UK's tourism industry losing billions due to Olympic GamesJan 30, 2:42 pm
London, Jan 30(ANI): Britain's tourism industry is set to lose billions as organizers of the London 2012 Olympic Games have been accused of scaring off visitors through a damaging rise in hotel rates.The organizing committee for the London 2012 Games, LOCOG, revealed yesterday that it had puffed up the number of rooms required by a quarter for media, officials and sponsors visiting the city during the games.LOCOG has now returned back 120,000 of the total 600,000 nights booked for the sporting event.The extensive reservation of rooms in premature preparation for the Games has led to a rise in hotel rates across the capital, which is the major reason behind many regular tourists turning their head towards other cities. The hotel rates have roughly tripled in London during the Olympics, The Independent reports.Various tour operators last night cautioned that a sudden barrage of vacant rooms would be too late to increase the number of visitors. An analysis puts forward that up to one million beds will now go unsold over the Olympic period, which would eventually hit hoteliers and others working in the tourism industry. One of the trade associations has predicted that the income could slouch up to 3.5 billion pounds during July and August. Premium Tours, a leading sightseeing operator based in London, expects business to decline by one-third this year. "Prices have been so high that tourists are moving elsewhere. Overseas wholesalers who traditionally push London have switched to other cities this year. If the Parisian and Italian hoteliers do their job then the tours may never return to London," said Neil Wootton, the managing director.There is a strong likelihood that London's hotels will be less that eighty percent full and would leave around one million empty beds during the Olympic games.Mostly in July and August of a regular year, the occupancy stays around 90 percent in London's hotels. (ANI)
Jean Todt unanimously re-elected as FIA president Dec 7, 10:27 am
London, Dec 7 (ANI): Jean Todt was unanimously re-elected as president of Formula One's world governing body by the FIA general assembly on Friday, according to reports.Full Story »
Haddin calls facing 'fiery' Johnson in nets 'hardest part of his week' Dec 7, 10:22 am
Sydney, Dec 7 (ANI): Australian vice-captain Brad Haddin has said that his worst part of the week is the seven minutes he has to face Mitchell Johnson in his nets and no matter what wicket one plays on, pace is always handy.Full Story »
Cairns confirms 'still intends to appear' in boxing match with Doull despite 'fixing' row Dec 7, 10:22 am
Wellington, Dec 7 (ANI): Tainted New Zealand cricketer Chris Cairns last night confirmed he still intends to appear in the Fight For Life charity boxing extravaganza in Auckland next Saturday night where he is scheduled to fight fellow former Black Cap and commentator Simon Doull, according to reports.Full Story »
Haddin reveals 'daughter's battle against cancer' helped him play better in Ashes Dec 7, 10:01 am
Sydney, Dec 7 (ANI): Brad Haddin has credited his second coming as an Australian cricketer to the perspective offered by his daughter's battle against cancer, according to reports.Full Story »
- Afghanistan eyeing upset win in 'historic' Pak T20 game
- Barcelona survive early scare in Copa del Rey, Juventus stroll on in Serie A
- Woods fires 62 to take lead in Northwestern Mutual World Challenge
- Bravo reveals Lara 'told him to go out, make name for himself' after first day of Kiwi Test
- Haddin hails Clarke as 'best batsman in world' after 'stylish' Ashes century
- Woods describes meeting Mandela in 1998 as 'most inspiring time'
- De Kock's 'explosive batting' leaves De Villiers with Smith 'selection conundrum'
- Garcia grabs lead after weather-delayed Nedbank Golf Challenge first round
- Duminy says will be 'stupid' to write off India despite 'imposing' first ODI win
- Spain, Holland in 2014 Brazil World Cup 'group of death'
TOP VIDEO STORIES