New research by Hotel Solutions Provider HRS has revealed that hotel rates in each of the UK’s top destinations have seen increases compared to Q3 2013, showing that confidence is returning to the British economy.
London has remained Europe’s most expensive capital to stay in for the last three quarters of 2014, seeing an increase of more than 17 per cent, compared to Q3 in 2013.
Average room rates in London are now reaching nearly £134. This places the UK’s capital ahead of Zurich and Copenhagen which have average room rates of £119 (€152) and £111 (€142) per night respectively.
Another capital city, Edinburgh, keeps hold of its position as the second most expensive in the UK (£119) after seeing a significant increase of almost 18 per cent in average room rates compared to this time last year.
Interestingly, the Welsh capital also increased by over 18 per cent compared to Q3 2013, but still manages to offer the cheapest option for bargain hunters, with room rates costing an average of £81 per night.
Leeds has seen the biggest growth with a 27 per cent increase in room rates compared to the same period last year, with rooms averaging £84 per night.
Jon West, managing director of HRS for the UK and Ireland, said: “The UK is on track to be the fasting growing G7 economy this year and this could be reflected in the price increase of hotel rooms across the nation.
“Thanks to the economic recovery, tourism is picking up again and it appears businesses are also starting to feel more confident in sending employees back out on travel.
“Regional capitals are often popular destinations which can explain the rate development in London, Edinburgh and Cardiff. Leeds’ room rates could have increased thanks to the legacy of Tour De France which kicked off in Yorkshire this summer and attracted much media attention, showcasing the area to potential visitors.”