London hotels have upper hand on room prices
29 August 2012
Buyers of London hotel accommodation could find it difficult to get better deals this year, according analysts Deloitte.
Its latest monthly HotelBenchmark Survey, which provides yearly comparisons, found the London occupancy rate reached 77 per cent in 2004.
This is up 5 per cent on 2003 and close to the 80 per cent seen before the 9/11 attacks in the US.
Hotels could price their accommodation at what they need rather than what buyers will pay, said Marvin Rust, hospitality...