Tomorrow (October 31) at noon Greenwich Time (7 a.m. ET), the Hoxton Hotel in London will put 1,000 rooms on sale—500 rooms will be available at £1 (or $1.64) and 500 will be at £29 ($47.52). The sale covers the period November 1, 2008, to January 31, 2009.
Regular room rates at the Hoxton start at £59 ($96.81), so even though everyone really wants the £1 room, the £29 rate still represents a substantial savings. That means there will be a lot of people trying to get rooms, so you'll have to type fast on the reservations page.
Each person can only book one room for one night, but still, if you manage to snag a London hotel room for under $2, the rest of your trip to the expensive city will feel a lot more manageable.
If you aren't planning to be in London during that period, just remember this for the future: The Hoxton runs this sale every few months.
Fun fact: The Hoxton is owned by Sinclair Beecham, cofounder of Pret A Manger, a British sandwich-shop chain that now has outlets in New York City and Hong Kong.
EARLIER FROM BUDGET TRAVEL