Hundreds of new businesses for sale and companies in administration added every week - Subscribe here or call 0208 875 0200
|
|
|
|
|
|
|
|
|
|
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.
The full article is available to our paying subscribers.
Subscription costs only £225 for 12 months.
To subscribe, please click here.
Alternatively, you can telephone us on 020 8875 0200.
|
| |
|
|
|
|
|
|
|
© 1995-2012. A division of Business Data International Ltd. All rights reserved. www.business-sale.com. Tel: 0208 875 0200
|
