Hotel prices rise 26% during London 2012 Olympics

The average price of a hotel in London has risen by 26 per cent compared to July 2011. One night in the capital will cost an average of £210, which is £114 more than the average price of a hotel in the rest of Europe (£96). While hotel prices in the UK and Ireland are up, prices are simultaneously dropping across the rest of Europe and overnight accommodation is on average £10 cheaper compared to June. These are the findings of the trivago Hotel Price Index (tHPI) reported monthly by www.trivago.co.uk.

Hotel prices in London have risen 26 per cent compared to July 2011, from an average of £185 per night to an average of £210. During the period of the Olympic Games (July 27-August 12), hotel prices have increased by a further 16 per cent to an average of £242. Overnight accommodation in London during the Olympics is 46 per cent more expensive compared to July 2011 and 75 per cent more expensive than August 2011. The most expensive day to book a hotel during the Olympic Games is July 28 (£251 on average) and the cheapest day is August 12 (£226).

The July Hotel Price Index shows a rapid increase in London prices compared to the previous month: a London hotel room in June costs an average of just £182 (£28 less than the July average). Excluding the week of the Olympic Games, hotel prices in London have been gradually increasing since January at an average of eight per cent (£13) per month. The average room currently costs £210, which is a huge £75 (56 per cent) more than January.

Caribbean News Digital