WP 58: Demand for & supply of visitor accommodation in London to 2036

Key information

Publication type: General

Publication date: Wednesday 28 August 2013

In 2012 GLA Economics’ best estimate suggests that there was an existing supply of 131,600 serviced rooms in London (and 165,700 serviced and unserviced) with significant growth over the past couple of years.
Based on a range of models, tourism nights in London are projected to reach a central estimate of 183.6 million by 2036.
Using the past relationship between tourism nights and the level of serviced accommodation in London, the central projection for the number of net new serviced rooms required by 2036 is 42,900 (or just under 1,800 per annum).