Search
The Caterer

London records highest value per hotel room in Europe

10 May 2005
London records highest value per hotel room in Europe

London has reclaimed its crown from Paris as the European city with the highest value per hotel room, according to the latest survey by HVS International.

In 2004, London hotels were valued at an average €481,000 (£328,000) per room, up from €430,000 (£293,000) in 2003.

Paris, which has topped the table for the past couple years, came second at €455,000 (£310,000) per room and Milan was third with €412,000 (£281,000).

The survey, which covers hotels in 28 gateway and major cities, found values had risen across Europe by more than 3% to average €222,000 (£151,000) after three consecutive years of decline.

Hotels in Zurich, Geneva, Rome, Edinburgh, Amsterdam, Prague and Munich enjoyed room values above the European average. Warsaw, at the bottom of the table, had average room values of just €97,000 (£66,000).

Buy this week's Caterer magazine for more industry news and analysis

The Caterer Breakfast Briefing Email

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

Sign Up and manage your preferences below

Thank you

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