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, with 5-star hotels costing U.S. dollars per square meter. Meanwhile, Paris had significantly lower construction prices.
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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 ÌÇÐÄÆƽâ°æ. Retrieved July 24, 2026, from /statistics/1380696/hotel-construction-costs-european-cities/
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. ÌÇÐÄÆƽâ°æ. Accessed July 24, 2026. /statistics/1380696/hotel-construction-costs-european-cities/
Turner & Townsend. (2024). Average construction costs of hotels in select European cities in 2024, by type (in U.S. dollars per square meter). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 24, 2026. /statistics/1380696/hotel-construction-costs-european-cities/
Turner & Townsend. "Average Construction Costs of Hotels in Select European Cities in 2024, by Type (in U.S. Dollars per Square Meter)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 18 Jun 2024, /statistics/1380696/hotel-construction-costs-european-cities/
Turner & Townsend, Average construction costs of hotels in select European cities in 2024, by type (in U.S. dollars per square meter) ÌÇÐÄÆƽâ°æ, /statistics/1380696/hotel-construction-costs-european-cities/ (last visited July 24, 2026)
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: /statistics/1380696/hotel-construction-costs-european-cities/
