Industry Update
Press Release23 January 2012

London 2012 Olympics – Hotel Market Update

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TravelClick, Inc.

With the London 2012 Olympic year upon us, TravelClick, the leading hotel market intelligence provider, is using its forward-looking data to provide regular updates of how the London hotel market is performing in terms of demand and rates.

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With fewer than 200 days before the opening ceremony, the market is looking optimistic for both hoteliers and visitors. At this time, committed occupancy for London hotels is currently at 45.7%, which while up more than 300% on the same period in 2011, also means that there is still availability for anyone planning to visit London during the games and for hoteliers to capitalize over the two week period.

Committed occupancy across the entire period of the games is fairly consistent with the busiest night during the two week period for London's hoteliers currently showing as that of the opening ceremony (27 July) which is at 46.9% committed occupancy, a 443% rise on the same date in 2011. The average daily rate is up an average 118.2% year-over-year over the 16 day period between the opening and closing ceremonies.

Next update due April 2012 – for any data you require in the meantime please contact Stacey Stockwell or Victoria Savill on 020 8237 1210 or [email protected].

About TravelClick, an Amadeus Company

TravelClick offers innovative, cloud-based and data-driven solutions for hotels around the globe to maximize revenue. TravelClick enables over 38,000 hoteliers to drive better business decisions and know, acquire, convert and retain guests. The Company"s interconnected suite of solutions includes Business Intelligence, Reservations & Booking Engine, Media, Web & Video and Guest Management. As a trusted hotel partner with more than 30 years of industry experience, TravelClick operates in 176 countries, with local experts in 39 countries and 14 offices in New York, Atlanta, Bucharest, Chicago, Barcelona, Dubai, Hong Kong, Melbourne, Myrtle Beach, Orlando, Ottawa, Paris, Shanghai and Singapore. Additionally, the Company fosters more than 600 travel-focused partnerships for hotels to leverage. Follow TravelClick on Facebook, Twitter and LinkedIn.­­

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Lauren Holmes
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