Hotel prices fall the world over
UK and global hotel prices have fallen for the first time in four years, according to a comprehensive index compiled by booking agent Hotels.com. Prices in the UK fell by 4% year-on-year in the third quarter, while international prices fell by 3%. Rates fell as hotels tried to entice hard-up travellers with cheap offers. But the weakening pound, together with slight increases in European rates, meant that some continental hotels cost 30% more for UK holiday makers.