Wednesday, May 19, 2010

Proposed levy on hotel development will harm London tourism

The future growth of the tourism industry in London could be at risk from a proposed levy on all new hotel developments.

InterContinental Hotel Group (IHG), Wyndham and Travelodge are amongst a number of leading hotel companies which have signed a letter to London Mayor Boris Johnson urging him to abandon his plans to put what is effectively a tax on all future hotel developments of £60 per sq m in Central London and £82 per sq m in the Isle of Dogs.

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