Friday, August 24, 2012

UK Hotels Forecast (2012, 2013)


2012 forecast
  • A record year for London with 2.8% revenue per available room (RevPAR) growth and London hotel occupancy in the third quarter hitting almost 92%.
  • Another difficult year for the regions with RevPAR likely to fall by 1.2% in the regions
2013 forecast
  • Lower demand and an east London supply spike could depress trading in London , with no quick relief for squeezed consumer spending, we anticipate a 3% fall in occupancy in 2013.
  • Meanwhile, regional hotels may at last see relief with some rates growth in 2013 as rates rise by 2.4%, but occupancy falls by -0.3% and RevPAR rises by 2.0%.

http://www.pwc.co.uk/hospitality-leisure/publications/uk-hotels-forecast.jhtml

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