PRN: Lower Prices Point to Last Minute Sprint for Olympic Rooms
Lower Prices Point to Last Minute Sprint for Olympic Rooms
LONDON, June 28, 2012 /PRNewswire/ --
- Average hotel prices have fallen by 25% for the Olympic period
With one month to go to the start of London 2012, research by Hotels.com shows that hotel prices in London during the Olympics have fallen around 25% over the last two weeks.
Â Â Â Â (Logo: http://photos.prnewswire.com/prnh/20120628/540164 )
The average cost of a hotel room in the capital for the Games period now stands at Â£160, still 75% up on the same time last year but this masks that fact that there are rooms available in the city for much less, such as Â£59 a night in some instances, depending on the date of stay.
Hotels.com, one of the world's leading accommodation booking websites, has identified three main reasons why rates are dropping:
"Falling prices are an encouraging move for consumers and there is good availability across London in all classes of hotel" said Seamus MacCormaic of Hotels.com,
"We are seeing promotional prices start to come through and we do expect this trend to continue," MacCormaic continued. "So people should not be put off travelling to London even if they don't have a ticket. There is still plenty to see and do away from the Olympic Park to soak up the atmosphere and enjoy the spirit of the Games."
Hotels.com is a leading online accommodation booking website with more than 150,000 properties around the world, ranging from international chains and all-inclusive resorts to local favourites and bed & breakfasts, together with all the information needed to book the perfect stay. Hotels.com is part of Expedia, Inc., the world's largest online travel company.