Hotel rates tumble in Egypt and Turkey
Recent civil unrest has contributed to a sharp fall in hotel rates across Turkey and Egypt.
Anti-government protests in Istanbul have seen the average price of a hotel room during July drop to €108 – down from €145 in June and €128 in July 2012 – according to the website Trivago.com’s monthly price index.
Beyond Istanbul, average rates have also fallen in the popular beach resorts of Antalya and Marmaris, by 24 per cent and 14 per cent, respectively, year-on-year.
“Hotel prices have decreased by an average of 26 per cent in Istanbul this month, following protests which began in the city on May 28 and have yet to be resolved,” said a spokesman for Trivago.com. “Low room rates are abnormal for this time of year, suggesting hoteliers have dropped their prices in order to encourage tourists to continue visiting the city.”
Travellers are advised to postpone non-essential trips to Egypt, excluding Red Sea resorts such as Sharm El Sheikh, Taba, Hurghada and Dahab, due to violent demonstrations and the overthrow of Mohammed Morsi.
Unsurprisingly, average hotel rates in Cairo, where most of the unrest has taken place, have fallen by 13 per cent compared with July 2012, to €82. They have also dropped in Alexandria by 18 per cent.
However, the hotel prices in several Red Sea resorts has also fallen, despite the region being unaffected by the unrest.