London hotels drop prices to keep visitors coming in wake of Olympics



Tags:
London hotels drop prices to keep visitors coming in wake of Olympics

London hotels have cut room rates in the last year and seen a hefty boost to business over the same period.

Hotel room rates covered in a survey by business advisory company BDO LLP were two per cent lower in June 2013 compared to June 2012, while room occupancy rose by 6.3% from 82.6% to 87.9%.

"This is a strong performance in London," said Robert Barnard of BDO LLP.

"Operators are skilfully using selective price discounting to contribute to top line growth at a time when the operating environment is beginning to show signs of improvement."

Those price-discounts from London hotels are likely to continue as the after-effects of last year's Olympics continue to be felt.

"London’s performance may suffer from unfavourable comparisons with last year’s Olympics-inspired success, but the city’s fundamentals are likely to remain sound for the remainder of 2013,” added Barnard.




See Also

Paris Hilton. Copyright LondonNet LimitedEntertainment - Latest gossip and stories from the world of celebs...
Restaurants
Dining - Find and book a special meal at one of our many restaurants...
London Accommodations
Accommodations - Hotels, apartments, budget options...
Clubs
Clubs - Find out which nights are your nights for clubbing...
Art
Arts - What's on at London's galleries, and buy tickets...
London Cinemas
Cinema - All you need to know about the latest movies...
Shopping in LondonFashion - What's hot on the high street and cool underground...
Music
Music - Gigs, album reviews, interviews and more...