Decrease of the prices in the Swedish hotels

Decrease of the prices in the Swedish hotels
Decrease of the prices in the Swedish hotels
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Hotels in Sweden will be attractive for tourist during winter holidays not only due to comfortable environment, beauty of Stockholm and snowy surroundings of Malmo. Prices in hotels during the recent months have become very attractive for foreign tourists because of devaluation of local currency – Swedish crown.

The fall of Swedish crown began simultaneously with the global financial crisis, in the end of August. Rate of exchange of crown was falling during the autumn and by December 2008 has lost 20% of its value.

This situation in the Swedish economy, as well as discounts, which Swedish hotels are using to attract guest, led to a significant reduction in the cost of rooms. During Christmas and New Year specials, which be offered till the middle of January, the prices in the Swedish hotels will be extremely low. The room with breakfast in the 3* hotel within 15 minutes walking distance from the center of the Swedish capital will cost tourist about 40 euros per day.

Discounts in budget Swedish hotels and middle class hotels were also conditioned by the fall in the demand for their services. Due to the world crisis the number of tourist trips to Sweden has slightly decreased, which in turn affected the occupancy of the Swedish hotels. Local hoteliers were forced to make considerable concessions in the price of the rooms to avoid big losses.

Business class and luxury hotels do not experience the reduction of demand and continue working in bounds of their ordinary pricing policy. There is a high probability that standard hotels will soon return to the old rates. National Bank of Sweden has already announced the measures to be taken to stabilize the exchange rate of crown. Nevertheless, luxury hotels in the Swedish cities has already announced that the annual increases in the prices for their services, which have become traditional for the local tourist business, are not planned in 2009.

Date: 29/12/2008


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