Windows of hotel rooms dark in Tallinn


Estonian capital now has Europe’s cheapest hotel prices

A couple of years ago, Postimees writes, entrepreneurs cautioned that the number of hotels in Tallinn was growing at an absurdly fast pace, even in the fertile environment of an economic and real estate boom. Now the results have arrived; 5-star hotels are offering rooms at 3-star rates yet occupancy rates are still falling considerably. “Things have changed so much that the Swedish media are writing about Tallinn as the European capital with the cheapest accommodation prices,” said Feliks Magus, CEO of Nordic Hotels. It was not so long ago that Tallinn was in the top ranks of this very same list, not floundering at the bottom. Generally speaking, prices have fallen by a third or even more in comparison to last year.


Postimees, 2009-04-14

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