Many new luxury hotels are springing up in London
An influx of high-end openings is poised to catapult the city's luxury sector to new heights
In the latter half of this year alone, London is preparing to welcome the Raffles London at the OWO, the Peninsula London and the Mandarin Oriental Mayfair, which will be the second Mandarin Oriental in the city.
Key takeaways
- This level of rapid high-end expansion is more typically seen in newer or developing global hub markets like Dubai or Riyadh and Jeddah in Saudi Arabia;
- Part of London's appeal for luxury development is its healthy demand mix, with ample corporate, group, conference and leisure travel and enjoys strong connectivity;
- According to STR data, London's ADR is 36.7% higher this year than in 2019.
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