Average cost per square meter of building hotels in UK 2016 and 2018

London topped the list of the most expensive regions in the United Kingdom in which to build a hotel. In both years recorded, 5-star luxury hotels as well as resort style hotels in the country’s capital had the highest average costs per square meter of internal area. Prices for 5-star luxury hotels based in London surged by 1,000 British pounds between 2016 and 2018, the highest increase out of all entries. London continuously ranked first in public building construction costs.

London has highest hotel occupancy rate in Europe

Occupancy rates of London hotels were forecast to amount to 81 percent in 2019, with figures having stayed relatively stable in the past ten years. By comparison, London had the highest hotel occupancy rate of cities in Europe.

Willmott Dixon Construction leading hotel contractor

Willmott Dixon Construction Limited were the leading hotel and sport contractors in the UK in 2018. That year, the company was awarded projects worth 184 million British pounds, which put them ahead of the Building UK branch of Kier Construction Limited and Radford Group.