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Tuesday, March 22, 2011

London hotels have raised prices during the 2012 Olympics

London hoteliers pytayutsya warmed his hands at the upcoming Olympic Games in 2012, they have pushed up prices in some hotels up to five times, and travel agents have exposed the draconian conditions of booking.

This state of affairs, writes Financial Times, could undermine the efforts of business to prevent price increase during a sports event. Stir to begin on Tuesday, March 15, when the market should reach 6.6 million tickets for the competitions of the Games-2012.
According to the wish not to name a travel agent, a four-star hotel room in which there is an average of 200 pounds (320 dollars) for the Olympics offers a room for 1.1 thousand pounds (1765 dollars). Prices rose another four-star hotel Co 131 pounds to 297 pounds, one more - from 142 pounds to 266 pounds. In the three-star hotel room for the duration of the Olympics has increased by 2-3 times.
Employees Financial Times also familiar with the terms of booking. If now one of the hotels from the order can be waived without penalty, at the time of the Games, he is 100%. The same hotel requires a 70 percent advance payment for booking until the end of September 2011, and the rest - until the end of January 31, 2012.
Tour operators have already expressed concern about such conditions and urged hoteliers to introduce a "fair pricing" in the period from January 1 to September 30, 2012.

The situation with the hotels for tourists is complicated by the fact that the Olympics organizing committee has reserved 40,000 rooms for functionaries, athletes and journalists.


  1. Yes properties have increased in rental yield during the london 2012 olympics but this is due to the demand.... there are properties on at very reasonable prices and advertising on it is for free.

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