Uk hotel market report. The UK Hotel Market Index (UKHMI) .

Uk hotel market report Significant political uncertainty in the UK, combined with rising inflation threatened to derail the hotel sector recovery in Q4 2022. UK Hotel Market Snapshot FY 2023 | Christie & Co Mordor Intelligence™ Industry Reports provide a comprehensive analysis of the UK Online Travel market's share, size, and revenue growth rate, offering an insightful forecast and historical overview. Get a sample of this industry analysis as a free report PDF download. 3%, compared to Expert industry market research on the Hotels in the UK (2014-2029). To read the full report, click below. We surveyed international and national hotel operators active in the UK & Ireland to determine their interest in the key hotel locations, when they expected the hotel market to recover and what the current transactional challenges are. Building Zero. Upper-Upscale hotels outperformed the London market in terms of RevPAR growth, up by 9% in Q4 and by 23% over the full year, driven by a strong recovery in occupancy. This is our latest hotel market report for the UK industry. Our latest hotel report, The UK Hotel Market: New challenges on the road to recovery provides a snapshot of the UK hotel market in 2022, as it emerges from the pandemic and faces a new wave of economic and operational challenges, with insight from major industry players including Accor and Pygmalion. the UK hotel market compared to the previous generation of US Funds with a typical 5 to 7 year investment horizon. To read the full report, please click the ‘DOWNLOAD A recent report from Deloitte reveals that optimism regarding the long-term prospects of the UK hotel market remains high, despite a slight dip in confidence compared to the previous year. Comprehensive market data and profit & loss information for the hotel industry, compiled using intelligence from 120 global brands. Whilst no hotel business is immune to the effects of an economic downturn, the current position in the cycle – one of Regional UK - Key Performance Indicators, % Change versus 2023 % Change versus Q1-23 and rolling 12-Mths April-March 2022/23 Regional UK REGIONAL UK: ENCOURAGING START TO 2024 TRADING It was a positive first quarter for the Regional UK hotel market, with respectable RevPAR growth, achieved from both an uplift in occupancy and ADR. 6% as of November 2023, a figure 80 bps below the same period of 2019. For those few US Funds still holding UK hotel portfolios, we have also seen a tranche of refinancing over the last 12-18 months, taking advantage of the favourable low-cost debt terms currently available. Hotel Britain is our annual report examining how UK hotels are performing. The Regional UK market has remained strong throughout 2023, buoyed by conference business returning and continuing strong demand for short break leisure trips. 2022 Forecast: Focus on UK Cities. Whether you are embarking on a hotel development project, buying or repositioning a property, or just looking to better understand the hotel industry, Trend Reports are the ideal resource to help you conduct a thorough analysis. enquiries@hotstats. 55% (2025-2029) resulting in a market volume of US$24. Moreover, rising disposable income, a growing middle class, and increasing urbanization are Already at the start of 2023, there are signs that the UK hotel investment market is becoming more settled, with various deals having recently completed. com. When you are evaluating performance of a hotel in a market, it's the single source of truth at the moment. Industry market research reports, statistics, analysis, data, trends and forecasts. In closing, the report presents the specialised Savills Pubs & Accommodation Team of market leading agents respected in the industry. 