London’s hotel activity is driven by its strong economic dynamic, mainly related to its role as a global financial centre.
In 2015, the British capital city welcomed 18.6 million international visitors who spent £11.9 billion in the city. Even if the number of international arrivals decreased in 2016 (-0.8% over the first 9 months), London still accounts for 54% of the country’s tourism revenue and 40% of overnights spent in the UK.
Throughout the year, Heathrow Airport welcomed 75.7 million passengers; 66% were tourists and 34% business travellers. It shall be noted that a new runway at Heathrow and a £344 million investment project at London City Airport have been approved by the government at the end of 2016. These projects will foster the long-term growth of international arrivals in London, now constrained by the congestion of its airports.
As of January 1, 2017, chain supply in the Greater London is above 90,000 rooms.
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