Credit Crunch! Are there negative effects on London hotels

London is not only a business centre; it is also a very vibrant city. Each person who visits London his his purpose of visit. Some London Visitors come to the city to do business and some are also visit to do some sightseeing. There are a lot of popular tourists’ attractions. The Bucking ham palace, the Trafalgar Square and the London Eye are very popular with London tourist.There are others who also who cannot resist shopping in the great Capital. There is a high concentration of shops on the Oxford Street, Regent Street, Bond Street which are some of Europe’s famous shopping street.

Every industry is now worried of the negative effects of the credit crunch which has become a worldwide concern. The recession is causing a lot of redundancies in business establishments and many businesses are closing down. Retrenchment is seen her and there. According to experts, the credit crunch will be around for sometime. The credit crunch has not yet negatively affected one particular industry. The subject is Hotel industry. Has the current economic situation affected the London hotel industry? Research has only been on the bed and breakfast and hotels industry in London for this article.

From my research, The London hotel industry does not seem to be affected by the credit crunch. We have worked with many hotels in London for a long time. We have dealt with small hotels and big hotels. There has not been a slow down since I started my research. Hotels to date continue to be busy.

Hotels within our portal have their login details to log on and close out dates they are already full or dates the anticipate to be full up. One will be perplexed to hear that, hotels still fill up during weekdays and weekends despite the credit crunch
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Hotels in London were very busy from April to July in 2008. We find it even difficult, as agents, to get rooms for our clients who have found our web sites and have made enquiries by email or phone to book hotel rooms. Some hotels have already closed out for some future dates due to over booking for those date in London. Even at certain times, some of the hotels become overbooked and have to book out some of their guests to other hotels. Due to the fact that hotels have logged on to our real time system to close out dates, we are not able to get rooms booked for our clients.

The London hotel industry has still not experienced negative effect of the credit crunch. Travellers are still coming to London possible because the pound has become week in their eyes and the get more when they exchange for the pound. They also can buy more when they shop in London because things will look cheaper. At the same time, one will have to note that, the pound was not that cheap for the whole of last year. Is London so important and popular that people cannot prevent visiting despite the economic crisis.? The research will still be an ongoing one for some time. If there is crisis in the hotels industry in london travellers will gain from it in the form of lower hotel rates. This is because they will be guaranteed special London hotel offers, cheap London hotels accommodation and also cheap London bed and breakfast rates. The Tavistock hotel London is an example of such hotels.