Newwest Special Projects has cancelled the charter of a cruise ship supposed to be used as a floating hotel during the 2010 Winter Olympics in Vancouver this month.

The Canadian travel company said it has called off the chartering of 1,100-room Norwegian Star luxury liner, which was supposed to leave Los Angeles this week and arrive at Burrard Inlet on 10 February.

The ship was supposed to stay at the Kinder Morgan industrial dock in North Vancouver until 2 March, the Edmonton-based company said.

Poor bookings are believed to have led organisers to cancel the plan.

Initial prices for cabins in the cruise were $1,300 a night, which were reduced to $500 and then fell further to $275.