London hotels begin Olympic price hike: FT
Tuesday 15 March 2011
Hotels in London have begun raising their room prices for next year's Olympic Games, with one establishment hiking up their tariffs fivefold, the Financial Times reported Monday.
One four-star hotel quoted an unnamed wholesale trip operator 1,100 pounds (1,1750 dollars, 1,150 euros) for a room which would normally be charged at 200 pounds, the paper claimed.
On top of the rate increase, many hotels are implementing harsh conditions on room reservations, including in one instance a 100 percent cancellation fee over the period of the Games, according to the FT.
"Hotels appear to be gripped by a frenzy of greed," said Mario Bodini, general secretary of tour business trade body, UKinbound.
The 2012 Olympics will run from July 27 till August 12, with the Paralympics to follow.
The Independent travel offers: Discover a world of inspiring destinations
Diving in at the deep end is no excuse for shirking the style stakes
Hashima: Among the ruins on Japan's Battleship Island, the place that time forgot
The 50 Best spas
A commuter is getting revenge on First Capital Connect by Photoshopping its CEO's face every time his train is delayed
Simon Calder: Heathrow's Terminal 2, barely powered up and it's unfit for the job
The 10 Best flea markets
- 1 Why I'm on the brink of burning my Israeli passport
- 2 War is war: Why I stand with Israel
- 3 L'Oreal cuts ties with Belgium supporter Axelle Despiegelaere after hunting trip photographs
- 4 World Cup 2014: Robin van Persie appears to give his bronze medal to eccentric Netherlands fan moments after being handed it by Sepp Blatter
- 5 Iraq crisis: How Saudi Arabia helped Isis take over the north of the country
Sustained immigration has not harmed Britons' employment, say government advisers
War is war: Why I stand with Israel
7/7 memorial defaced on anniversary of 2005 attacks with ‘Blair lied thousands died’ graffiti
Australia facing international condemnation after turning around Sri Lankans at sea
Even when it brutalises one of its own teenage citizens, America is helpless against Israel
Socialist Worker called to apologise over ‘vile’ article saying Eton schoolboy Horatio Chapple's death is ‘reason to save the polar bears’
£45-£55k OTE £75k : Charter Selection: Major London International Fashion and ...
Voluntary, reasonable expenses reimbursed: Reach Volunteering: Are you keen on...
£33000 - £45000 per annum + 8% Bonus, pension: Deerfoot IT Resources Limited: ...
£30K- £40K pa + Commision £10K + Benefits: Charter Selection: Rapidly expandin...