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

21 November 2017 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

TagsHotels and Brexit
The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.


Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking