Wednesday, 4th September 2013
Understanding the Demand for and Supply of Visitor Accommodation in London to 2036
Source: GLA Economics (UK)
From Executive Summary:
London is one of the most visited cities in terms of international visitor numbers, comparable to some Far Eastern cities such as Singapore and Hong Kong and outperforming other European cities such as Paris. Total international visitor numbers to London were nearly 15.5 million in 2012 and visitor spend was over £10 billion. London received nearly 18 per cent more international visitor spend than all the other UK regions put together. Both the scale of and character of London’s tourism is different from that of any other UK region. The hotel market in London reflects this, being characterised by higher occupancy rates, higher average daily room rates and far higher profitability levels than other regions of the country.
The provision of an adequate supply of visitor accommodation is, therefore, critical for the future success of the sector....
For international tourists to London alone, there is a central projection estimate in 2036 of 146.2 million nights. However, the actual range yielded by the various methodologies, or scenarios, stretches from 98.0 million to 217.2 million nights. All the projections, or scenarios, display some level of tourism growth.
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By Adrian Janes
Having begun his career in academic libraries, Adrian Janes has subsequently worked extensively in public libraries, chiefly in enquiry work as an Information Services librarian. In this role he has had particular responsibility for information from both the UK Government and the European Union. He wrote a detailed report on sources for the latter which was published by FreePint in 2007, and has contributed articles to FreePint and ResourceShelf. He is involved in training in information literacy and the use of online reference resources.
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