hotel bulletin
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...
Rising Costs Prove Challenge to UK Hotels Prompting Slowdown in RevPAR Growth
HVS | November 8, 2017
08 November 2017, London: Some investors could become increasingly wary of hotel assets as RevPAR plateaus amid predictions of labour shortages and increasing costs, according to Hotel Bulletin Q3 2017 published this week by HVS, AlixPartners, STR and AM:PM. The Bulletin reports that in Q3 2017 average growth in RevPAR (rooms revenue per available room) at 5% was the lowest level since Q1 2016, although the long-term outlook for UK hotels remains firmly positive. While these results outpace UK GDP growth, which has averaged below 1% in the same period, the impact of a lower growth environment, global political uncertainty and an increas...
Reliance on Corporate Business Prompts Growing Divide in UK Hotel Performance, Says Hotel Bulletin
HVS | February 7, 2017
07 February 2017, London: A growing divide is emerging in the UK's hotel sector between the performance of leisure-based hotels compared with primarily business-orientated properties, according to the latest Hotel Bulletin Q4 2016, published this week by HVS, AlixPartners, STR and AM:PM. Those hotels in cities with a more developed tourism industry performed noticeably better in Q4 2016 as a result of the weaker pound attracting foreign tourists and Brits choosing staycations. Belfast, for example, saw RevPAR (rooms revenue per available room) growth of 23% during the final quarter of 2016 on the back of significant investment in the ci...
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 ...
UK Hotels Show Mixed Results in Q2 with Subdued Trading Forecast Says Hotel Bulletin
HVS | August 9, 2016
9 August 2016, London: Hotel occupancy in London showed its sixth consecutive quarter of year-on-year decline with Brexit poised to subdue the sector further, according to the latest Hotel Bulletin: Q2 2016, published this week by HVS, AlixPartners and AM:PM. Hotel occupancy in the capital, in common with other major European cities, continues to be affected by increased global terrorist activity. London has also seen a decline in the number of US tourists travelling because of the presidential election. The impact has been a 2% decline in London's RevPAR compared with Q2 2015 and average room rates failing to increase for the second co...
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 ...
