Easy hotel, Airbnb, Yotel offer the cheapest stay in London
What are the cheapest hotels in London? Well, there is no clear answer to this question, as there are many factors that influence short stay accommodation in the UK’s capital. However, we take those market players who target the most cost-sensitive customers base; we will include three biggest economy options: Easy hotel, Airbnb, and Yotel. London is one of the largest cities in the world and is a host to thousands of visitors. Being at the heart of the UK, the cost of accommodation and hospitality is a little high. However, this should not be a hindrance for visitors since a number of hotel chains are also providing affordable accommodation and other hospitality based products. A series of discount hotels around London provide customised five-star services to customers at low rates. This paper is based on an analysis of two discount hotels, Easy hotel, Yotel, and Airbnb services. In particular, this paper provides a summary of the history of the hotels, the services that they provide their pricing, location, and other relevant information.
How to find Easy Hotel in London?
Easy hotel was established in the year 2004 as a high budget hotel. The first opening was the South Kensington in London in the year 2005 (EasyHotel.com, n.d). The business founder was Sir Stelios Haji-Ioannou the promoter behind the easyjet. The company’s shares were introduced to the London Stock Exchange in the year 2000 providing capital for the diversification of the business venture (EasyHotel.com, n.d) Easy hotel offers high class, safe, and classy accommodation to the customers. The hotel boasts of the shift from the traditional bed and breakfast to the modern middle-class accommodation at a low cost. Easy hotel charges its customers from £19.99, but the pricing depends on the location (EasyHotel.com, n.d). For instance, In Croydon Town Centre the price starts at £19.99, in Heathrow the price start from £26.00, while in Old street the price begins from £44.99 (EasyHotel.com n.d). The hotel has over thirty branches located in the old street Birmingham, Manchester, Liverpool, New Castle, Barcelona, Nice in France, Leeds, Sheffield, and Glasgow. Further, the hotel has franchises in Belgium, Bulgaria, Germany, Hungary, UAE, Netherlands, and UK. Eight hotels are located within London in the capital doorsteps. The hotel receives more than ten million visitors in a year (EasyHotel.com, n.d).
Yotel – an affordable luxury!
The Yotel chain of hotels was established in the year 2007 in London, where one hotel was opened at Gatwick before having the Heathrow branch (Beaumanis, 2014). Since then, the hotel has continued to establish itself even in the international market. Notably, the firm established a branch at Amsterdam airport in the year 2009. In 2011, a hotel was opened at New York City at 570 10th Avenue (Beaumanis, 2014). In the year 2017, Yotel branch was opened in Boston. In the year 2018, the company engaged in partnership with plug and play Silicon Valley innovation to have start-up platforms for investors. The hotel provides accommodation and eateries to the visitors who enjoy the modern state of technology. Indeed, YOTEL provides robotic luggage handling services that have become a major attraction to the customers (Beaumanis, 2014). The robots are interactive with customers. Yotel Charges are as low as £ 60 for a single room accommodation. The average charges by Yotel are £ 65 for single bed accommodation and auxiliary services that they offer to the customers (Beaumanis, 2014). The hotel has branches in 15 locations including Heathrow airport, London Gatwick airport, Amsterdam, New York City, Boston, Singapore, San Francisco, Istanbul, Glasgow, Atlanta, and Edinburgh. Yotel is one of the best-discounted hotels in London and receives more than 2 million visitors annually (Beaumanis, 2014).
Airbnb in London
Airbnb was started in the year 2008 by three partners Brian Chesky, Joe Gebbia, and Nathan Blecharcyk (Oskam & Boswijk, 2016). The firm was launched as the first peer- to peer hospitality forms that specialised on offering unique accommodation to people who are travelling. The company was established as the founders were travelling and decided to rent their apartment so that they could make money for the trip. This was the conception of the idea that has been transformed into an international business. In the year 2009, the founders partnered with Y combinatory in order to expand their product offering (Oskam & Boswijk, 2016). After seeking more capital, the firm expanded, leading to the acquisition of Accoleo (Oskam & Boswijk, 2016). Currently; the firm is operating in about 191 countries and has rented rooms, homes, and castles that can accommodate people for longer (Oskam & Boswijk, 2016).
An overage price of a double room from Airbnb
Airbnb provides an interactive platform where the hosts can accommodate guests for a short term. The hosts are the owners of the houses who register with Airbnb where guests can request to be accommodated for specific dates at a certain price. Airbnb has no special pricing, but it varies depending on the nature of the accommodation (Oskam & Boswijk, 2016). For example, a double room at London can go as low as £ 45 but can be as high as £ 200 per night (Oskam & Boswijk, 2016). The price determination at Airbnb is influenced majorly by the rates that are charged by the host as well as the Airbnb’s commission. Customers often prefer Airbnb due to its the uniqueness its accommodation, diversity, as well as the flexibility in the price charged on the visitors. The company’s management is located at the San Francisco, California but has accommodations across the globe in over 191 countries. Airbnb records the largest number of visitors. In the last year, Airbnb accommodated more than 8.5 million visitors from different parts of the world (Oskam & Boswijk, 2016).
Nemo Hotel offers rooms at below £25 per night!
Among already established economy hotel chains in London, there is a new rising star called – Nemo Hotel. Nemo offers very basic but clean and comfortable accommodation across British capital. It has single, double rooms, and studio flats. The prices start below $30 (£25), and you can get a real deal if you stay for an extended period (7+ nights). Due to its aggressive discounting policy, this hotel became very popular among international students, young people, economy travellers, and migrant workers. Nemo has its well-designed website (nemo-hotel.com) and its booking system.
Louise P.