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The GoEuro Accommodation Price Index

12 December 2014
12 Dec 2014 -

Go Euro logoAccommodation is the number one expense for both business and leisure travellers, topping the price of transport by 25% and dining by 40%, according to the latest accommodation price index from GoEuro.

In the last 10 years the hospitality industry has evolved significantly, and an increasing number of travellers are now favouring the unique experience and personal charm of staying in shared accommodation* over traditional hotels. Additionally, millennials are taking a greater share of the market, helping hostels grow at a faster pace than the hotel industry.

GoEuro has undertaken an impartial price index study of 150 cities** and over 60,000 properties to analyse the price effect on the industry and how this affects travellers. With the traveller in mind, we have not factored local purchasing power into the calculations*** in order to reflect real world prices. (This is not a comparison of different types of accommodation, but is instead a price ranking of the cities listed.)

Accommodation price index

Place $ per night Airbnb ***** **** *** ** * Hotel Hostel Average
1 New York ($)
USA
231 669 410 335 269 168 65 246
2 St. Moritz ($)
Switzerland
171 687 393 192 177 121 46 183
3 Macao ($)
China
213 353 247 193 162 155 35 168
4 Miami ($)
USA
193 680 311 216 130 102 52 167
5 Nassau ($)
Bahamas
171 541 253 220 120 98 37 150
6 Boston ($)
USA
274 252 183 155 128 102 42 147
7 Venice ($)
Italy
166 391 262 154 131 128 32 146
8 Dubai ($)
UAE
226 311 204 162 135 84 40 142
9 San Francisco ($)
USA
178 454 215 186 156 81 30 141
10 Monte Carlo ($)
Monaco
202 509 268 160 118 31 24 134
11 Cancùn ($)
Mexico
247 321 267 167 66 42 14 134
12 Bruges ($)
Belgium
123 326 221 162 157 96 26 131
13 Zürich ($)
Switzerland
172 415 167 150 114 132 47 130
14 London ($)
UK
176 430 214 153 123 79 34 130
15 Hong Kong ($)
China
123 347 192 159 154 97 26 125
16 Amsterdam ($)
Netherlands
150 292 162 144 127 107 32 120
17 Paris ($)
France
87 472 235 152 112 82 36 117
18 Liverpool ($)
UK
160 235 184 132 109 90 29 117
19 Geneva ($)
Switzerland
122 391 158 150 125 96 39 115
20 Sydney ($)
Australia
168 277 175 130 96 74 40 114
21 Dublin ($)
Ireland
125 236 154 132 119 105 16 108
22 St. Tropez ($)
France
155 592 237 98 69 50 37 107
23 Washington DC ($)
USA
150 367 129 122 113 82 30 104
24 Bern ($)
Switzerland
103 307 159 130 104 87 41 104
25 Melbourne ($)
Australia
128 206 165 117 110 66 27 102
26 Lausanne ($)
Switzerland
110 368 150 123 102 80 40 101
27 Aberdeen ($)
UK
209 445 117 93 71 64 45 100
28 Manchester ($)
UK
150 226 140 110 88 86 24 100
29 Lagos ($)
Nigeria
155 314 238 119 33 31 21 100
30 Rio de Janeiro ($)
Brazil
176 276 147 124 69 55 25 99
31 Cape Town ($)
South Africa
122 285 213 102 80 58 17 99
32 Newcastle ($)
UK
208 197 113 88 88 59 27 97
33 Chicago ($)
USA
133 303 138 125 85 74 25 97
34 Innsbruck ($)
Austria
133 244 148 123 79 57 37 96
35 Edinburgh ($)
UK
160 255 152 108 65 57 25 95
36 Muscat ($)
Oman
120 481 162 109 79 61 32 94
37 Singapore ($)
Singapore
137 259 160 110 85 50 21 94
38 Tokyo ($)
Japan
143 289 178 95 67 52 27 94
39 Toronto ($)
Canada
110 359 157 120 89 61 22 93
40 Punta Cana ($)
Dominican Republic
193 1323 174 81 42 40 24 92
41 Bristol ($)
UK
179 238 107 92 75 69 25 91
42 Jerusalem ($)
Israel
92 609 150 109 95 80 21 91
43 Rome ($)
Italy
130 324 133 100 86 72 25 91
44 Copenhagen ($)
Denmark
118 203 133 105 84 64 30 89
45 Stockholm ($)
Sweden
135 184 120 108 80 58 29 88
46 Glasgow ($)
UK
160 144 118 84 71 71 22 88
47 Florence ($)
Italy
125 381 123 100 79 71 25 87
48 Namur ($)
Belgium
93 251 170 100 86 50 24 87
49 Luxembourg ($)
Luxembourg
125 154 111 90 84 81 29 87
50 Ghent ($)
Belgium
122 158 117 101 84 66 29 86
51 Reykjavik ($)
Iceland
128 273 144 104 70 41 25 85
52 Barcelona ($)
Spain
123 242 118 100 82 62 22 85
53 Seoul ($)
South Korea
82 249 147 98 82 80 20 85
54 Baden-Baden ($)
Germany
110 219 152 103 60 41 32 83
55 Montreal ($)
Canada
75 172 157 112 66 62 20 82
56 Birmingham ($)
UK
191 167 107 77 49 36 21 80
57 Lille ($)
France
76 172 155 86 72 61 26 79
58 Liege ($)
Belgium
103 147 101 93 90 58 29 79
59 Hamburg ($)
Germany
128 177 114 90 75 37 24 78
60 Helsinki ($)
Finland
87 168 101 98 81 69 27 77
61 Antwerp ($)
Belgium
87 199 116 100 77 60 24 77
