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Save on London attractions and save London hotels
Published: Tuesday 29th of September 2009
Hoteliers in London have survived the recession by replacing business travellers with leisure travellers visiting the city to take in London sights, according to PricewaterhouseCoopers (PwC).
Figures from Tri Hospitality Consulting reported that London hoteliers have seen average room rates decline by 7.3 per cent in the current month, compared to 13.1 per cent in July.
Liz Hall, head of hospitality and leisure research at PwC, said that trading was still bad for hotels but the trend of "staycations" - people visiting and staying in the city to visit London attractions - has helped stop a bad situation getting worse.
"They are still some of the worst trading conditions for around 30 years overall. But averages hide a lot of contrasts and its quite complex this time. London and a few regional cities with more universal appeal have benefited," she added.
Ms Hall also said that the "foreign exchange factor" (the decline in value of the British pound) has helped to attract overseas visitors to England's capital.
Posted by Kevin Smith.
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