Value for Money Officially the cost of living, including eating out, hotel prices and the cost of attractions is lower in Germany than the European average. In addition the quality of accommodation and hotels in Germany is exceptionally high.     Hotel Prices Just like the stock market, the cost of a hotel room can vary by the hour, depending largely on the principle of supply and demand. For tourists, with flexibility, this principle can be a great price advantage, especially when avoiding business events or conferences.   Events Trade Fairs, folk festivals and public holidays are usually the main causes of inflated hotel prices. In case of events, early bookers are usually rewarded with the best choice and hotel prices. Sometimes, especially during trade fairs, it may be advisable to commute and to book a hotel in a neighbouring town. Public transport connections can be checked at www.bahn.co.uk      Last Minute Travellers or holiday makers wishing to book a hotel room during the low or off peak seasons may find the best hotel rates at the last minute. Discounts of 25% to 50%, and sometimes more, are not uncommon when hotels are struggling to sell all their availability or rooms.       Walk-in Rates The worst deals are usually opportunist walk in rates, it is therefore always advisable to book a hotel room in advance, even if it is only a few hours before arriving.