London experienced a 5% drop in the average hotel price in October compared with the previous month. The average hotel price in Berlin decreased by 23% to €96 (£86) per night, making it the city with the largest month-on-month hotel price decrease in Europe recorded during the month.
With an average hotel price of €110 (£94) per night this month, which is 6% higher compared with September, Madrid is the only European city on the index registering a month-on-month price increase for a standard double room in October.
Another city that has reached a year-to-date low in its average hotel price this month is Moscow at €55 £(48) per night for a standard double room – an 18% drop compared with the same period last year.
Elsewhere, Vancouver recorded the most significant month-on-month hotel price decrease in October among all 50 cities listed on the tHPI, with the average price falling 29% to €132 per night for a standard double room.