Hotelbeat London & Regional UK - January 2016
STR Global and Whitebridge Hospitality are pleased to present this updated analysis (first undertaken in 2011) which demonstrates the true state of the hotel sector in London and in Regional UK. The data is based on two constant samples of hotels (totalling more than 25,000 rooms), over an 15-year period (2000-2014), whose performance statistics have been re-based in constant 2014 values ('real terms').
STR Global and Whitebridge Hospitality are pleased to present this updated analysis (first undertaken in 2011) which demonstrates the true state of the hotel sector in London and in Regional UK. The data is based on two constant samples of hotels (totalling more than 25,000 rooms), over an 15-year period (2000-2014), whose performance statistics have been re-based in constant 2014 values ('real terms'). Naureen Ahmed, Manager Marketing & Analysis, STR Global, comments: "It is reassuring to see the turnaround in UK hotel markets. Demand growth over recent years has driven occupancy and Regional UK hotels have reflected the pick up in the domestic economy through improved performance levels. London has sustained higher levels of performance for many more years, including GOP margins around 50%, even during the recession years." Philip Camble, Director of Whitebridge, comments: "It is encouraging to see Regional UK occupancy return to 'pre-Crunch' levels and GOP levelling off. However, ADR still has some way to go and an ADR-led recovery should result in further consolidation in GOP and, with a fair wind, lead to more solid growth in profits in years to come.
About Whitebridge Hospitality
Whitebridge Hospitality is a specialist advisor to investors, developers and operators in the hospitality industry around the globe. We provide investment, operational and planning advice, and guidance in respect of the entire hospitality spectrum, including: hotels, mixed-use developments, conference and exhibition centres, spas, leisure facilities, casinos, visitor attractions and sporting venues. Our uniquely qualified team can provide services throughout an asset's life cycle, from site selection and acquisition, through master planning and feasibility studies, to operator selection, operational and asset strategy advice, to sale and agency services.