More than 120,000 places reserved in hotels by Olympics organisers for workers, sponsors and the media during the Games will not be needed, it has emerged.
The London Organising Committee of the Olympic Games and Paralympic Games (Locog) confirmed that around 20% of the room nights they had booked would now be returned to the hotels for them to offer up to other customers.
As part of the bid to stage the 2012 Games, agreements had been struck with hotels to provide more than 40,000 rooms, representing more than 600,000 room nights during the period. Part of the deal was that the committee promised to return any unwanted rooms back to the hotels so they could sell them in time for Games.
The rooms, at more than 200 hotels, range from five-star to budget accommodation.
source: Press Association