According to GoEuro.com, a Berlin-based firm which assesses the European travel industry covering 150 cities, including over 60,000 hotels and other accommodation, New York remains the most expensive destination for Europeans. Tirana in Albania remains the cheapest.
St Moritz ranks second in the listings, which take into consideration rail and bus travel, but also facilities aimed at younger travellers, such as youth hostels. Zurich comes in at 13th, Geneva 19th, Bern 24th and Lausanne 26th. In comparison, cities such as Macao rank 3rd, Miami 4th, Nassau 5th. Boston 6th, Venice 7th and Monte Carlo 10th. All prices were calculated over the same date range for the same number of guests.
GoEuro notes a growing trend in the form of inexpensive accommodation for travellers, such as “sharing economy” approaches. This includes Airbnb, an online service enabling private hosts to offer rooms and apartments for holiday rent, but also facilities aimed specifically at generation Y, or young people, all of which are radically changing the hotel industry.
GoEuro points out that European travel market currently represents 200 billion Euros a year, based on the European Travel Commission. This includes over 19 million ground transport passengers daily, notably by bus and rail, and representing a market twice as large as travel by air. European rail travel alone, which is currently assessed at eight billion passenger journeys a year, is expected to increase radically over the next few years as European Union deregulation kicks in by 2019, and high-speed rail travel opens up more, particularly to Russia and other eastern countries.