Archive for the hotel growth Category

Hotel growth to slow in 2018, says PwC

A mixture of economic growth deceleration, the wearing off of the weak pound effect on inbound tourism and an increase in new hotel rooms will mean slower growth for the hotel industry next year, PwC’s latest UK hotels forecast shows. The outlook for London remains positive, with year-on-year occupancy growth of 2.3% forecast for this year with a further marginal increase of 0.2% in 2018, taking occupancy up two percentage points to 83%. Average Daily Rate (ADR) growth is forecast to increase 3.6% in 2017 with additional growth of 2.2% in 2018, taking ADR to £145 and £148 respectively. This

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