If your thinking of taking a trip to Europe, now is a great time to go.
Research has revealed that hotel prices have dropped by almost 50 per cent since last year.
The study by TripAdvisor showed that an average nights stay in locations across Europe have seen prices drop dramatically from last year as the Eurozone continues to struggle.
Popular cities including Rome, Barcelona and Lisbon have seen hotel prices plummet.
Hotel rates in wallet-friendly Albufeira in Portugal have seen a drop from around £82 a night to £47 for a good nights sleep – a 42 per cent drop.
Even popular tourist spot Arles in France which boasts impressive Roman monuments – has seen a drop in hotel prices from around £83 to £55, 34 per cent.
TripAdvisor spokesperson Emma Shaw says: ‘It has been an economically-troubled year for much of Europe, particularly for the Eurozone countries, and we are seeing that hotels are dropping their prices in some very well-known tourist destinations.
‘For travellers looking for value for money, this is clearly good news. And with deals to be had in many destinations across Europe, 2012 looks like a good year for the short-haul holiday.’