uk hotel market
STR: Coronation, Eurovision Driving Hotel Bookings in Key U.K. Markets
STR | April 27, 2023
LONDON – Multiple events in the U.K., including the King’s coronation and Eurovision, are driving hotel occupancy on the books in both London and Liverpool, according to STR’s Forward STAR data. King Charles III’s coronation London’s hotel occupancy on the books (as of 24 April) shows May highs during the coronation weekend: Friday, 5 May (67.7%) and Saturday, 6 May (66.8%). At this time last year, bookings were slightly below these levels, at 58.8% and 61.9%, respectively. The actual levels for the comparable dates reached 75.4% and 80.1%, respectively. “As we approach the historic coronation of His Majes...
7 Changes the UK’s Hotel Sector Can’t Afford to Ignore
HVS | January 13, 2022
The pandemic, Brexit and ongoing supply issues have prompted key changes in the UK’s hotel sector, many of which are long-term, if not permanent. ‘The past 18 months has been an unprecedented time for hotels. In order to survive, businesses must embrace change across their entire operation and do so quickly,’ says HVS London chairman Russell Kett, who outlines seven changes that businesses can’t afford to ignore as we move into 2022. 1. Reliance on technology: The use of smart rooms, digital reception, keyless rooms entry, smart payment, smart check-in/-out – with some hotels eliminating the need for a front-of-h...
London’s Outlook: An Analysis by Hotel Class
STR | October 11, 2021
When booking a hotel room, guests are considering more factors than ever in deciding which property to call home in their destination. One of the many considerations is price, and by extension hotel class, which leads us to this latest analysis of occupancy on the books in London. Examining future occupancy levels by class allows for a better understanding of the traveler booking rationale for the upcoming months. Merry Christmas and not such a Happy New Year The short-term outlook for London is positive as summer ends and the industry transitions into the typically slower autumn and winter months. Leading bookings in the short-term are...
Rising Costs, Staffing Shortages and Multi-Speed Recovery Play Havoc With the UK Hotel Sector
HVS | October 7, 2021
06 September 2021, London: Resetting the hotel balance sheet to be fit for recovery was the theme of the latest conference organised by global hotel consultancy HVS, legal expert Bird & Bird, publishing group EP Business in Hospitality and restructuring advisory firm AlixPartners. Addressing both in-person and online delegates yesterday [5th October 2021) Graeme Smith, EMEA head of hospitality & leisure at AlixPartners considered the support received by hotels from lenders, resulting in limited restructuring activity, despite disruption that the pandemic caused. “There are now a number of different lenders, the landscape ...
UK’s Status as Most Visited Destination for US Tourists in Europe Is Threatened by Mandatory Quarantine
GlobalData | July 12, 2021
The UK’s status as the most visited destination for US tourists in Europe is threatened by the mandatory quarantine on arrival. The list of European destinations now allowing US tourists to travel without quarantine is growing, meaning other European hotspots could prove to be more desirable in the short term, says GlobalData, a leading data and analytics company. Johanna Bonhill-Smith, Travel & Tourism Analyst at GlobalData, comments: “News of a transatlantic air bubble or ‘travel corridor’ between the UK and the US has long been rumored. What remains clear is that the longer it is delayed, the greater risk of US tourists opti...
COVID-19 Recovery in the UK – The Importance of Domestic Demand
Stephen Collins | May 28, 2020
By Stephen Collins Like much of the world, the UK has been hit hard by the coronavirus, with more than 37,000 deaths and 265,000 confirmed cases as of 27 May and the highest number of attributed deaths in Europe (although fewer deaths per capita than Spain, Italy and Belgium). The pandemic has hit all areas of the economy, but the hospitality industry has undoubtedly been and will continue to be one of the worst affected. Fortunately, there is light at the end of the tunnel for the lockdown phase, and the focus of hoteliers is shifting from how to manage the closure to developing a sound reopening strategy. On Sunday, 10 May, Prime Mi...
COVID-19 Webinar Summary: 5 Key Points on U.K. & Ireland, 24 April
STR | April 27, 2020
Knowing you might not have time to watch our full webinars, we’re pleased to continue our series of COVID-19 webinar summaries. In this latest edition, we talk performance in the Regional U.K. as well as business on the books in London and Europe recovery forecast. Regional U.K. occupancy drops as number of cases increase Occupancy has been decreasing as the number of COVID-19 cases rises in the Regional U.K. Occupancy started to decrease before government measures to combat the spread of COVID-19 due in part to travel restrictions in other countries. Strong demand on the books in Edinburgh and Glasgow E...
Tough Year Ahead for UK Hoteliers With Key Issues to Tackle
HVS | January 7, 2020
HVS identifies five key issues that hotels need to consider moving into the new decade, including the fact that travellers are now expecting a more personal service, the issue of corporate responsibility and the importance of attracting and retaining good staff UK hoteliers face a tough year in 2020 with a growth in rooms supply increasing competition and dampening revenues despite underlying demand remaining strong, according to global hotel consultancy HVS. “Hotels in the UK provinces found 2019 challenging and there seems to be little opportunity to improve this performance in 2020,” commented HVS London chairman Russell Kett. ...
