London hotel inventory to increase by 41% in 2020
The London Convention Bureau says that 7,995 hotel rooms across 65 new hotels will open in 2020, adding to 158,956 existing rooms.
This figure has risen from 3,222 in 2010, an increase of 41%.
Total additions to the London hotel market across 2019 and 2020 are expected to reach 121 hotels with 14,840 rooms, a record two-year period for increasing supply of hotel rooms.
As London continues to attract high levels of leisure and business travellers, hotel operators are catering for all audiences of meetings and events planners. Of the 14,840 new rooms opening this year and next, 10% are 5-star grade, 31% 4-star and 26% are budget hotels.
Significant new global investment in hotels and venues has also contributed to London topping CVENT’s European Meeting Destination rankings for the fifth year in a row. The rankings report highlights London’s wide and eclectic range of hotels and venues, with the UK capital providing meeting and events planners with more choice than any other major European MICE destination.
Compared to other European cities, London ranked highly for its variety of restaurants (1,416), meeting hotels (1,012) and total convention centre space (2,109,000 square meters)2.
A number of North American hotel brands have recently opened up or announced plans for new properties in London, including The Standard which opened its first European hotel in the UK capital in July, joining the recently opened Hard Rock Hotel.
Tracy Halliwell, director of conventions & major events at London Convention Bureau said: “London is a top global destination for leisure and business travellers, and we are delighted to see a record number of new hotels and rooms opening in the capital. We’ve seen a range of exciting and cutting-edge hotels open recently and we look forward to the upcoming openings.”
“London is a truly dynamic city with a range of new venues, hotels and experiences, offering event planners the opportunity to be innovative. We continue to see strong interest from the North American MICE market, with major corporates, associations and conference organisers committing to a whole range of events. London remains an open, diverse city and we look forward to speaking with event planners from all over the world to tell them about all the opportunities in our great city.”
Cavendish Venues are based in Central locations across Central London and City of London with a large variety of hotels just minutes away! If you are holding an event in one of our conference rooms or meeting spaces, it’s easy to find a hotel in the area, just visit our venue pages:
America Square Conference Centre – NEARBY HOTELS
Cavendish Conference Centre – NEARBY HOTELS
Hallam Conference Centre – NEARBY HOTELS
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