insurance!
If you’re planning on taking advantage of a cheap holiday destination, don’t forget to pack your cheap holiday insurance before you go. You can get an instant quote and immediate cover by going online to 24/7 travel insurance. A 3-day break in Europe will cost you only £4.14* – perfect for a last minute getaway!
* Premium £4.14 includes Insurance Premium Tax based on an adult aged under 55 taking out a “Standard” Single Trip 24/7 travel insurance policy for 3-days in Europe excluding personal possessions cover and purchased within 14 days of departure date. Cover details and prices are correct at time of going to press (28th October 2010) and are subject to change.