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5 Star Hotels of London are Fighting for the Clients

London’s elite hotels are standing such a high competition that soon one will be able to stay in a 5 star hotel at a cheaper rate than in the budget 3 and 2 star hotels. Analytics think that such a weird situation occurred due to increasingly fast drop of demand for expensive hotels while the mid rate hotels are gaining higher and higher profits.

Guardian newspaper experts calculated the cost of the night in London’s hotels and found out that a room for two breakfast included would cost 115 Euro at Traveloge hotel which is considered to be inexpensive, while Grange Holborn 5 star hotel which is only five minutes away will allow you to enjoy a huge swimming pool, sauna, gym for as little as 97 Euro. One can stay comparatively cheap at such hotels as Westbury (129 Euro per night), Waldorf (146 Euro per night), Landmark (158 Euro).

All in all five star hotels of London reduced their prices by twenty four percent. Experts admit that Kappenhagen effect may again take place but this time in London. In Kappenhagen the race for reducing prices saved expensive hotels from bankruptcy at hard economic times. However many of the hotels as a result of cost reductions turned into 3 star hotels…