London Hotel Prices down a further 17% during Olympics
With tomorrow bringing the Opening Ceremony of the 2012 Olympic Games, hoteliers in London have slashed their prices by a further 17%. With 30% availability still remaining, head to www.trivago.co.uk to secure a last minute deal. For those wanting to enjoy the Olympic festivities without the stress, our top tip is to book after the Games, when prices are down 35% and availability is 55%.
Prices down
Hotel prices during the Olympic period (27th July to 12th August) have decreased by 17% in the past three weeks, down from an average of £242 per night to just £201. This suggests that hoteliers still have availability, perhaps which they originally held back, and are eager to fill those remaining hotel rooms.
Decrease in availability
Hotel availability in London during the Olympic period has dropped by 6% in the last ten days, showing that visitors are still last minute booking hotel rooms. With current availability at 30%, there is still plenty of opportunity to take advantage of the last minute price decreases.
Book after the Games
Whilst the average hotel price for one night in London during the Olympics is £201, the average for the weeks before and after the Games is just £130 – a huge 35% cheaper. Following the Closing Ceremony, hotel prices drop overnight by an average of £71.
In addition to this, London hotel searches are up 30% in the week following the Olympics, showing that more people are looking for accommodation after the Games. It is likely visitors are keen to absorb the Olympic atmosphere without the inflated hotel prices – even with the last minute decreases, prices are still 9% more than this time last year, when the average was £185. With 55% availability in London hotels for the week following the Olympics, this might be the ideal opportunity to join in the celebrations at a cheaper price.
Travellers find the ideal hotel for the best rate on www.trivago.co.uk. The online metasearch service compares hotel rates from over 500,000 hotels on over 100 booking sites worldwide. In addition, trivago has integrated over 34 million hotel reviews and shows the overall rating for each hotel. trivago does not just compare the prices of online hotel booking sites, but also the ratings. trivago is the first “Freestyle” metasearch engine by which travellers are able to search by holiday region, city or hotel name. With its headquarters based in Düsseldorf, Germany, trivago was founded in 2005 and currently operates 30 international country platforms.