The Caterer magazine is reporting a boom in the new hotel construction sector with £2.5b worth of projects in the pipeline.
London is set to see the highest number of new hotel sites with 60 projects in the pipeline approved since 2020, worth £740million. London also tops the charts of the Europe Hotel Construction Pipeline Trend Report, which ranks the pipeline of all European cities.
The average hotel project in the pipeline in London is worth £12.3million compared with projects in the rest of the country which average £7.2million.
The major projects highlighted include a £20million new Hampton by Hilton hotel near Heathrow, a £100million Met Tower Hotel in Glasgow and a £38.5million project at the W Hotel in Edinburgh.