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London’s visitor economy set to benefit from at least £11bn investment between now and the Olympic Games

As the city marks 1,000 days until the opening ceremony of the Olympic and Paralympic Games on 27th July 2012, a new report by Visit London reveals that in excess of £11bn will be invested into projects directly benefiting visitors to the city.

The developments cover a huge range of facilities including improved and new transport links such as the East London line extension, the upgraded DLR and new cycle tracks and walkways; hotel openings from the 1021 bedroom Park Plaza at Westminster Bridge to the renovated Savoy as well as attractions across the capital including in Stratford, East London where the spectacular new urban park is being built - one of the biggest in Europe for more than 150 years.

Sally Chatterjee, Interim CEO, Visit London commented:

“As Londoners, we should celebrate our position as the host city of the 2012 Olympic Games and Paralympic Games and the significant investment that this status brings. With the 1000 days countdown underway, we can already see how significantly the Capital will change. What is so exciting for visitors is that they really don’t need to wait – the transformation is happening now. We have an unprecedented opportunity to show the world exactly what London has to offer and these new developments will benefit Londoners and visitors alike for many years to come.”

London will also play host to some major new architectural buildings including the London Bridge Tower otherwise known as The Shard with a six star Shangri-La hotel and the Heron Tower in the City which is set to have breathtaking views across the London from its rooftop. Other key investments include:

  • Kings Cross redevelopment – Completion of parts of this project from 2012 with an investment of around £2bn
  • London Bridge Quarter including The Shard and New London Bridge House – Due for completion 2012 with an investment of around £2bn
  • The Heron Tower, City – Due for completion in 2011 with an investment of around £1.85bn
  • East London Line extension – Due for completion in June 2010 with an investment of around £1bn
  • Westfield Stratford – Due for completion in 2011 with an investment of around £1.45bn

 

There are many other smaller projects underway which will have a major impact on the tourist experience. These include the reopening of the Cutty Sark in spring 2011, the new wing of the Tate Modern – Tate Modern 2 – in time for the Olympic Games and the launch of the Meantime Brewery in Greenwich early next year.

The 2012 Olympic Games and Paralympic Games provide a unique opportunity to showcase the capital’s attractions, landmarks and neighbourhoods to the whole world. The amount of investment in London reveals a long term confidence in the city that can be experienced by visitors in the run up, during and after the Games.

Visit London, as the official tourism organisation for the capital, is committed to promoting London both in the UK and internationally both in the run up and beyond the Olympic Games to ensure London remains one of the world’s most visited cities.  

To mark the 1,000 day countdown, Visit London has compiled a timeline indicating when and where some of the key launches and openings will be happing in the run up to 2012.

Notes to Editors

The ‘Capital Investment: The Visitor Benefits’ report has been created from information in the public domain and is subject to change.

 

Visit London is the official visitor organisation for London. A leader in best practice destination marketing, Visit London promotes the UK capital internationally, across Britain and to Londoners targeting leisure and business visitors. Visit London works in partnership with the Mayor of London, the London Development Agency, London Councils and the tourism industry.

 

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