The price of a hotel night in Europe this month is three percent cheaper than it was last month, coming in at an average of â¬108.
In its monthly Hotel Price Index report, Trivago said December 9 that although the cost of a double room in Europe this month has fallen, some travelers are likely to pay considerably more for a New Year's getaway.
A trip to the normally reasonable destination of Prague for New Year's for instance, costs 268 percent more than the â¬98 December average, Trivago calculated, with revelers likely to pay a whopping â¬360 for the average double room.
Similar increases over the New Year can also be seen in Venice, where prices have risen from â¬133 to â¬308, and Amsterdam, up to â¬272 from a December average of â¬124.
Despite the expense of a New Year's room, several cities across Europe have seen healthy price drops for travelers since November -- London is ten percent cheaper this month (â¬186), Barcelona and Bucharest are 12 percent cheaper (â¬103 and â¬72 respectively) and Istanbul is nine percent cheaper (â¬102).
Destinations seeing an increase in rates included Prague, up 23 percent on last month to â¬98, Vienna, up 13 percent to â¬131, and Budapest, up nine percent to â¬67.
Europe's most expensive destinations - November 2011
Geneva (â¬211) London (â¬186) Paris (â¬160) Oslo (â¬158) Stockholm/Salzburg (â¬152)
Data provided by Trivago.co.uk