London has been ranked as the third most attractive city globally for leisure and dining businesses, with firms keen to invest in openings despite challenging market conditions.

Property agent Savills looked at the potential cities offered for leisure and hospitality expansion, examining metrics such as spending power, tourism appeal and occupational costs.

The firm found that “owing to its market size, the relative affluence of its population and disposable household incomes per capita”, New York topped the ranking, followed by Seoul.

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