TORONTO - Gyrations in currency markets are helping to make some high-end hotels more affordable for Canadian travellers.
The price of a five-star hotel room in Moscow, in Canadian dollars, fell 24 per cent to $202 in the first half of 2015 compared with the same period in 2014, according to a Hotels.com survey. The drop coincided with a slide in the value of the ruble versus the dollar.
As well, four-star accommodation in Sao Paulo, Brazil's largest city, dropped 30 per cent to $152, along with a decline in the Brazilian real versus the loonie.
It's a good time for Canadians to travel to those cities, "especially if you wanted to splurge," said Hotels.com travel expert Taylor Cole.
Warsaw offered the cheapest price for a five-star room during the same period -- C$148 -- followed by Berlin at $193 and Mumbai at $198.
At the other end of the scale, Canadians paid the most for five-star hotels in Los Angeles ($730), Montreal ($629), Tokyo ($607), Honolulu ($606) and Miami ($601).
