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London (City)

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.

Key information

18.6 millions Number of international visitors in 2015
90,162 rooms Corporate operated chain supply as of 01/01/2017 (rooms)
84.1 % Occupancy rate in 2016
138.5 £ Average daily rates VAT incl. in 2016 (£)
116.5 $ RevPAR VAT incl. in 2016 (£)

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