NEWS
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| UK hotel industry shakes off recession to post record expansion, says study |
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| POSTED 15 May 2014 . BY Jak Phillips |
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Peter Ducker, chief executive of the Institute of Hospitality, hopes to chart the growth of the industry's key sectors
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The UK hotel industry defied the recession to record its largest ever expansion in the decade up to the end of 2013, with total investment for the period topping £13bn, according to a new report.
The industry added 106,380 new rooms over the 10-year period, while shedding 40,000 to record a net gain of around 66,000 rooms. And the growth looks set to continue, with 9,300 more rooms planned for 2014 and 2015 in London and over 14,700 rooms elsewhere in the UK.
Hospitality Digest 2014, a new 190-page publication by the Institute of Hospitality, used figures provided by construction consultants Gleeds to produce an overview of key facts and figures outlining the UK hospitality industry and the trends that are underlying its growth.
“In a single publication it contains all the key factual information on the growth of the industry’s key sectors – tourism, hotels and foodservice, as well as articles and information on employment and education in the industry,” says Peter Ducker, chief executive of the Institute of Hospitality.
“We believe it complements the information that is available in our library and builds the Institute’s reputation as an up-to-date source of knowledge on the hospitality industry,” Ducker concluded.
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PwC report bullish on outlook for UK hotels
POSTED 20 Dec 2013. BY Martin Nash

A new report from PricewaterhouseCoopers (PwC) sees the company remaining
'cautiously upbeat, but increasingly optimistic' about the outlook for the UK's
hotel sector in 2014.
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‘Insatiable’ appetite for UK hotels as spending tops £3bn
POSTED 18 Nov 2013. BY Tom Anstey

There is an “insatiable” appetite for London hotels from foreign investors which
has contributed to more than £3bn of UK hotel investment in 2013 – almost
double 2012’s total and the highest since 2007 – according to realtor Savills.
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PwC report says it's good news for hotels
POSTED 27 Sep 2013. BY Kath Hudson

According to PwC’s 2014 UK hotels forecast, the industry has weathered the
economic storm of the last three years and occupancy, room rates and REVPAR
are
on the up.
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