UK Volume holds up at the expense of rate
UK Chain Hotels Market Review
TRI Hospitality Consulting Reports
Since the UK hotel market performance turned negative in September 2008, total room nights sold in the UK have dropped by 2.7%, which is partly attributable to an increase in bedroom stock of around five per cent. Although the budget sector experienced the strongest growth in supply of over nine per cent, compared to less than one per cent for the full-service sector, total room nights sold only marginally dropped by 1.5%, compared to four per cent for the full-service sector. This highlights the relative resilience of budget hotels to the economic downturn.
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