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The London Hotel Development Monitor report which JLL have produced in conjunction with London & Partners, the Mayor of London's promotional company; details new hotel openings, as well as potential developments.
The report predicts that the hotel sector is set to continue to grow as visitor numbers increase. During the first three quarters of 2015, international and domestic visits to the capital increased by a total of 13.6% compared to the previous year. This, together with an increased recognition by developers that hotels can create vitality and positively influence values for other property uses in the immediate vicinity and as part of mixed use schemes, is spurring new development activity across London and particularly in hitherto fringe hotel locations such as Shoreditch and Bankside, which are themselves becoming development hotspots.
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17 May 2016