Oslo Becoming more Affordable for Foreign Travellers as the NOK Weakens
According to hotels.com Oslo’s hotel rates have dropped the most among the European capitals over the last 12 months. Also, a recent survey has shown a drop of up to 35 % on food, beverages and other services when priced in Euros or US Dollars. Although a worrying sign for a lot of industries, the financial situation has made the city more affordable for most foreign travellers.
During 2008 the occupancy of local hotels actually went up about a percent according to VisitOSLO statistics. Among markets with promising trends were the United States, the Russian Federation and several other Eastern and Central European countries as well as overseas markets like Australlia. Also, neighbouring states like Sweden and Denmark have shown an increased interest in the Norwegian Capital.
While the capacity of hotels in and around the Winter Capital is already strained, the financial situation is encouraging travel agencies and tour operators as well as foreign individual travellers to book their Oslo holidays at their earliest convenience.
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