Price hikes for Hogmanay hotel rooms are bigger in Edinburgh than anywhere else in Britain, according to research.
Results published by online booking service Trivago reveal hotel prices soar by an average of 360 per cent for New Year’s Eve – more than any other destination in the UK and Ireland.
Hotel chiefs said the findings are a clear indicator the Capital has lost none of its appeal as a Hogmanay party destination for people from all over the world. Most are fully booked for this year.
One top hotelier told the Evening News: “It’s a great time of year [for business].”
Trivago’s hotel price index shows one night’s accommodation to ring in “the bells” will set visitors back an average of £455, compared with Edinburgh’s monthly £99 average room rate for the rest of December.
Most of the city’s premier hotels including the world- renowned Balmoral and five-star Old Town venue Hotel Missoni were all booked out as of yesterday.
Others such as the Caledonian and the Old Waverley Hotel – situated at either end of Princes Street – have just a few rooms left for December 31.
A search of Trivago late yesterday returned just six venues out of hundreds of hotels with rooms available. Three of those options, which included the Dakota Hotel close to the Forth Road Bridge, were outside of Edinburgh’s inner city limits, with last-minute bookings for an overnight stay ranging from £191 to £1350.
The limited hotel space reinforces Edinburgh’s credentials as the home of Hogmanay. More than 80,000 revellers are expected to descend on the city centre for the 21st edition of Edinburgh’s Hogmanay Concert in the Gardens, which will be headlined by the Pet Shop Boys.
Ben Powis, business development manager at The Edinburgh Collection, said its four hotels, which include the Holyrood Aparthotel and five-star Howard Hotel, are packed. He said: “There’s only a handful of rooms left across all of our group. They always sell out.”
The Trivago rankings were based on the 20 most popular destinations in the UK and Ireland. York was second on the list, with hotel prices jumping an average 149 per cent to £237 a night for New Year’s Eve.