According to tour operator Dertour's 2020 hotel price index, the price of hotel and holiday accommodation in Dublin decreased by 24.7% between 2019 and 2020.
Dertour's index records the cost of three-, four- and five-star hotels and holiday homes in 75 locations around the world.
As reported by The Irish Times, this year's index includes comparisons to 2019 prices to show how the COVID-19 pandemic has affected prices.
Average Worldwide Decrease
The average worldwide price decrease was 17%, with the biggest decline in hotel and holiday accommodation prices being in Amsterdam, where prices decreased by 51.6%. This was followed by San Francisco, where prices decreased by 39%, and Vancouver, where prices decreased by 37%, while prices increased by 15.5% in Marrakech.
The index ranks Dublin hotel and holiday accommodation as the 17th most expensive accommodation in Europe and the 26th most expensive worldwide, with a median one-night hotel stay cost of €121.
Zurich's accommodation was ranked as the most expensive accommodation in Europe, with a median one-night hotel stay cost of €210, while Venice and Paris were ranked as the second and third most expensive locations for accommodation in Europe, with median one-night hotel stay costs of €178 and €167, respectively.
Meanwhile, Corfu, Krakow and Prague had the three cheapest accommodation costs in Europe on the index, with median one-night hotel stay costs of €54, €60 and €62, respectively.
Dertour's data was collected before the second surge in COVID-19 cases in the autumn.
"Reflective Of The Current Struggle"
The Irish Times quotes Dertour as saying, "This dataset is designed not only to inform prospective travellers about the options available and the prices they should expect to find, but also to help raise awareness about the considerable drop in prices between 2020 and 2019, which is reflective of the current struggle facing the entire travel industry."
© 2020 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.