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18 January 2018
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£5B were poured in UK's hotel industry in 2017

12 January 18 - RE+D Magazine
£5B were poured in UK's hotel industry in 2017

COMPANIES

Savills

Consultant - GREECE

Solum Property Solutions

Consultant - GREECE

ETAD.A.E.

Public entity - GREECE

IBI Group

Consultant - GREECE

PEOPLE

Antulio Richetta

Director IBI Group
Investors plowed £5billion into the UK's hotel sector last year, as the industry rode high on an influx of visitors.

 

More than half of the interest came from foreign investors, according to global property adviser Knight Frank.

The UK hotel market has witnessed an exceptionally robust trading performance in 2017 with record RevPAR levels, achieving £89 for August YTD, up 7.4% compared to the same period in 2016.

Whilst both London and Regional UK markets have recorded growth in occupancy, of 1.6% and 1.8% respectively for August YTD, London has outperformed provincial markets, with a 9.1% surge in RevPAR growth achieved through an exceptionally strong uplift in the Average Room Rate to £161.

The high level investment marked a whopping increase of 35% on the previous year.

The shifting and breakup of portfolios also contributed to the increase in activity, putting more single high-value assets up for grabs.

While Knight Frank predicted that an uncertain climate could lead to a slower rate of investment this year, head of hotels and leisure at Knight Frank told cityAM that the UK's hotels were still seen as a strong investment.

Read more.

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