London hotels raise prices as demand soars before Queen’s funeral

theguardian.com:

Accommodation bookings in London have increased as people from elsewhere in the UK and around the world make plans to head to the capital for the Queen’s funeral, with some hotels apparently raising their prices by more than 300%.

Hotels ranging from budget to high-end have reported an increase in custom, with one travel expert saying that demand to stay in the capital is at its highest since the 2012 Olympics.

Amid the clamour for somewhere to stay, whether from individual mourners keen to pay their respects or foreign delegations trying to secure a group booking, some operators appear to have raised their prices substantially.

Several hundred thousand people are expected to travel to the capital from Wednesday to pay respects to the late monarch as she lies in state for four days before her funeral on Monday.

When the Guardian looked on Booking.com on Monday, the luxury hotel ME London on the Strand was charging a total of £5,028 for two nights – Sunday 18 and Monday 19 September – in a “Mode” room for two people. A Mode room booked for a week later – Sunday 25 and Monday 26 September – would cost £1,148.

There were also some big price differentials at the budget chain Travelodge. For example, the same two nights at its London Central Elephant and Castle hotel were priced at “from £439.98” when the Guardian looked on Monday. The quoted price for 25-26 September was “from £159.98”.

Meanwhile, an analysis by the PA news agency found that hotel prices were up to four times higher on the Sunday night before the funeral compared with a week later.

It said that the cheapest room at Park Plaza County Hall London – one of the closest hotels to Westminster Abbey – on Sunday night would cost £1,299, compared with £269 seven days later.