UK hotels forecast 2011 and 2012: How big a party for hotels in 2012?
Latest insights from Hospitality Directions Europe. PwC's UK Hotels forecast provides in-depth forecasts of hotel revenues and occupancy rates and gives our insights on what the key trends and issues will be for the sector. In this issue: More growth and new hotels for London: Our latest hotel forecast anticipates continued strong, but decelerating, revenue per available room (RevPAR) growth of 8.3% in London in 2011.
In this issue:
More growth and new hotels for London
Our latest hotel forecast anticipates continued strong, but decelerating, revenue per available room (RevPAR) growth of 8.3% in London in 2011.
Provinces: could 2011 be the year of catching up?
In the provinces we expect average room rates (ARR) to advance by 3.4% after two years of decline.
Business travel helps support recovery
The business travel revival continues and a main holiday remains a key priority for consumers, despite slow economic growth and higher unemployment.
Great expectations: does an Olympic bonanza beckon?
Next year sees the Olympic and Paralympic Games come to London and we predict a large ARR surge boosting RevPAR in Q3. However, we anticipate the expected Olympic bonanza may not be quite as large as many hoteliers hope. Could public sector cutbacks spoil the party and a large supply shock cause a post 2012 hangover in London?