According to a recent report from real estate consultants Newmark, over 90% of investment into London’s hotel market in 2024 came from overseas, with those from the US purchasing £1.6b worth of assets, five times the volume of the next largest overseas investor group, China and Hong Kong.
Total UK hotel transaction value in 2024 totalled £6.5b, the highest annual total since 2018. 40% of investment centred around London, which received £2.6b.
London remains a globally sought-after destination, especially for leisure travellers and especially from from the USA; in contrast, the number of business travellers staying overnight in London remains “well below” pre-pandemic levels.
