Building 5-star hotels in some of the major European cities in 2023 was significantly more expensive than 3-star hotels. Among the cities included here, London was by far the city with the highest hotel construction costs for both types of buildings. Meanwhile, Paris had significantly lower construction prices. That year, Dublin was one of the most expensive cities for apartment construction in the European Union.
Average construction costs of hotels in select European cities in 2023, by type
(in U.S. dollars per square meter)
Characteristic
London (United Kingdom)
Dublin (Ireland)
Amsterdam (Netherlands)
Munich (Germany)
Paris (France)
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Turner & Townsend. (July 12, 2023). Average construction costs of hotels in select European cities in 2023, by type (in U.S. dollars per square meter) [Graph]. In Statista. Retrieved July 27, 2024, from https://www.statista.com/statistics/1380696/hotel-construction-costs-european-cities/
Turner & Townsend. "Average construction costs of hotels in select European cities in 2023, by type (in U.S. dollars per square meter)." Chart. July 12, 2023. Statista. Accessed July 27, 2024. https://www.statista.com/statistics/1380696/hotel-construction-costs-european-cities/
Turner & Townsend. (2023). Average construction costs of hotels in select European cities in 2023, by type (in U.S. dollars per square meter). Statista. Statista Inc.. Accessed: July 27, 2024. https://www.statista.com/statistics/1380696/hotel-construction-costs-european-cities/
Turner & Townsend. "Average Construction Costs of Hotels in Select European Cities in 2023, by Type (in U.S. Dollars per Square Meter)." Statista, Statista Inc., 12 Jul 2023, https://www.statista.com/statistics/1380696/hotel-construction-costs-european-cities/
Turner & Townsend, Average construction costs of hotels in select European cities in 2023, by type (in U.S. dollars per square meter) Statista, https://www.statista.com/statistics/1380696/hotel-construction-costs-european-cities/ (last visited July 27, 2024)
Average construction costs of hotels in select European cities in 2023, by type (in U.S. dollars per square meter) [Graph], Turner & Townsend, July 12, 2023. [Online]. Available: https://www.statista.com/statistics/1380696/hotel-construction-costs-european-cities/