The GoEuro Accommodation Price Index

The Accommodation Price Index is available in several languages:

Accommodation is the number one expense for both business and leisure travelers, topping the price of transport by 25% and dining by 40%.

In the last 10 years the hospitality industry has evolved significantly, and an increasing number of travelers 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 analyze the price effect on the industry and how this affects travelers. With the traveler 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.)****
1New York ($)
USA
66941033526916865246
2St Moritz ($)
Switzerland
68739319217712146183
3Macao ($)
China
35324719316215535168
4Miami ($)
USA
68031121613010252167
5Nassau ($)
Bahamas
5412532201209837150
6Boston ($)
USA
25218315512810242147
7Venice ($)
Italy
39126215413112832146
8Dubai ($)
UAE
3112041621358440142
9San Francisco ($)
USA
4542151861568130141
10Monte Carlo ($)
Monaco
5092681601183124134
11Cancùn ($)
Mexico
321267167664214134
12Bruges ($)
Belgium
3262211621579626131
13Zürich ($)
Switzerland
41516715011413247130
14London ($)
UK
4302141531237934130
15Hong Kong ($)
China
3471921591549726125
16Amsterdam ($)
Netherlands
29216214412710732120
17Paris ($)
France
4722351521128236117
18Liverpool ($)
UK
2351841321099029117
19Geneva ($)
Switzerland
3911581501259639115
20Sydney ($)
Australia
277175130967440114
21Dublin ($)
Ireland
23615413211910516108
22St. Tropez ($)
France
59223798695037107
23Washington DC ($)
USA
3671291221138230104
24Bern ($)
Switzerland
3071591301048741104
25Melbourne ($)
Australia
2061651171106627102
26Lausanne ($)
Switzerland
3681501231028040101
27Aberdeen ($)
UK
44511793716445100
28Manchester ($)
UK
226140110888624100
29Lagos ($)
Nigeria
314238119333121100
30Rio de Janeiro ($)
Brazil
27614712469552599
31Cape Town ($)
South Africa
28521310280581799
32Newcastle ($)
UK
1971138888592797
33Chicago ($)
USA
30313812585742597
34Innsbruck ($)
Austria
24414812379573796
35Edinburgh ($)
UK
25515210865572595
36Muscat ($)
Oman
48116210979613294
37Singapore ($)
Singapore
25916011085502194
38Tokyo ($)
Japan
2891789567522794
39Toronto ($)
Canada
35915712089612293
40Punta Cana ($)
Dominican Republic
13231748142402492
41Bristol ($)
UK
2381079275692591
42Jerusalem ($)
Israel
60915010995802191
43Rome ($)
Italy
32413310086722591
44Copenhagen ($)
Denmark
20313310584643089
45Stockholm ($)
Sweden
18412010880582988
46Glasgow ($)
UK
1441188471712288
47Florence ($)
Italy
38112310079712587
48Namur ($)
Belgium
25117010086502487
49Luxembourg ($)
Luxembourg
1541119084812987
50Ghent ($)
Belgium
15811710184662986
51Reykjavik ($)
Iceland
27314410470412585
52Barcelona ($)
Spain
24211810082622285
53Seoul ($)
South Korea
2491479882802085
54Baden-Baden ($)
Germany
21915210360413283
55Montreal ($)
Canada
17215711266622082
56Birmingham ($)
UK
1671077749362180
57Lille ($)
France
1721558672612679
58Liege ($)
Belgium
1471019390582979
59Hamburg ($)
Germany
1771149075372478
60Helsinki ($)
Finland
1681019881692777
61Antwerp ($)
Belgium
19911610077602477
62Haarlem ($)
Netherlands
1411278669603577
63Rügen ($)
Germany
2481488660471977
64Vienna ($)
Austria
2331037867632076
65Stuttgart ($)
Germany
146987776553176
66Brussels ($)
Belgium
145998874742975
67Oslo ($)
Norway
32811610256323975
68Utrecht ($)
Netherlands
128989385592474
69Madrid ($)
Spain
232959375552074
70Siracusa ($)
Italy
1421307569503774
71Nice ($)
France
2261188664571773
72Munich ($)
Germany
2521038472492073
73Belfast ($)
UK
