Tourists stay away due to Olympic prices

The video discusses the economic impact of the Olympics on London and beyond. While the event attracts many visitors, high prices and logistical challenges deter others. Businesses outside London, like those in North Norfolk, face difficulties due to flight issues and perceptions. Hotel prices surge, affecting tourism in places like Cambridge. Tour operators report a decline in bookings, with demand shifting to other European countries. The displacement effect is noted, where regular visitors avoid host cities during the Olympics. Predictions of economic benefits fall short, leaving many businesses struggling.

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