<p>Hotels and conference facilities are cutting prices and offering a large range of incentives in order to lure new customers during the credit crunch, it is reported.</p><p>DeVere Venues is putting up rooms for sale at £10 in 20 of its business-orientated hotels in the UK and a spokesperson tells the Scotsman that the initiative has been successful.</p><p>Other experts have said offering added extras, such as free golf on top of the room rate and a free video camcorder for visitors to record their break, is becoming a common trend.</p><p>"Both leisure and business tourism may be down but they have not fallen off a cliff yet. What hotels are doing instead is adding value," Colin Paton, chairman of the Edinburgh Principal Hotels Association, tells the newspaper.</p><p>Recently, it emerged that London is now cheaper than New York because of the weakness of the pound.</p><p>The Economist Intelligence Unit's Worldwide Cost of Living placed the capital 27th in its list, which is based on factors such as hotel costs and rental prices.<br/><img alt="ADNFCR-1753-ID-19075957-ADNFCR" src="http://feeds.directnews.co.uk/feedtrack/justcopyright.gif?feedid=1753&it..." /></p>

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