BDO UNITED KINGDOM - Hotel Britain 2017 - A guide to the performance of hotels in the UK
10 April 2017
BDO's hotels, tourism, hospitality and leisure and real estate team has many decades of specialist development and operational experience across the sectors. The overall team is part of one of the largest in the UK consisting of professionals dedicated solely to hotels, leisure and hospitality work and includes a number of published authors in the field. Our client base includes FTSE 100 companies, large fund managers, individual owners and developers, banks and institutions.
We have been collecting and analysing data on all types of hotels in a wide variety of locations for many years. The result is a database without parallel, setting BDO apart from our competitors, and is one the most respected source of information within the industry, providing us with access to the latest market trends.
Teamed with our specialist sector knowledge, this data resource enables us to produce and provide our clients with valuable research material of which Hotel Britain is one of our suite of publications.
The report is the definitive guide to UK hotels performance over the previous year. Our analysis focuses on national and regional performance, highlighting the underlying trends for key markets and segments. Our research also considers other main influencers such as tourism and passenger numbers and external factors that may affect the sector.
The report has been compiled from the responses of a representative cross-section of 649 hotels comprising 82,165 rooms. The results are grouped according to geographic location.
Key findings of Hotel Britain 2017
Highlights from this year’s report include:
- London hotels’ performance remained flat during 2016 however, AARR showed healthy growth for most London hotel segments. The top performing segment was townhouse and boutique hotels.
- Regional hotels continued to experience a steady growth and occupancy was up by 1.0% to 76.7% setting a new record.
- Overseas visitor numbers grew for the seventh consecutive year in 2016 setting a new annual record at 37.3 million for any 12 month period.
- UK airports experienced a record breaking year in terms of passenger growth, up by 6.3% to 270.7m.
- The volume of UK hotel transactions was down by approximately 56%. An improved economic forecast for the UK and further currency depreciation could see transactions levels remain at similar levels in 2017.
- There are currently over 16,000 rooms in the UK’s active hotel pipeline expected to be opened during 2017 and 2018.
We conclude by predicting the key market developments and key trends for 2017. Download the complete detailed analysis, expert commentary and insights into future prospects. This edition looks at what 2016 was really like for our hotels sector.