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Hotel Bulletin Reveals Q4 2017 Was Tough for UK Hotels but Long-Term Outlook Looks Strong
HVS | February 7, 2018
07 January 2018, London: Hotels in over half the 12 cities surveyed in the latest Hotel Bulletin, published this week by HVS, AlixPartners, STR and AM:PM, recorded declining occupancy in Q4 2017, with the other half reporting limited growth. The results demonstrate the tough trading conditions hotels faced at the end of 2017, with four cities showing a decline in RevPAR (rooms revenue per available room) and only hotels in Belfast recording double digit growth. "Belfast has been in the top three cities for growth every quarter in 2017, boosted by the weak pound which has improved visitor numbers and the fact the hotel market is relative...
Hotel Investors in the UK Play the Waiting Game Prompting a Nearly 50% Fall in Hotel Transactions in Q3 2016, says Hotel Bulletin
HVS | November 8, 2016
08 November 2016, London: Transactions in the UK hotel market are likely to be subdued until the terms of Britain's exit from the Europeon Union become clearer and business confidence returns. The latest Hotel Bulletin, published this week by HVS, AlixPartners and AM:PM, outlines the fact that hotel transactions in Q3 totalled £522m in value, nearly half of that recorded in Q3 2015. Total transactions for the year-to-date were also significantly below that of last year. "There is still no strong indication of what form Brexit will take and this uncertainty has led to indecision and delays in hotel property transactions," said HVS ...
Fall in Average RevPAR Suggests the United Kingdom’s Hotel Property Market has Reached a Plateau
HVS | May 10, 2016
10 May 2016, London: The UK's hotel market saw its first decline in average RevPAR (rooms revenue per available room) in four years during the first three months of 2016 adding further fuel to the suggestion that the peak of the hotel property market may have been reached. According to the latest Hotel Bulletin: Q1 2016, published by HVS, AlixPartners and AM:PM, a poor start to the year for hotels in Aberdeen saw RevPAR fall by 37% year-on-year, skewing overall results across the 12 cities analysed. Even excluding Aberdeen's results, the overall market grew by only 1%, its lowest increase since Q1 2012. While London remains a popular de...
London to Gain 7,000 Hotel Bedrooms in 2016 While Demand Subdued Says Hotel Bulletin
HVS | February 9, 2016
9 February 2016, London: London will see the opening of a massive 7,000 hotel rooms this year, double that of last year's openings, putting additional pressure on occupancy levels and achieved room rates. Across the UK some 16,000 hotel rooms are expected to open this year, compared with 10,000 last year, according to the latest Hotel Bulletin: Q4 2015, published by HVS, AlixPartners and AM:PM. RevPAR growth across 12 UK cities in Q4 2015 was an average of 2%, significantly lower than the 19% average growth recorded in Q4 2014, with occupancy in the same period falling in eight of the 12 cities. London's occupancy declined for the fourt...
Budget Hotels Make up Half of UK’s Development Pipeline as Popularity of Low-Cost Rooms Continues
HVS | November 11, 2015
11 November 2015, London: The march of budget hotels continues in the UK, with over 1,500 budget rooms added to the sector's pipeline in Q3 2015 alone, according to the Hotel Bulletin Q3 2015 published this week by HVS, AlixPartners and AM:PM. For the first time budget bedrooms account for more than half the UK's active hotel development pipeline – with the sector showing no signs of slowing. "The low-cost budget sector continues to be popular with both leisure and corporate guests who appreciate their emphasis on the basic necessities of a decent bed, quality shower, free wifi and a TV. With the development of sub-brands such as ...
Conference Market Proves Bright Spot in UK Hotel Slowdown
HVS | August 13, 2015
13 August 2015, London: Following several years of strong growth in the UK hotels market there are now signs of a slowdown in the sector prompted largely by the weakening of the Euro, a downturn in long haul visitors and strong competition from other European cities. According to the latest Hotel Bulletin Q2 2015, published this week by HVS, AlixPartners and AM:PM, trading across the UK's hotel market is still seeing growth, albeit at a slower rate than previously. In Q3 2014 the UK hotel sector enjoyed an average regional RevPAR increase of 21% [Rooms Revenue Per Available Room is the standard industry measure of performance]. This gro...
