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Mark founded MoneyMaxim in 2008, with the aim of delivering an impartial and independent service. Mark is a regular money saving expert in the press and writes regular news and articles for the MoneyMaxim news pages sharing his views on banking, personal insurance and the utilities (gas, electricity, mobile and home phones, broadband and pay TV) market with customers.
A new survey suggests that Poland offers the best value luxury hotels and hostels. Warsaw, the Polish capital, is one of seven European hotspots that have been named on the top 10 affordable high-end hotels list.
The survey by online hotel comparison website, Hotels.com, compiled the list based on the average price per room, per night in 2011. Five star hotels in Warsaw would set holidaymakers back by an average of £84 per night, with Marrakech in Morocco offering the next best value at £90 per night.
Cash-strapped travellers looking for a bargain might also want to head to Budapest where the average five-star room is £105 per night. Lapping it up in luxury can also be done on the cheap in Tallinn, Estonia for £112 per night.
Room prices in the German capital of Berlin were an average of £114 last year, which is extremely cheap in comparison to some of the most expensive luxury hotels on the list. A one night stay in a five star hotel in New York, for example, was an average of £340 last year, £326 in Paris and £292 in Tokyo.
The UK was the 12th most expensive luxury hotel destination to stay in, with the average five-star hotel costing around £225 per night.
Speaking to The Independent, the Hotels.com Chief Marketing Officer Nigel Pocklington said: "Britons looking for a taste of the high life but working to a budget don't have to travel far to find some great deals.
"Eastern European capitals in particular offered excellent value in 2011, despite some substantial price rises as demand for rooms increased from bargain-savvy visitors.”
Holidaymakers looking to find cheap bargains could reduce their costs by using MoneyMaxim's car hire comparison service for discount car hire.