With summer just around the corner, European hotels are experiencing a price increase of about eight percent. According to Trivago Hotel Price Index, this May, Finland (157 euros, up 37 percent), Romania (92 euros, up 28 percent) and Sweden (178, up 26 percent) are among the countries with the greatest price increases in Europe. Moreover, Cannes with the International Film Festival on the way, has already increased nightly prices by an average of 30 percent compared to last month.
Trivago has prepared its monthly report, showing the greatest price increases and decreases that Europe faces this month.
Cannes Film Festival rises Cannes hotel prices with 30%
With the 65th edition of the Cannes Film Festival approaching, the beautiful Mediterranean city on Cote d’Azur is going through one of the greatest price increases in Europe this month. During the festival (16-27 May), the stylish French destination will expect tourists with great accommodations and prices to match. As reported by May tPHI, the average price per night in Cannes will be 172 euros.
Greatest price upswings in Europe
Set to host the UEFA Champions League Finals between FC Bayern Munich and Chelsea, Munich has seen a major increase in hotel prices, with 30 percent up compared to April, and 14 percent up compared to the same period of last year.
With an average price of 192 euros per night, and an increase of 25 percent, Stockholm, the Swedish capital, seems to be one of the most expensive destinations in Europe this May, alongside Cannes and Finland (157 euros, up 37 percent).
Bucharest, which will host both Europa League Final and the Corporate Games 2012 on May 24, is showing a major growth in price value- 35 percent up compared to last month and 35 percent up compared to last year.
Greatest price downswings in Europe
The lowest priced destinations in Europe to travel this May are: Greece (92 euros, 6 percent down), Cyprus (104 euros, 1 percent down) and Bulgaria (65 euros, 8 percent down), the last one experiencing both the lowest average hotel prices in Europe and the greatest decrease.
Regarding the best European value cities to visit this May, Malaga, with an average hotel price of 79 euros, is recording an important decrease (annual decrease- 8 percent, monthly decrease – 16 percent), alongside Athens (96 euros, 16 percent down), Toulouse (91 euros, 4 percent down) and Seville (111 euros). The lovely capital of Andalucía is one of the most affordable cities in Europe, with the greatest price decrease of this month – 23 percent and 18 percent lower compared to last year.