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.
Average construction costs of hotels in select European cities in 2024, by type
(in U.S. dollars per square meter)
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Turner & Townsend. (June 18, 2024). Average construction costs of hotels in select European cities in 2024, by type (in U.S. dollars per square meter) [Graph]. In Statista. Retrieved January 23, 2025, from https://www.statista.com/statistics/1380696/hotel-construction-costs-european-cities/?__sso_cookie_checker=failed
Turner & Townsend. "Average construction costs of hotels in select European cities in 2024, by type (in U.S. dollars per square meter)." Chart. June 18, 2024. Statista. Accessed January 23, 2025. https://www.statista.com/statistics/1380696/hotel-construction-costs-european-cities/?__sso_cookie_checker=failed
Turner & Townsend. (2024). Average construction costs of hotels in select European cities in 2024, by type (in U.S. dollars per square meter). Statista. Statista Inc.. Accessed: January 23, 2025. https://www.statista.com/statistics/1380696/hotel-construction-costs-european-cities/?__sso_cookie_checker=failed
Turner & Townsend. "Average Construction Costs of Hotels in Select European Cities in 2024, by Type (in U.S. Dollars per Square Meter)." Statista, Statista Inc., 18 Jun 2024, https://www.statista.com/statistics/1380696/hotel-construction-costs-european-cities/?__sso_cookie_checker=failed
Turner & Townsend, Average construction costs of hotels in select European cities in 2024, by type (in U.S. dollars per square meter) Statista, https://www.statista.com/statistics/1380696/hotel-construction-costs-european-cities/?__sso_cookie_checker=failed (last visited January 23, 2025)
Average construction costs of hotels in select European cities in 2024, by type (in U.S. dollars per square meter) [Graph], Turner & Townsend, June 18, 2024. [Online]. Available: https://www.statista.com/statistics/1380696/hotel-construction-costs-european-cities/?__sso_cookie_checker=failed
