Rates fell by 7% in the UK capital, while prices were down by 1% year-on-year in Madrid and Rome.

New York City had the most expensive rates listed global matasearch site with an average overall rate of €187, followed by San Francisco where a standard double room cost €174. Amsterdam and Zurich were most expensive for a hotel stay in Europe with average nightly rates of €151.

The cities with the lowest average hotel prices in Europe were Istanbul, with an average rate of €61, and Warsaw at €63.