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Edinburgh Festival: Hotel Prices up by 39%

By James Russell: Edinburgh Festival: Hotel Prices up by 39%

August 14, 2015

Hotel prices in Edinburgh have increased by 39 per cent this August, according to the trivago Hotel Price Index (tHPI) reported monthly by hotel search site trivagi.co.uk. An overnight stay in the city will cost an average of £207, in comparison to £149 in July 2015.

Edinburgh most expensive city in Europe

Price Ranking City Average Price August 2015
1 Edinburgh,UK £207
2 Geneva,Switzerland £204
3 London,UK £169
4 Venice,Italy £156
5 Bern,Switzerland £156
6 Copenhagen,Denmark £132
7 Amsterdam,Netherlands £127
8 Nice,France £120
9 Dublin,Ireland £118
10 Stockholm,Sweden £115

 

Hotel prices in Edinburgh have risen above Geneva, London and Venice to the most expensive in Europe this month, based on the 50 most popular cities on trivago. A hotel in Edinburgh is an average of 22 per cent and £38 more expensive than a hotel in London, consistently the most expensive city in the UK for a hotel stay.

Hotel prices increase to £237 during Edinburgh Festival

This year, the Edinburgh International Festival and Edinburgh Festival Fringe run simultaneously for the first time in 18 years, from 7 – 31 August. The most expensive day for a hotel stay is currently Saturday 8th August, the second day of the festival, when a hotel will cost an average of £237. This is a 44 per cent increase from the previous Saturday 1 August, when a hotel cost an average of £164.

Hotel prices are also high on Saturday 15 August (£227), Saturday 22 August (also £227) and Saturday 29 August (£226).

The average this year (£207) is 6 per cent high than the average during the 2014 Edinburgh Festival (£196), despite widespread criticism that prices were too high last year.

Glasgow £100 cheaper than Edinburgh

City Average Price August 2015 Average Price July 2015 Percentage Difference Driving time Edinburgh
Edinburgh £207 £149 39%
Perth £91 £99 -8% 1 hr 2mins
Stirling £124 £106 17% 1 hr 3mins
Glasgow £107 £100 7% 1 hr 10mins
StAndrews £226 £211 7% 1 hr 25mins
Dundee £80 98 -18% 1 hr 25mins

 

While hotel prices in Edinburgh have increase by an average of 39 per cent and £58 month- on-month, the same cannot be said for surrounding towns and cities. The only destination with a significant price increase is Stirling, where hotels are up by 17 per cent compared to July, but are still an average of £83 cheaper then Edinburgh.

A hotel stay in Glasgow will cost an average of £107 this month, which is 93 per cent and
£100 cheaper than Edinburgh. Some destinations have even decreased in price compared to July: a hotel stay in Dundee is 18 per cent cheaper and Perth 8 per cent cheaper.

A nearby town or city…

Denise Bartlett, UK Public Relations: “For those still seeking accommodation for the Edinburgh International or Fringe festivals, a nearby town or city might be their best bet, with availability low and prices high in Edinburgh. Perth, for example, is just over an hour’s drive from Edinburgh and boasts an average of £91 for a hotel stay. Glasgow is another option, with plenty of accommodation options and prices approximately £100 cheaper than Edinburgh.

Guests still hoping to join the festivities without a set date should consider visiting during the week, rather than the weekend. The most expensive accommodation prices in Edinburgh are found on each of the Saturday nights, with hotel prices approximately 20 per cent cheaper during the week.”

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