1421188760261773
74Leeds ($)
UK
477978859572572
75Leuven ($)
Belgium
112988175672972
76Lyon ($)
France
173988073663271
77Modena ($)
Italy
1231098770462271
78Milan ($)
Italy
403987361542271
79Ibiza ($)
Spain
21311811044312971
80Mallorca ($)
Spain
2651207953493570
81Marseille ($)
France
2121128169541969
82Nuremberg ($)
Germany
111837967442769
83San Sebastian ($)
Spain
389867977652468
84Moscow ($)
Russia
167967056541568
85Istanbul ($)
Turkey
1361017262561968
86Groningen ($)
Netherlands
1761128484303168
87Bremen ($)
Germany
1181058664542168
88Turin ($)
Italy
1481106358562467
89The Hague ($)
Netherlands
112937863492567
90Toulouse ($)
France
1221066969652566
91Las Palmas ($)
Spain
3381297556502566
92Benidorm ($)
Spain
1841197467442966
93Mons ($)
Belgium
102998575612466
94Corsica ($)
France
2201058165441465
95Essen ($)
Germany
128847361552965
96Cologne ($)
Germany
133907664412164
97Reims ($)
France
6791187765502164
98Lisbon ($)
Portugal
1891057661492164
99Bilbao ($)
Spain
115816554502064
100Berlin ($)
Germany
160906859491764
101Delft ($)
Netherlands
100989866522664
102Ljubljana ($)
Slovenia
1991018056511563
103Naples ($)
Italy
199936961532063
104Tallinn ($)
Estonia
136957144321562
105Frankfurt ($)
Germany
157806456502162
106Seville ($)
Spain
265777562442062
107Rotterdam ($)
Netherlands
125866758512561
108Cagliari ($)
Italy
125856460441760
109Buenos Aires ($)
Argentina
2301237153391460
110Prague ($)
Czech Republic
2141117128221760
111Sao Paulo ($)
Brazil
165907646281957
112Valencia ($)
Spain
170655853442057
113Malaga ($)
Spain
2261016051391657
114Dortmund ($)
Germany
118817462501456
115Dusseldorf ($)
Germany
189786157392456
116Mumbai ($)
India
146867152381054
117Zagreb ($)
Croatia
106956945441654
118Tbilisi ($)
Georgia
2701086946341054
119Lourdes ($)
France
2001096237302054
120Alicante ($)
Spain
164724443411753
121Santiago de Compostela ($)
Spain
87675650451553
122Sarajevo ($)
Bosnia and Herzegovina
95936662331252
123Madeira ($)
Portugal
207906050443452
124Vilnius ($)
Lithuania
139795440271150
125Bogota ($)
Colombia
119905234331149
126Zaragoza ($)
Spain
93725049292049
127Sochi ($)
Russia
369665344331149
128Marrakech ($)
Morocco
199845041371048
129Beijing ($)
China
130815444271047
130Athens ($)
Greece
138805644321447
131Crete ($)
Greece
148806044221246
132Riga ($)
Latvia
237744934311145
133Faro ($)
Portugal
76714440351745
134St. Petersburg ($)
Russia
133755544221545
135Bratislava ($)
Slovakia
123695640291245
136Budapest ($)
Hungary
146744747261544
137Kuala Lumpur ($)
Malaysia
12084443128943
138Skopje ($)
Macedonia
100734439311042
139Mexico City ($)
Mexico
139795121171442
140Kiev ($)
UKraine
25376403121942
141Shanghai ($)
China
14479423418941
142Belgrade ($)
Serbia
159854735241241
143Warsaw ($)
Poland
74534738341641
144Bucharest ($)
Romania
108695033221739
145Bangkok ($)
Thailand
157794130291239
146Antalya ($)
Turkey
70533935252539
147Cairo ($)
Egypt
15067454012638
148Sofia ($)
Bulgaria
87604431251035
149Hammamet ($)
Tunisia
82484731162135
150Tirana ($)
Albania
87704022191232
Click here to see our other travel and transportation price indexes.

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Footnotes

  • * 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
  • **** An earlier version of this table included data for Airbnb properties. We have removed it because it was based on a different methodology, and therefore not directly comparable with our hotel data. Our apologies for any confusion this may have caused.