There's room at inn for Olympics — but it'll costReported by SeattlePI.com on Tuesday, 8 May 2012 (on May 8, 2012)
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There's room at inn for Olympics — but it'll cost
Associated Press
Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Updated 06:35 a.m., Tuesday, May 8, 2012
LONDON (AP) — It's months before athletes hit the Olympic track, but time is running out for those in another fierce competition: A limited hotel supply and unprecedented demand from almost a million tourists, media and businesspeople tied to the London Games means that accommodation in the British capital — never a bargain to start with — is more expensive than ever this summer. Vacation rental agencies and websites have reported a massive boom in business, with many homeowners planning to stay with friends or go abroad so they can rent out their homes. London tourism officials expect about 900,000 Olympics-related visitors — including athletes, their families, staff, journalists, and tourists — to London this summer, all needing a bed. Even with many new hotels springing up all over the capital, there are only about 110,000 hotel rooms in the London area — and almost a third of those have been allocated to Olympic personnel. Tourism officials have brushed off the shortage, insisting that London has more rooms and a bigger range of sleeping options than any other Olympic host city has been able to offer. A recent survey by London-based international booking website Hotels.com suggested that the average London hotel room rate has doubled for the Olympic period compared to last year, but it's clear in many cases the jump is much steeper.
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