Thomas Cook plans to offload Olympics tickets at bargain prices


Thomas Cook plans to offload Olympics tickets at bargain pricesGetty

Holiday company Thomas Cook is expected to flog leftover Olympic tickets at bargain prices after their £6,500 corporate packages failed to sell.

The Daily Mail reports that the expensive package deals were designed to appeal to business clients with five-star hotels and gourmet dinners included in the price.

However, almost a quarter of the 300,000 tickets remain unsold - so the company now intends to sell the leftovers as part of no-frills deals, starting at £99.

The cheaper deals are likely to include accommodation in budget hotels, with no catering and no extras.

Sam Weihagen, interim chief executive of Thomas Cook, told the Daily Mail: "UK corporations are less interested in buying our Olympics packages. Maybe their profits are stretched or they think they shouldn't be buying these. We're transferring a lot of them to regular customers and there is huge demand."

Thomas Cook is one of the official tour operators for London 2012, and finance experts say that poor sales could cost them up to £10million.

The company is already struggling: it recently announced that it had lost £713million before tax in the six months up to March 31.

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