62 Haarlem ($)
Netherlands
84 141 127 86 69 60 35 77
63 Rügen ($)
Germany
100 248 148 86 60 47 19 77
64 Vienna ($)
Austria
128 233 103 78 67 63 20 76
65 Stuttgart ($)
Germany
116 146 98 77 76 55 31 76
66 Brussels ($)
Belgium
87 145 99 88 74 74 29 75
67 Oslo ($)
Norway
103 328 116 102 56 32 39 75
68 Utrecht ($)
Netherlands
87 128 98 93 85 59 24 74
69 Madrid ($)
Spain
105 232 95 93 75 55 20 74
70 Siracusa ($)
Italy
81 142 130 75 69 50 37 74
71 Nice ($)
France
98 226 118 86 64 57 17 73
72 Munich ($)
Germany
111 252 103 84 72 49 20 73
73 Belfast ($)
UK
128 142 118 87 60 26 17 73
74 Leeds ($)
UK
108 477 97 88 59 57 25 72
75 Leuven ($)
Belgium
80 112 98 81 75 67 29 72
76 Lyon ($)
France
79 173 98 80 73 66 32 71
77 Modena ($)
Italy
91 123 109 87 70 46 22 71
78 Milan ($)
Italy
116 403 98 73 61 54 22 71
79 Ibiza ($)
Spain
91 213 118 110 44 31 29 71
80 Mallorca ($)
Spain
85 265 120 79 53 49 35 70
81 Marseille ($)
France
79 212 112 81 69 54 19 69
82 Nuremberg ($)
Germany
111 111 83 79 67 44 27 69
83 San Sebastian ($)
Spain
80 389 86 79 77 65 24 68
84 Moscow ($)
Russia
120 167 96 70 56 54 15 68
85 Istanbul ($)
Turkey
100 136 101 72 62 56 19 68
86 Groningen ($)
Netherlands
69 176 112 84 84 30 31 68
87 Bremen ($)
Germany
77 118 105 86 64 54 21 68
88 Turin ($)
Italy
91 148 110 63 58 56 24 67
89 The Hague ($)
Netherlands
92 112 93 78 63 49 25 67
90 Toulouse ($)
France
64 122 106 69 69 65 25 66
91 Las Palmas ($)
Spain
62 338 129 75 56 50 25 66
92 Benidorm ($)
Spain
62 184 119 74 67 44 29 66
93 Mons ($)
Belgium
50 102 99 85 75 61 24 66
94 Corsica ($)
France
82 220 105 81 65 44 14 65
95 Essen ($)
Germany
88 128 84 73 61 55 29 65
96 Cologne ($)
Germany
93 133 90 76 64 41 21 64
97 Reims ($)
France
55 679 118 77 65 50 21 64
98 Lisbon ($)
Portugal
74 189 105 76 61 49 21 64
99 Bilbao ($)
Spain
115 115 81 65 54 50 20 64
100 Berlin ($)
Germany
100 160 90 68 59 49 17 64
101 Delft ($)
Netherlands
41 100 98 98 66 52 26 64
102 Ljubljana ($)
Slovenia
79 199 101 80 56 51 15 63
103 Naples ($)
Italy
85 199 93 69 61 53 20 63
104 Tallinn ($)
Estonia
113 136 95 71 44 32 15 62
105 Frankfurt ($)
Germany
100 157 80 64 56 50 21 62
106 Seville ($)
Spain
92 265 77 75 62 44 20 62
107 Rotterdam ($)
Netherlands
79 125 86 67 58 51 25 61
108 Cagliari ($)
Italy
92 125 85 64 60 44 17 60
109 Buenos Aires ($)
Argentina
62 230 123 71 53 39 14 60
110 Prague ($)
Czech Republic
110 214 111 71 28 22 17 60
111 Sao Paulo ($)
Brazil
85 165 90 76 46 28 19 57
112 Valencia ($)
Spain
100 170 65 58 53 44 20 57
113 Malaga ($)
Spain
72 226 101 60 51 39 16 57
114 Dortmund ($)
Germany
56 118 81 74 62 50 14 56
115 Dusseldorf ($)
Germany
76 189 78 61 57 39 24 56
116 Mumbai ($)
India
70 146 86 71 52 38 10 54
117 Zagreb ($)
Croatia
56 106 95 69 45 44 16 54
118 Tbilisi ($)
Georgia
56 270 108 69 46 34 10 54
119 Lourdes ($)
France
62 200 109 62 37 30 20 54
120 Alicante ($)
Spain
101 164 72 44 43 41 17 53
121 Santiago de Compostela ($)
Spain
85 87 67 56 50 45 15 53
122 Sarajevo ($)
Bosnia and Herzegovina
47 95 93 66 62 33 12 52
123 Madeira ($)
Portugal
35 207 90 60 50 44 34 52
124 Vilnius ($)
Lithuania
91 139 79 54 40 27 11 50
125 Bogota ($)
Colombia
76 119 90 52 34 33 11 49
126 Zaragoza ($)
Spain
76 93 72 50 49 29 20 49
127 Sochi ($)
Russia
87 369 66 53 44 33 11 49
128 Marrakech ($)
Morocco
66 199 84 50 41 37 10 48
129 Beijing ($)
China
66 130 81 54 44 27 10 47
130 Athens ($)
Greece
56 138 80 56 44 32 14 47
131 Crete ($)
Greece
57 148 80 60 44 22 12 46
132 Riga ($)
Latvia
72 237 74 49 34 31 11 45
133 Faro ($)
Portugal
64 76 71 44 40 35 17 45
134 St. Petersburg ($)
Russia
60 133 75 55 44 22 15 45
135 Bratislava ($)
Slovakia
64 123 69 56 40 29 12 45
136 Budapest ($)
Hungary
59 146 74 47 47 26 15 44
137 Kuala Lumpur ($)
Malaysia
62 120 84 44 31 28 9 43
138 Skopje ($)
Macedonia
59 100 73 44 39 31 10 42
139 Mexico City ($)
Mexico
72 139 79 51 21 17 14 42
140 Kiev ($)
Ukraine
72 253 76 40 31 21 9 42
141 Shanghai ($)
China
67 144 79 42 34 18 9 41
142 Belgrade ($)
Serbia
44 159 85 47 35 24 12 41
143 Warsaw ($)
Poland
56 74 53 47 38 34 16 41
144 Bucharest ($)
Romania
44 108 69 50 33 22 17 39
145 Bangkok ($)
Thailand
41 157 79 41 30 29 12 39
146 Antalya ($)
Turkey
56 70 53 39 35 25 25 39
147 Cairo ($)
Egypt
57 150 67 45 40 12 6 38
148 Sofia ($)
Bulgaria
42 87 60 44 31 25 10 35
149 Hammamet ($)
Tunisia
46 82 48 47 31 16 21 35
150 Tirana ($)
Albania
30 87 70 40 22 19 12 32

