Hotel prices for rooms in London for the period of the 2012 Olympic games are registering a slow fall, following a recent high peak.
Recent research by Hotels.com, an online travel company, suggested that average room rates have fallen by 5 percent in London, while on-line hotel searches have increased by around 50 percent for the 2012 Olympic period, as an expected rise in bookings is still yet to happen.
Alison Couper, the company global expert in online travel, said, ‘On top of that, searches for London on our Hotels.com UK site for the Olympic period for the last three months are currently running nearly 50 percent higher than last year. No doubt the inspiration created around the country by the torch relay has helped to stimulate this increased interest but the mood in the capital at the moment is exhilarating.
The average price in London currently stands at £202 but this masks that fact that there are rooms available in the city for much less than this, such as £50 a night in some instances, depending on the date of stay.
This is a once-in-a-lifetime opportunity to be part of this celebrated showcase of talent and there are some great deals and good availability to be had, particularly in west London. But falling prices and rising interest mean that the best rooms will be selling fast so don’t run the risk of waiting for bargain rates or you could miss out altogether.’
Rooms for the Olympics period, which were previously being offered at an average £210 per night, are currently being offered for £160 per night, according to the survey.