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London Hotels Are 107% Higher per Night Than Renting in the Capital

Photo by Shannon Tremaine on Unsplash
  •  37.9m people visited the UK staying for an average of seven nights.
  • London alone accounted for 19m of these visits compared to 15.7m across the rest of England and nearly a quarter of them were for business purposes for an extended period of time.
  • The average cost of a hotel per night in London is £119, 107% more than the average rent per day of £58.
  • Westminster is home to the biggest gap, where the average cost of renting equates to £94 per day while the cost of a hotel room is a staggering £338 pert night – a 258% increase!
  • Southwark and Lambeth are the next worst value for London’s visitors with the cost of a hotel coming in at 208% and 200% more expensive per night, than the cost of renting in each respective borough.
  • Hounslow is home to the smallest difference between hotel costs and the actual rental market. While a hotel will set you back just £69 per night, this is still 47% higher than the equivalent daily rate of £47 paid in rent.

London hotels are 107% higher per night than renting in the capital! We need more accommodation solutions for longer-term visitors

Research by leading London-based, serviced apartment provider, Cuckooz, has revealed that those staying in the capital are paying 107% more on average per night to stay in a hotel compared to those actually renting in one of the most expensive rental markets in the world.

Cuckooz looked at the average cost of a hotel per night compared to the comparative cost of renting based on a daily rate across London and in each borough.

If you’re heading on holiday it’s a given that accommodation is going to come at a premium and last year 37.9m people visited the UK staying for an average of seven nights.

However, London alone accounted for 19m of these visits compared to 15.7m across the rest of England and nearly a quarter of them were for business purposes for an extended period of time.

The biggest disparity is in Westminster, where the average cost of renting equates to £94 per day while the cost of a hotel room is a staggering £338 pert night – a 258% increase!

Photo by Eva Dang on Unsplash
Photo by Eva Dang on Unsplash

Southwark and Lambeth are the next worst value for London’s visitors with the cost of a hotel coming in at 208% and 200% more expensive per night, than the cost of renting in each respective borough.

In Kingston, the average tenant pays £47 per day to rent while a hotel comes in at £139 per night, a difference of 199%. At 175% more and 152% more, Brent and Greenwich are also amongst some of the most expensive.

Hounslow is home to the smallest difference between hotel costs and the actual rental market. While a hotel will set you back just £69 per night, this is still 47% higher than the equivalent daily rate of £47 paid in rent.

Co-founder of Cuckooz, Charlier Rosier, commented:  

We’re very aware that the requirements for short stay and long stay accommodation are a completely different animal and of course, those living here are in a different situation to those visiting and that’s why such heavy premiums are involved with the latter.

However, the way we travel, the way we do business and the time we spend away from home when doing so are all evolving from the traditional formats. Today it’s extremely common for someone to spend months away at a time, even bringing their families with them when they do, and the price structure and facilities available via hotels just aren’t fit for purpose.

People want a space of their own, a space with the required amenities and the chance to immerse themselves in the local neighbourhood and that’s why we are seeing a growing preference for alternative types of accommodation like serviced apartments and sites like Air BnB.

London borough
Average hotel cost per night*
Average monthly rent
Average daily rent**
Percentage Difference
Westminster
£338.16
£2,832
£94
258%
Southwark
£171.98
£1,676
£56
208%
Lambeth
£179.23
£1,751
£58
207%
Kingston upon Thames
£139.19
£1,396
£47
199%
Brent
£144.51
£1,578
£53
175%
Greenwich
£116.02
£1,380
£46
152%
Lewisham
£109.00
£1,318
£44
148%
Islington
£155.79
£1,895
£63
147%
City of London
£188.82
£2,377
£79
138%
Bexley
£84.10
£1,084
£36
133%
Sutton
£84.04
£1,130
£38
123%
Ealing
£108.32
£1,484
£49
119%
Waltham Forest
£93.62
£1,314
£44
114%
Richmond upon Thames
£133.61
£1,896
£63
111%
Tower Hamlets
£122.54
£1,773
£59
107%
Hillingdon
£86.25
£1,268
£42
104%
Harrow
£94.58
£1,396
£47
103%
Merton
£103.50
£1,542
£51
101%
Hackney
£120.67
£1,834
£61
97%
Redbridge
£83.85
£1,303
£43
93%
Newham
£90.93
£1,422
£47
92%
Wandsworth
£116.26
£1,828
£61
91%
Bromley
£83.62
£1,318
£44
90%
Hammersmith and Fulham
£128.81
£2,070
£69
87%
Haringey
£93.48
£1,513
£50
85%
Kensington and Chelsea
£196.13
£3,208
£107
83%
Havering
£68.88
£1,131
£38
83%
Croydon
£66.82
£1,112
£37
80%
Enfield
£79.61
£1,325
£44
80%
Barking and Dagenham
£66.78
£1,192
£40
68%
Barnet
£85.69
£1,548
£52
66%
Camden
£132.01
£2,427
£81
63%
Hounslow
£69.07
£1,410
£47
47%
London
£119.27
£1,727
£58
107%
*Average hotel cost based on a sample for each borough of all hotel types and rankings via Booking.com
**Average daily rent = Monthly rent / 30
Sources
Hotel sample
Private rent
Statistics on visits

If you thinking of staying in London, purchase London guide book where you will find not only useful information about famous attractions, but also a detailed guide of hotels for all types of budget. 

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