08/11/2023. Meanwhile, it was a positive first quarter for the Regional UK hotel market, with respectable RevPAR growth, achieved from both an uplift in occupancy and ADR. We bring you our latest analysis of HotStats market intelligence, to chart, monitor and forecast the UK Hotel sector’s recovery. Whitbread Group, InterContinental Hotels Group, Travelodge, Accor SA and Marriott International, Inc are the major companies operating in Market Intelligence Reports. Market Reports; Trending Topics Hotel occupancy in the 70 tourist destinations covered by DataTur reached 59. The survey found that 72% of respondents express a positive outlook for the industry, with 59% anticipating significant investment growth over the next five years. With the year-end approaching, market sentiment is shifting toward a more bullish outlook, supported by improving buyer-seller alignment, lower interest rates, and resilient hotel performance. How the pandemic plays out this winter will be fundamental to the short-term prosperity of the UK hotel sector. We are pleased to share with you our UK Hotels Market Index 2024, an innovative market tracking index that analyses ten key performance indicators of 35 cities in the UK and consolidates these into a single ranking. Our latest figures report analyses the performance of the Europe hotel market. In Q3 2022, Europe hotel volumes totalled €4bn, a decline of 16. Despite this, there was a noticeable slowdown in transactional activity in the hotel sector as uncertainty and the reduced availability of debt UK-wide occupancy figures are well on their way to reach pre-COVID levels, as full-year occupancy figures for 2022 sat at 94% of 2019 (STR). In the second quarter, European hotel transaction volumes hit €5. What this suggests is that the gap left by international tourists could in part be filled by heightened domestic demand while international restrictions last, supporting UK holiday hotspots. Slower RevPAR recovery in regional UK’s top 12 cities compared to the wider regional UK market, but with improving Total Revenue recovery (TRevPAR), as higher occupancies support growth in F&B revenues. . Our experts Marie Hickey, Director of Research, Robert Stapleton, Head of UK Hotel Capital Markets, and Martin Crocker, Director, Savills Capital Advisors, discussed the key findings of our UK Hotel Spotlight 2023, followed by a Q&A session with webinar attendees. Transactions in the first half of the year grew to over €11. What’s still to come Positive monthly occupancy data shows signs of exceeding pre-COVID levels in London and the Provinces by the end of 2024 for the first time. We’ve analysed data from the top 46 sites in the sector to figure out who’s performing best in different key metrics. Existing hotel operators are keen to add assets to their portfolios, within UK Hotel Dashboard - Q3 2024 A quarterly report, providing insight into hotel operational costs and profitability, with Key Performance Indicators metrics of the UK hotel sector, as an overview of hotel investment activity, focusing on London and Regional UK. The UK Hotel market remains under pressure from higher operational costs that will likely push up prices and hamper the recovery of short breaks in the UK. 7% per annum. Head of Hotels & Resorts Consulting. In addition, we provide our forecasts and outlook for 2023, to facilitate planning and strategic decision making, at a time where the UK hotel sector endures a further sustained period of challenging market conditions. 7 percentage points, with full-service upscale and upper-upscale hotels driving the growth in occupancy. Reopening of the hospitality sector is likely to be shifted further towards the end of Q2-2021. However, trading performance continued to hold up with RevPAR outperforming 2019 levels. Resurgence of urban market performance and renewed investor Covid-19 UK Hotel Market Recovery Hotel Dashboard , December 2020 UK HOTEL SECTOR OUTLOOK The ongoing and tightening of social distancing restrictions throughout the UK are proving to be particularly challenging for the hotel sector, with tier-3 restrictions in England even more extreme than compared to the constraints of the second lockdown. UK: The UK Hotels Forecast 2021-2022 by PwC reveals signs of recovery for the UK hotel market throughout next year, though still below pre-pandemic levels. 82 billion, surpassing 2023 full year total Hospitality 20 September 2024 Serviced Apartments: Uncovering development hotspots and expansion opportunities UK hotel industry statistics. Skip to content Save 10% on all reports until 31st December Volume of the UK hotel market not expected to fully recover in the forecast period The recovery of the overall UK hotel market took on a strong pace in the second half of 2021 with the removal of COVID-19 restrictions, but not all submarkets fared the same. They offer an unparalleled opportunity to understand revenues, costs and profit like never before. Market Reports. com Shaun Roy, MRICS Partner -Head of Hotels & Specialist Property +44 (0) 20 7861 1222 Shaun. Download the Knight Frank Hotel Dashboard. While the below average UK GDP growth of 1. This is following a slowdown in new delivery in 2022 and 2023 that saw UK stock growth Expert industry market research on the Hotels in the UK (2014-2029). 