London considering “floating hotels” to accommodate visitors to 2012 Olympics

Although London is expecting close to 5.5 million visitors for the 2012 Olympics, the city only has around 120,000 hotel rooms. Given these numbers, Olympics organizers are considering setting up floating hotels – “flotels” or “floatels” – on the River Thames for the duration of the three-week event.

Organizers are considering inviting up to three cruise ships to dock about three miles from the Olympic Park in Stratford in order to cope with the high demand for hotel rooms. London also plans to lease docking berths to yacht owners for £150,000. Of course, this is a fantastic way for the city to make money during the games, but does not solve the problem for average spectators who wish to find a room at a reasonable rate. The Daily Mail estimates that visitors to London during the Olympics can expect a tenfold increase in the regular accommodations rates. No word yet on rates for a floating hotel room, but you can probably expect your bank account to be stripped of a substantial amount of gold, silver, and bronze.

[Photo credit: Flickr user robmcm]