Massive fall in London hotel bookings

Nov 23rd, 2008 | By | Category: London Hotels

Several reports are forecasting a serious decline in London hotel bookings for 2009.

With falling room rates and a decline in both business and leisure travel, revenue will shrink by a projected 25% but this could be even higher if the economy continues in its current downwards spiral.

Room rates in London have for some years been the subject of some critisism for being far too high in relation to the standards and facilities offered.  Of particular discussion is the 3 star market which has cashed in on the overseas visitor expecting quite good standards only to find its not clean or up to date and grossly overpriced. 

In my experience, I would prefer to stay at a paris 2 star hotel rather than an Earls Court “3″ star.  Of course there are notable exceptions i.e. the Ibis Earls Court, but in general too many independant tourist class hotels are owned by investors looking primarily for a property profit or in some cases just a greedy profit and are not concerned at the clients lack of satisfaction.  I have in recent weeks seen one tourist class hotel in Kensington charging £179 a night for the first weekend in December –  now that is greed.

If you are looking to book a  hotel in London research it carefully.  Many 4 star hotels are now competing with the 3 star market pound for pound so check these out before you make a decision.  Who knows, you may get a 5 star hotel bargain, I have seen one in the West End back at sub £100 at the weekend – now thats value for money !

Make the most of this price correction because once the depression is over these hotels will increase their prices even higher than before !

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