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Bright Prospects for the UK Hotel Sector

Bright Prospects for UK Hotel Industry

The latest forecast from PriceWaterhouseCoopers has shown that the future for the hotel sector is looking bright, with the industry set to experience its best year since 2000. The accountancy firm's biannual Hospitality Research Journal revealed that both occupancy and average room rates are on the increase at a higher rate than previously predicted. As such, the inclusion of hotels would make a sensible addition to any investment portfolio.

The results this year have been strongly influenced by a dramatic upturn in the fortunes of London, which suffered heavily from the impact of the July 2005 terrorist attacks. In March 2006, PwC predicted London's revenue per available room (revPAR) growth would be 3.3 per cent, but with London occupancy rates now set to reach their highest levels for a decade, this figure has been revised to 12.9 per cent.

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Business Type
Location

Reuters to be bought out by Thomson
16 May 2008
Reuters, the news and information group is to be bought out by Thomson, the Canadian financial data ...[more]
Anite may sell off public services division
14 May 2008
Anite, the UK-based IT solutions company, is currently undergoing a strategic review of its public s...[more]
Net-a-Porter.com could be put on the market
12 May 2008
Natalie Massenet, founder of the online fashion retail business, Net-a-Porter.com, is thought to hav...[more]
Dynmark could be put on the market
09 May 2008
Mobile bulk messaging group, Dynmark, is undergoing a review of its business which may lead to a sa...[more]
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