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London hotels ‘pricing themselves out of market’

8 June 2012

Bookings at London hotels for the Olympic period are down by around a third on last summer, with travellers being put off by high prices, a British travel agent said this week, dampening hopes that the Games will help to revive Britain’s economy.

The travel agent said a four-star hotel room in central London is normally priced between 80 pounds and 120 pounds per night during in the peak summer season, but this year the range is 200 pounds to 415 pounds.

source: Reuters

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