Get the latest hospitality news and inspiration straight to your inbox. Subscribe to our newsletter.

Around 40,000 hotel bookings to be lost with relocation of European Medicines Agency

Written by:
Written by:
Around 40,000 hotel bookings to be lost with relocation of European Medicines Agency

The relocation of the European Medicines Agency will take 40,000 hotel bookings with it, says law firm Royds Withy King.

The European Union yesterday (20 November) announced that the European Medicines Agency will relocate from its home in London’s Docklands to Amsterdam when the UK leaves the EU in 2019, taking with it around 1,000 high-value jobs.

The firm says the move will have a “devastating” impact on the London hotel market, leaving some 40,000 empty hotel rooms a year.

Claus Andersen, a partner in Royds Withy King’s life sciences team, said: “The departure of the European Medicines Agency will leave a hole not only in our global life sciences sector, but also in the sizeable hotel market it supports. Each year, the Agency receives around 40,000 visitors and is responsible for a similar number of hotel bookings which will now go with it to Amsterdam.”

David Israel, employment partner in Royds Withy King’s hotel team, added: “To lose 40,000 hotel rooms effectively overnight will leave operators facing some difficult decisions.”

Loss of European staff due to Brexit is “a scandal”, says Gary Neville >>

Brexit boost for the UK hotel sector >>

Dorchester Group blames Brexit for £39.5m losses >>

Prepare for a hard Brexit, hoteliers warned >>

Videos from The Caterer archives

Are you looking for a new role? See all the current hospitality vacancies available with The Caterer Jobs

Start the discussion

Sign in to comment or register new account

Start the working day with

The Caterer’s free breakfast briefing email

Sign up now for:

  • The latest exclusives from across the industry
  • Innovations, new openings, business news and practical advice
  • The latest product innovations and supplier offers
Sign up for free