London tops Paris for hotel investment
London is the most attractive destination in Europe for hotel investment, according to a new survey of hospitality industry leaders.
Over half of respondents ranked London ahead of Paris (33%), followed by Barcelona (30%) and Amsterdam (23%).
However, 52% of those questioned for the Deloitte survey considering London to be overvalued.
Outside London, Scottish cities were of most interest in the UK for 2015. Edinburgh (60%) and Aberdeen (38%), followed by Manchester (33%) and Bath (19%) were considered most attractive.
Deloitte global head of hospitality Nick van Marken said: "The regions have benefitted from a series of high-profile international events and a return of corporate and meetings demand resulting in double-digit RevPAR growth.
"The strong upturn in rate is very promising albeit a return to pre-crisis profitability levels is yet to be seen."
Linsey McNeill
Editor Linsey McNeill has been writing about travel for more than three decades. Bylines include The Times, Telegraph, Observer, Guardian and Which? plus the South China Morning Post. She also shares insider tips on thetraveljournalist.co.uk
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