More than half the general managers in London believe winning the Olympic bid would improve hotel standards in the capital, but might lead to oversupply, a survey has revealed.
However, according to the survey by property surveyors Christie & Co, their counterparts in Paris were pessimistic in comparison, with only 17% expecting hotel standards to rise if Paris won the bid.
Simon Hudspeth, head of consultancy for Christie's European hotel advisory operations, said oversupply was a concern. "London is a big market, so it could absorb a responsible oversupply," he said.
London and Madrid's general managers were also unfazed by the prospect of finding more staff during the Games, with the majority predicting it wouldn't cause any additional problems.
Christie's survey also found that almost all respondents from London, Madrid and Paris were in favour of hosting the Games.
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