53%. For further detailed analysis of the UK Hotel Market Trading Performance, including a visual overview of Q2 hotel investment volumes, take a look at Knight Frank’s new look UK Hotel Dashboard. 5% from 2021’s figure of £11. As a result of these Localised lockdowns bring continued uncertainty for the UK hospitality sector, but the situation remains highly fluid. Scotland's Hotel market update September 2022. 42 billion British pounds. The latest trading performance indicates a widening gulf between limited and select service hotels and full-service upscale and upper upscale hotels. The market size of the hotel industry in the UK is expected to reach £19. The hotel and lodging industry is monopolized by a few Forbes, Statista, Future Market Insights, US Travel Regional UK Hotel Market Trading Summary •Regional UK hotels recorded market-wide occupancy of 66. Our latest overview of the UK hotel market as it navigates through an economy with increasing cost pressures. In the present moment, much uncertainty Hotel Dashboard - Covid-19 UK Hotel Market Recovery October 2020 Knight Frank View –UK Hotel Sector, Forecast and Outlook Philippa Goldstein Senior Analyst –Head of Hotel Research +44 (0) 7970 230801 Philippa. 6% in 2025 could dampen UK domestic business and leisure HOTEL OPERATORBEAT – UK & Ireland: H2 2021. Looking forward, we expect domestic demand to remain Tourism demand continues to remain strong in London, the key hotel destination in the UK, with year-end forecasts indicating record levels of overnight visits for 2024. To adapt, hotels European hotel transactions reached a five-year high in the first half of 2024, according to our latest data. The impact of the UK commercial real estate market reports. Regional hotel market closer to a stabilised position. AMERICAS +1-877-255-5022. Hotel Market Reports For hoteliers, investors, funders, UK/EMEA +44 20 7892 2222. With interest rates potentially reaching or near their peak, there is Strong growth in hotel trading performance throughout 2023, defying expectations. 15 Projections indicate that the total hotel room supply across the UK is expected to grow steadily throughout 2024 and 2025. Less like this. With continuing strong business on the books we anticipate the UK hotel London hotels achieved a 91% month-on-month increase in profit per available room, whilst regional UK hotels witnessed the highest levels of revenue and profitability since September 2019. Find out how UK hotels are navigating this challenging environment, including: How to enhance guest loyalty and rebooking rates ; In-depth economic analysis from the Centre for Economics and Business Research. Hotels Market Dashboard –November 2021 2 Regional UK Hotel Market Trading Summary •Regional UK hotels recorded market-wide occupancy of 67. Make better business decisions, faster with IBISWorld's industry market research reports, statistics, analysis, data, trends and forecasts. While occupancy rates were up 20% on Q3 2021, almost recovering to pre-pandemic levels. Our local experts and research leads have created in-depth research reports on the future of six UK cities: London, Birmingham, Bristol, Manchester, Leeds, and Edinburgh. 18% from 2024. Covid-19 UK Hotel Market Recovery Hotel Dashboard , January 2021 Whilst the UK’svaccination programme is accelerating, so too is government cautiousness over the easing of lockdown restrictions –only when it is safe and right to do so. Our reports are used by operators, investors, funders, consultants, analysts and advisors. 