* The Airbnb price should not be compared to hotel prices within the same city, as the factors we used only reflect a segment of the available offerings. To calculate the Airbnb price we averaged the median cost of booking an entire property for 2 and 4 people over a range from June 1 – December 31, 2014 to include high and low season periods. We collected data directly from the Airbnb website for over 40,000 properties across 150 cities.

** Cities were chosen based on several factors. For cities outside of Europe, we selected based on population, size of hospitality industry, and number and availability of 1-4 star hotels. Additionally, for cities within Europe, we factored in the volume of inbound transport bookings on GoEuro over the past 12 months.

*** Our formula is based on the average cost of a hotel room, a hostel bed and an Airbnb property in each city. All prices were converted from local currency to Euro using the Bloomberg exchange on Monday, November 17, 2014.

  • To calculate the hotel room price we averaged the median prices for 1, 2, 3 and 4 star hotels in each city for a stay in over a range from June 1 – December 31, 2014 to include high and low season periods. We also factored in prices for 1, 2 and 4 people, we then divided the total to get the price shown. In total, we collected data directly from hotels and several online aggregators for over 16,000 properties across 150 cities.
  • To calculate the hostel price we averaged the median rate of a single bed in a shared dorm in each city over a range from June 1 – December 31, 2014 to include high and low season periods. We collected data directly from hostels and several online aggregators for over 3,000 properties across 150 cities.
  • We calculated the price of a 5 star hotel separately to the price of a 1-4 star hotel, as the price range at the most expensive resorts are not always representative of the prices of a city as whole, and can vary dramatically based on season and availability. We used the same dates and factors as the 1-4 star hotelswhen calculating the average price. We found that the more 5 star hotels a city has, the more affordable they become relative to the price of a 4 star hotel. eg Dubai vs Punta Cana.

Source: GoEuro