Hotel Bulletin Q3 2016
Strong Performance for key UK tourist cities post Brexit vote
The Q3 2016 Hotel Bulletin analyses the first full quarter of data following the EU referendum in June. Very early trends suggest that a divide could be emerging between leisure and corporate focused markets. Cities with larger tourist industries recorded strong RevPAR growth as international visitors flocked to benefit from a weaker Pound, whereas cities outside this group continued recent trends of plateauing or declining RevPAR.
The Q3 2016 Hotel Bulletin analyses the first full quarter of data following the EU referendum in June. Very early trends suggest that a divide could be emerging between leisure and corporate focused markets. Cities with larger tourist industries recorded strong RevPAR growth as international visitors flocked to benefit from a weaker Pound, whereas cities outside this group continued recent trends of plateauing or declining RevPAR. This quarter's Focus examines he independently branded hotel market, where a number of groups have created unique customer propositions and enjoyed significant success.