9% rise in total visitor numbers to the UK
The UK’s hotel sector has demonstrated its ability to withstand recent terror attacks according to Quantuma, the leading corporate recovery and business advisory specialist.
Graham Randall, a partner at Quantuma’s Bristol office, was commenting after new figures revealed strong expansion and occupancy rates.
Mr Randall, who specialises in the hotel and leisure sector, said: “With over 7,500 hotel rooms opening in the first half of 2017, the UK hotel market has performed exceptionally well.
“During the first half of 2017 we have witnessed the highest occupancy rates and highest average daily rate per available room (RevPar) for any first half year on record.”
The booming hotel figures coincided with a 9% rise in total visitor numbers to the UK in the same period, according to VisitBritain, and Mr Randall said he expected this positive growth to continue.
He added: “The advantageous currency exchange rate is not only attracting an increasing number of visitors, but the amount they are spending is 14% up.
“Meanwhile, Premier Inn continues to open new sites, and with demand set to continue growing Hilton have also reported significant expansion plans for the UK, with 30 new hotels proposed over the next two years.”
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Notes to Editors
Quantuma LLP is a leading restructuring and insolvency practice delivering partner-led solutions to businesses and individuals facing financial distress with offices in London, Southampton, Marlow, Watford, Brighton, Bristol, Manchester and Birmingham.