London hotel market unlikely to return to growth until at least 2024-25: London’s hotel market will return to pre-pandemic performance levels but is unlikely to return to growth until at least 2024-25, according to operators. The majority (38%) of the 300 attendees of a webinar – organised by consultancy HVS, legal company Bird & Bird, publishing group EP Business in Hospitality and restructuring advisory firm AlixPartners – said in a poll they did not expect hotel revpar to reach 2019 levels until 2023, while 19% were more pessimistic, with estimates of recovery later than 2024. Almost half said a key feature of a successful London hotel post-pandemic would be a hybrid space, offering workspace alongside food and beverage and rooms. When it comes to business travellers, 22% of those polled thought corporate restrictions on travel budgets would be the biggest challenge facing London’s hotels, with 36% believing the availability of online meeting platforms such as Zoom meant there was no longer a need to travel to have effective business meetings. Extracted Propel Newsletter

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