The London hotel development market is leading Europe in 2020, according to a new report, with West London the fastest growing part of the capital in the last year.
HotelNewsNow has released a report on the pipeline of rooms for 2020 across Europe’s major cities. London tops the list with 8,465 rooms in 76 properties. The closest competitor has less than half the pipeline that London does, Dublin clocks in with just 3,232 rooms in 27 properties.
London’s hotel market is often described as the world’s best, with occupancy across the city typically well above 80%, and in certain key area – like around Heathrow for example – significantly higher than that. London’s continued dominance is not new, delivery has averaged well over 3,000 new rooms per year since 2010. That trend looks set to remain the same, with London likely to stay number one for some time.
West London is the hottest part of the capital hotel market. Its location between the City and Heathrow gives it an innate advantage borne out by recent development. According to Knight Frank, since the start of 2018, nine new hotels will have opened and five existing hotels expanded, resulting in more than 3,100 new rooms opening, equating to 24% growth in supply.
Pictured: The Hoxton Hotel on Shepherds Bush Green, for which plans were approved in 2019.