Jay Gatsby would have simply adored post-pandemic London. High-end hotels are springing up around the capital at Monopoly-board rates, filled with such an embarrassment of extravagances that even F Scott Fitzgerald might have struggled to parody them.
But there are signs that the luxury boom is reaching its limit. Room rates at new places such as the Peninsula and Raffles at the OWO have dipped from a coronary-inducing £1,300-a-night to merely eye-watering levels of just under £900, travel agents say.
