London hotels set for Olympics price spike | reuters.com

David Roche, president of Hotels.com which carried out the survey, told Reuters he would not be surprised if prices were pushed even higher, to a trebling of 2011 prices. "Hoteliers like to hold back inventory and drip-feed it in, testing price elasticity. It remains to be seen what fraction of inventory is available," he said. This can be a gamble -- at last year's royal wedding, says Roche, hotels got "caught red-handed" and ended up with...