Hotel prices in London could triple during Olympic Games
LONDON, March 17 — A leading online travel agency has warned that hotel prices in London could triple this summer during the Olympic Games.
Visitors could find themselves paying up to three times the 2011 summer prices, Hotels.com reportedly warned this week, as thousands of competitors, officials and spectators flood the city during the event.
The average cost of a London hotel room during the games will be £213 (RM1,024) a night, 102 per cent up on the same period the year before, Hotels.com found.
Hotels.com president David Roche warned that hoteliers may be holding back some rooms, releasing them slowly in the run up to the event to test how much people will pay — although he noted that some hotels ended up with lower occupancy after being “caught red-handed” using this strategy during last year’s royal wedding.
If the thought of an eye-wateringly expensive hotel during the games doesn’t appeal, fortunately, there are a host of alternatives.
Camping is expected to be one of the biggest beneficiaries of the Games, with the World Travel Market Trend Report last year predicting that Londoners would be renting out their garden space using websites such as campinmygarden.com.
More organised camping facilities will be provided by camping organisations such as the UK’s Camping and Caravanning Club.
The weather in London being what it is, some visitors will no doubt prefer to have a solid four walls around them, even if they’re someone else’s walls — peer-to-peer letting agency Airbnb has already set up a special page for the games, featuring apartments and rooms for short lets at much lower prices than hotels. — AFP-Relaxnews