It may seem that hotel supply in London doesn’t allow new members come to the market, but investors have another opinion, and they still consider the market the most attractive one as soon as new visitors keep coming to the city in the post-Olympic period.
According to the international real estate portal, the capital of the UK accounts for as many as 13.5% of all searches concerning the purchase of hotels. The city has become especially popular with investors after the 2012 Olympic Games the increase estimates 7.7% compared to the same period of 2012.
Even though new hotels keep appearing in the capital of the Great Britain, demand still outstrips supply, and so the trend is expected to continue in recent years. London is still one of strongest European markets. Investors are also interested in Rio de Janeiro as the city will host the 2014 World Cup. Thanks to the event, the city is the fourth sought after destination for investors, just below Paris.
When it comes to luxury hotels, people still tend to look for them in Western Europe. Here such countries as the UK, France, and Germany take the lead. The list of top 10 cities, in which people search for luxury hotels is the following: London (the UK, 13.55%), Zurich (Switzerland, 10.82%), Paris (France, 8.97%), Armação de Búzios (Brazil, 4.84%), Hamburg (Germany, 3.32%), Porto Cervo (Italy, 3.25%), Berlin (Germany, 3.14%), Brauschweig (Germany, 2.81%), Zermatt (Switzerland, 1.88%), and Saas-Fee (Switzerland, 1.4%).