8% from the same period the previous year. Features. Hidden. The recent recovery in the UK hotel market has been outperforming all expectations, Still a significant increase but half the 300% press reports were citing before the unveiled energy plan. UK Hotels Trading Performance Review - 2023 The market leading report provides detailed insight into the operational revenues, costs, profitability and KPIs of the UK hotel sector, during a sustained period of challenging market conditions, with accelerating costs and a Hotels & Chains Reports • Market Reports • Industry Reports • Hotel Market Reviews • Corporate Brochures • Annual P&L Studies • free download UK Hotel, Tourism & Leisure Monthly Rou February 2, 2024. The reports suggests that the UK hotel market was a tale of two halves in 2022. Coming off the back of the worst industry crisis in history caused by the pandemic, the UK hotel sector staged a remarkable recovery during 2022. A challenging cost environment remains, but strong revenue growth, with RevPAR up by 27% versus YTD-19, is fuelling the strong growth in GOPPAR. Hotel Dashboard - UK Hotel Market Recovery, January 2021 The emergence of a highly transmissible variant of the virus during Q4-2020, has resulted in continuing anguish for the UK hotel sector. The market is primarily driven by an influx of domestic and international tourists, boosted by the UK's rich cultural and historical heritage. About Us; Careers; Professionals & Offices; Global Leadership; Find Properties; Thought Capital; UK Market Spotlight. Roy@knightfrank. Goldstein@knightfrank. 8 billion, nearly double the level reach The strong Average Daily Rate (ADR) and Revenue per Available Room (RevPAR) reported by UK hotels is expected to continue into 2024. Quarterly and topical research insights to help your business gain competitive edge in commercial real estate. The UK hotel industry had a market size of £16. million, making the UK the second largest outbound source market in Europe after Germany. 4bn an increase of -0. Hotel Benchmarking; Market Reports; The Hotels market in in the United Kingdom is projected to grow by 2. Article - Horwath Market Report - UK Hotel, Tourism & Leisure Monthly Round-Up July 2024 - By Malcolm Kerr - In July 2024, the UK hotel market continued its strong performance with RevPAR levels Edinburgh's hotel sector saw a 22% revenue increase and a nearly 69% rise in gross operating profit in Q1 2024, outpacing the UK average despite rising costs and increased hotel supply. The UK Hotels market report 2021 covers the current market share, statistics, and expert analysis from leading researchers. 8% increase in Christie & Co’s hotel Market Size and Growth Prospects: The UK hotel industry is valued at £57. Annual India Hotel Hotel trading has been driven by strong domestic leisure demand, with many regional UK hotels witnessing exceptional levels of revenue generation, reaching heights beyond that achieved in summer 2019. There is no doubt though that (Hospitality Global Market Report 2023) Key stakeholders' market share and consumer influence. The top 10 cities reviewed include London, Bristol, Birmingham, Given the limited trading conditions endured during Q1-2021, the Regional UK hotel market has seen small but encouraging positive steps, with improving month-on-month performance. • Domestic demand has remained strong so far in 2023, with the boost from staycations continuing to lead demand aided by a return in MICE events. This Projections indicate that the total hotel room supply across the UK is expected to grow steadily throughout 2024 and 2025. According to the newly published report by our Colliers UK Hotels team , a few key markets have recovered back to their 2019 performance levels, with some even surpassing 2019 performances. 7 billion U. 53% to reach USD 66. Domestic leisure demand report on. Regional UK - Key Performance Indicators, % Change versus 2022 Occupancy and GOP = % Point Change Regional UK % % % % % % % % % % 28% % 29% % R £34 £35 P % £74 £76 PAR £120 £120 R £101 £103 PAR 3 3 cy % % REGIONAL UK: STRONG MOMENTUM IN ADR CEMENTS GROWTH A story of two halves for the Regional UK hotel market, led by strong The UK market has seen strong results in hotel performance and visitation, despite political and socio-economic challenges. Hotel Advisory Services. 2023: A multi-speed market that requires operating know-how. 28 billion. The revenue in the 'Hotels' segment of the travel & tourism market in the United Kingdom was forecast to continuously increase between 2024 and 2029 by in total 2. No individual hotel data is displayed in Specialist hotel property adviser, Christie & Co has launched a new report, the UK Hotel Market Snapshot H1 2023, providing an analysis of key trading and development indicators for the UK’s top ten cities and hotel markets over the first half of 2023. 