Cape Town - A new survey conducted by GoEuro has revealed that Cape Town ranks 31st among the most expensive cities in the world for accommodation.
price index study covered 60 000 properties - including Airbnb, 1 to 5
star hotels as well as hostels - in 150 different cities in order to
analyse the price effect on the industry and how this affects
Unsurprisingly the index noted that many travellers
are favouring shared accommodation options like Airbnb and hostels over
traditional hotels. Another interesting point they picked up on, is the
fact that millennials are taking a greater share of the market, helping
hostels grow at a faster pace than the hotel industry.
reports that while the Mother City ranked 31st overall at an average
rate of $99 (R1 147 at R11.61/dollar) per night, it was 26th most
expensive for hotels and 47th for Airbnb property.
New York topped the list with an average price of $246 (R2 852).