Sir John Egan claims hotel prices threaten London's tourist trade
Thursday 29 May 1997
In a private letter sent to hoteliers in London, Sir John wrote: "I simply ask you, when setting prices, to recognise the danger that London faces of once again creating the perception of being expensive.
"I fully appreciate you have many needs to satisfy, including those of shareholders and employees, but the recent oversall outstaning success of London appears to be in jeopardy."
London hotel prices have continued to rise this year with supply still outstripping demand. A recently published survey by Arthur Andersen showed that the average London room rate was pounds 91.24 in 1996 up from pounds 80.49p in 1995 - a rise of 13.4 per cent.
The London Tourist Board calims that hotel room rates in the capital have soared by 31 per cent over the three years to the end of 1996, considerably above inflation of 9 per cent. Sir John also warned that, the continued appreciation of sterling meant that anticiapted room rates for this year in mark and franc terms would be 70 per cent above 1993 prices.
Research by the London Tourist Board found that tour operators were reporting London had dropped from being the most popular European city destination to the number three slot because of higher prices. London was rated as the second most expensive city in Europe for hotels, after Rome in the survey.
- 1 Disney heiress Abigail disowns her share of family profits in West Bank company
- 2 The secret report that helps Israel hide facts
- 3 'Women should not laugh in public,' says Turkey's Deputy Prime Minister in morality speech
- 4 Israel's propaganda machine is finally starting to misfire
- 5 HSBC closes bank accounts belonging to Muslim clients in the UK
A former custard factory, a Midlands bog and a Leeds cemetery all included in top 50 hidden spots in the UK
Sabina Altynbekova, the girl branded 'too good looking' for volleyball, says social media obsession with her is a 'bit much'
Disney heiress Abigail disowns her share of family profits in West Bank company
'Women should not laugh in public,' says Turkey's Deputy Prime Minister in morality speech
HSBC closes bank accounts belonging to Muslim clients in the UK
The secret report that helps Israel hide facts
Woman and two children killed by mob in riots over 'blasphemous' Facebook post in Pakistan
A day in the life of Vladimir Putin: The dictator in his labyrinth
Putin is 'thuggish, dishonest and reckless', says British ambassador to US
Richard Dawkins tweets: 'Date rape is bad, stranger rape is worse'
Boozy, ignorant, intolerant, but very polite – Britain as others see us
- < Previous
- Next >
iJobs Money & Business
£600 - £700 per day + competitive: Orgtel: Senior Investment Accounting Change...
£450 - £650 per day + competitive: Orgtel: My client, a leading bank, is curre...
£350 - £400 per day + competitive: Orgtel: Senior Analyst, ALM Data, Halifax, ...
£500 - £600 per day: Orgtel: Java developer - Banking - London - Up to £600/d...