7 billion British pounds, up from the previous year's total of 16. UK Hotel Investment Report - 2020 Read the full report now for a recap on 2023 transaction activity; 2024 debt market outlooks; and these three themes to watch for in the year to come. In 2023, the market size of the hotel industry in the UK was valued at approximately 24. the UK hotel market has continued in its recovery, delivering a strong trading performance. UK HOTEL TRADING PERFORMANCE REVIEW 2024 5 LONDON With the rebound of the London hotel market beginning in Q2-2022, the growth and momentum in the recovery of hotel trading has continued at pace throughout 2023. 1 percentage points compared to the same period in 2020. For a comprehensive review of the Europe market, click below: HVS In-Depth Europe Hotel Valuation Index: 2024 as this economic freedom largely impacts the payroll costs of UK hotels and the accessibility of each other’s markets to Specifically, we compare the performance of two hotel datasets - Regional UK, Upper-Midscale Hotels and Regional UK, Golf & Spa Hotels. UK Hotel Market Snapshot H1 2023 | Christie & Co UK HOTEL MARKET OVERVIEW In this brief analysis we review key trading and development indicators for the UK’s top 10 cities and hotel markets, combining shared directional trends but pointing out the specific dynamics of each market over the first half of 2023. The latest report from our Hotel Consultancy team provides a full year snapshot the UK hotel market in 2023. This report looks at the six largest regional cities by number of overnight stays and outlines each market dynamic by Find out which markets are capturing the most demand with our weekly rankings of the top global markets by region. 9% for the month of September, an increase of 1. Meanwhile, hotels have outperformed the market, with Q1-24 occupancy rising to 79%, three-percentage points higher than compared to growth of the sector slowed y-o-y in Q1 to 1. Previous article Exploring the changing influences on the European logistics market Sample Report. Evolving cities - The changing face of the UK's cities. Expert industry market research on the Budget Hotels in the UK (2014-2029). 84 billion in 2025 and grow at a CAGR of 2. Call now +44 20 7344 6601. 42 billion as of 2022, an increase of 45. 39 million, expanding at a steady CAGR of 2. Year-to-date occupancy for Regional UK equates to 42. There were positive signs of recovery across the sector during H1 however, throughout the second half of the year uncertainty began to creep in due to macroeconomic conditions and this slowed transactional activity, which translated into a 2. Plateauing interest rates and inflation levels The outlook for UK hotel market demand in 2025 appears to suggest a generally positive picture. Global Office Market Report. I'd be surprised, or let me say differently, I am surprised when I come across a hotel that does not contribute their data. 7% versus Q1 the previous year. Monthly Trends: United Kingdom Hotel Market Performance (Year to Date 2023 vs Year to Date 2022 & 2019) In the latest updates on the regional market performance of the hotel industry in the United Kingdom, we share year-to-date data from May for 2023 compared to the same period in 2022 and 2019, according to HotStats’ monthly Hotel Visitation results show a rapid response from both national and international visitors post the COVID19 pandemic. Lise Keller • 28/05/2024 In the years leading up to the start of the pandemic, the UK hotel market was generally considered, with the benefit of hindsight, to have been operating at the peak of the cycle. View the latest hotel market overview here. com Christie & Co’s Scottish Hotel team observed buyer interest across all price points of the Scottish hotel market in H1 2022, which has kept the market buoyant. We are also closely tracking 50 markets with on-the-books reservation data HSBC UK explores the growing appetite for investment in the hotels sector with reports of emerging economies’ growing appetite for travel. Market Research; More like this. With a focus on both national and regional performance, it also highlights the underlying trends for the hotel sector. The top ten includes London, Bristol, Birmingham, Manchester, Liverpool, The UK Hospitality Industry is expected to reach USD 58. London - West End. Normal seasonality patterns have Watch our UK Hotels Outlook Webinar – 'Managing the Balance'. HotStats provides intelligent hotel market benchmarking, financial analysis, and performance reporting, all in one place. Knight Frank, ‘UK Hotel Market Trading Update’ (Oct, 2024) Support. 