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London’s palaces, an exponential market about to slump?

9 min reading time

Published on 11/06/19 - Updated on 23/10/24

With the official visit of the American president Donald Trump that just came to an end and the resignation of Prime Minister Theresa May taking effect, the world is focused on the British capital. The time is right to point out that London harbours many wonders despite the cloud of Brexit. Among its treasures are the luxurious addresses that welcome stars and celebrities every year, palaces with legendary names as well as others whose reputation remains to be built. The luxury market is progressing well in the British capital, with growth proving to be increasingly dynamic from one year to the next. The arrival of new players blurs the contours of this well-established secular hotel business, and brings a new lease of life to this fleet, which is partly century-old.

A growing offer in recent years In general, London's hotel industry has experienced very strong growth in recent years. Between 2008 and 2017, 874 additional hotels appeared: a 147% increase! The customer base more than doubled, from 594 hotels (all segments combined) in 2008 to 1,468 in 2017. Two...

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