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Liz Hall, head of hospitality and leisure research at PwC, recently commented on the
London luxury hotel market. This year saw the UK's largest room supply increase from
new developments in the last decade. In London, the 2012 Games catalysed development on a
scale unlikely to be seen again.
"Research by PwC shows that nearly 4,000 new luxury rooms have become available since the
successful bid to host the Games was announced in 2005 and the end of this year; that is
a 33% increase. 5 star hotels now account for around 12% of London's rooms (some 14,000
rooms) and there are yet more still to come," she said.
For the complete article, please go to Big4.com