London Tourism Report 2012-13.pdf

5.2
FUTURE HOTEL DEVELOPMENTS AND PIPELINE
There was a significant period of hotel development in the period leading up to the 2012 Olympics Games. About 7,500
new rooms opened in the 3–year period between 2009 and 2011, with a further boost of 7,800 rooms in 2012.
Around 2,500 additional rooms are expected to come to market in 2013, and then another big boost of up to 15,000
further rooms over 2014–2015.
Chart 14.
London hotel development measured in room additions 2000–2017
10,000
7,500
Room additions
5,000
2,500
0
2000
2001
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Source: CBRE Hotels/London & Partners London Hotel Development Monitor
Forecast
The development pipeline for the five years to 2017 is substantial, with approximately 21,600 bedrooms (182 hotels)
categorised in the “probable” stage (i.e. hotels with detailed planning permission granted). In addition, a further 20,700
bedrooms (190 hotels) are categorised as “possible” (i.e. hotels with outline planning permission that are likely to be
constructed, or hotels likely to gain permission) for the next five years to 2017.
Chart 15.
London hotel pipeline by room grade, 2013–2017
Apartments
Budget
2–Star
3–Star
4–Star
5–Star
0
5,000
10,000
15,000
20,000
Number of Rooms
Source: CBRE Hotels/ London & Partners London Hotel Development Monitor
LONDON & PARTNERS LONDON TOURISM REPORT 34