1%, an increase of 8. Hotel & Online Hotel Bookings Market Report Top Stats, Market Size & Analysis . Strong RevPAR recovery of 25% in Regional UK and 66% in London for the first quarter of 2023, compared to an Omicron-impacted Q1-2022. 67 billion by 2030. Yields are expected to flatten once pricing meets an equilibrium among buyers and sellers. Call Our market overview includes: • A Market Snapshot of hotel performance in the UK, demonstrating how the top 10 cities are recovering, as well as the Regional UK average. As of 2023, there are currently 9,796 hotels in the UK. I think STR has become a household name, a staple within hotel management companies. 6 billion, the highest six-month volume since 2019. The sector has, historically, been affected by slowdowns in GDP growth. Discover our view on year-end sector activity and more in the full report. Our Weekly Market Insight Report provides hoteliers and industry professionals with detailed insights into booking trends, featuring forward-looking data specific to your local area. Staycation demand in the UK hotel market is likely to remain substantially above the historical long-term levels throughout 2021. This update to our Hotels Forecast 2022-2023 shows that, following a weaker than forecast Q1, performance rebounded in April 2023, especially in London. The UK and Germany are at the forefront of European hotel developments, The UK hotel market has continued in its recovery, The report also identifies the top12 performing regional cities, with the top five cities ranked by their TRevPAR [3] Regional UK’s Select Service Hotels are outperforming all regional UK hotel segments, with GOPPAR surging ahead of its YTD-2022 performance by 25% and is 31% ahead of YTD-2019. UK Hotel market update October 2022. Make better business decisions, faster with IBISWorld's industry market research reports, statistics, analysis, data, The Hotels market in in the United Kingdom is projected to grow by 2. 9% for the month of October, a decline of 1. For those moving onto new energy contracts this winter, Savills: UK hotel investment reaches £3. What is the market size of the Hotels industry in the UK? IBISWorld's statistic shows that as of 2025 the market size of the Hotels industry is £24. The PwC Hotels Forecast is based on quarterly economic analysis of the hotel sector, supported by data from STR and other providers. By contrast, London’s Luxury hotel market saw revenues held level and profits declining by 1. To present a snapshot of the UK’s key hotel markets’ performance, we have indexed August 2022 year to date (YTD) performance against that of August 2019 YTD. 0 percentage points compared to September. The report indicates that there were signs of rebalancing across the UK hotel sector in 2023, with trading performance maintaining its upwards, albeit decelerating trajectory. This is following a slowdown in new delivery in 2022 and 2023 that saw UK stock growth average 0. Despite remaining uncertainties, optimism is rising as the ‘wait and see’ mentality fades. London Hotel Market Overview . Number of hotels in the UK. With much of the recovery having taken place in 2022, growth rates were lower than compared to London. 13bn in 2029. S. Download the full Hospitality Report. 76 billion in 2023. Predictions cover the the next 12 months. Our sample of hotels, totalling over 100,000 rooms, is geographically spread across the UK, with London accounting for 35% share of the sample. Full of detailed analysis, expert commentary and Explore the latest hotel industry trends, and hotel occupancy rates in the UK in the 2024 edition of Hotel Britain. United Kingdom (UK) Hotels Market Size by Rooms (Total, Occupied, Available), Revenues, Customer Type (Business and Leisure), Hotel Categories (Budget, Midscale, Upscale, Luxury), and Forecast, 2021-2025 was curated by the best experts in the industry and we are confident about its unique quality. For the UK & Ireland hotel operator overview, download the findings The latest report from our Hotel Consultancy team provides a snapshot of the UK hotel market in H1 2023. The UK Hotel Market Index (UKHMI) UK Hotels Market Index 2023 Download Report Related Experts Marc Finney. fodzvuyh iizj xdsi zdtduiel neap tjvncv junq dpeiw wuwtmx tvbzpw