London 2012 Olympics Tickets and Tours: Hotel Rates May Double During Olympics

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He won't see a windfall during London 2012.

When demand far exceeds supply, prices spiral out of control. We've seen it happen during the Tour de France (http://www.tdf-tours.com/) and Running of the Bulls (http://www.pamplona-spain.com/). London's Olympic Games won't be any different.

Hotel prices across London may more than double during the London 2012 Olympics, according to market intelligence company Rubicon. However, while hoteliers can expect bumper profits during the course of the Games with demand for the city's 120,000 hotel rooms reaching a high, they could risk losing out in the long term with corporate business expected to plunge by up to 80% over the whole summer period. Traditional package business from overseas visitors is also expected to fall over the summer with tour operators fearing they may be priced out of the market. Rubicon has based its predictions on evidence gathered from Vancouver earlier this year, during the four months around the winter Olympic Games.

Rubicon managing director for Europe Andy Storey said the study shows that hotels should be mindful of losing the revenue they make during the Olympic Games. "Generally hotel owners fail to put enough attention on the shoulder seasons either side of sporting events, and this is what causes them to do worse than in normal years. "It is no surprise that hotels will be busy during the event itself, but London properties should heed warnings and set pricing and market accordingly." Meanwhile, Rubicon believes towns within an easy commute of central London could be the winners during the Olympics, with business travellers and tourists forced to head further afield to find reasonably priced hotel rooms.

Spyns is an active travel company based in Whistler, BC (Canada). For more information about Spyns and our tours to the 2012 London Summer Olympics, please visit our websites http://www.london2012-tours.com/ and http://www.london-tours-2012.com or call us toll-free at 1.888.825.4720.

London 2012 Olympics Tickets and Tours: Budget Cuts to Affect Games?

Where there's smoke, there's fire.

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What will be the fate of the London 2012 Olympic games when the Cameron government announces its cuts on October 20?

Sport and Olympics Minister Hugh Robertson told insidethegames he is ready to face impending cuts to his budget, with D-Day approaching in less than three weeks. The Government is set to announce huge expenditure cuts to practically all departments as part of a major spending review on October 20 - with sport in Britain almost certain to face a 30 to 40 per cent reduction in its annual budget.


However, Robertson said he is braced for the worst and has plans in place to help sport through what is set to be an extremely difficult time. Robertson told insidethegames: “It is my absolute intention to protect the funding for athletes and to make sure that all sports have their plans to increase participation up and running. "Any money we have left over will go directly towards the London 2012 legacies we are planning.


"We know what we want to do but obviously we’re not going to release the exact details until we know for sure how much money we’ve got to play with. Sport is one of those things that could almost absorb an incontestable amount of money. You could triple the budget and I could do all sorts of wonderful things, like ensure everyone going through the British education system has full opportunities to participate in every single sport. That would be fantastic but it’s completely unrealistic as we’ve inherited a horrible situation which means that cuts simply have to happen. The fact is I’m going to do my utmost to protect sport regardless of what the financial settlement is on October 20."
Robertson also gave his full support to Jeremy Hunt, the Secretary of State for Culture, Olympics, Media and Sport, claiming he is fighting hard to secure sport the best possible settlement when the cuts are made. He said: "To be fair to him, Jeremy is doing everything he can to protect the DCMS (Department of Culture, Media and Sport) budget and treat all sectors of it equally. "I know first-hand from being in all of the meetings with him that he is doing everything he possibly can to protect both the DCMS budget and the Olympics budget to the best of his abilities. Clearly though, I am the person inside Government who speaks up for sport and tries to defend it. Once we know what the settlement is, I am determined that we don’t just ‘salami slice’ the top off everything we are funding as I want us to actually sit down and look carefully at what is working well and what isn’t. I obviously want us to carry on doing the things we are doing well. That’s going to mean full funding and fully backing projects that function well and probably cutting out a number of things that don’t function well. I’m determined we don’t simply bumble along as we are, doing everything as we are now, but just rather less well than we have in the past because of the funding cuts."

Spyns is an active travel company based in Whistler, BC (Canada). For more information about Spyns and our tours to the 2012 London Summer Olympics, please visit our websites http://www.london2012-tours.com/ http://www.london-tours-2012.com/ or call us toll-free at 1.888.825.4720.