"FIFA has cancelled a slew of hotel reservations ahead of the World Cup, freeing up rooms for fans hoping to attend the games this summer. While it's not known exactly how many rooms have been released by the organization, several hotels have been affected by the cancellations in the downtown core."
"Reservation releases are a normal thing before major events as organizations book more rooms than needed for athletes, sponsors and important guests in advance. Costs for hotel rooms depend on the demand, location and the scale of the hotel."
"Smith says he's hopeful the cancellations will see some affordably priced rooms released, especially in the mid-tier hotel market. He says the industry will have a better projection in about a month with room availability."
FIFA has cancelled a significant number of hotel reservations in Toronto, freeing up rooms for fans attending the World Cup. The exact number of released rooms is unclear, but several downtown hotels have been affected. Similar cancellations occurred in Vancouver, totaling around 15,000 rooms. Reservation releases are common before major events as organizations overbook for athletes and sponsors. The impact on hotel pricing remains uncertain, with advice to book quickly or risk higher last-minute prices. There is hope for more affordable mid-tier hotel options as cancellations continue.
Read at www.cbc.ca
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