uk hotel development opportunities 2019


How many new hotel rooms are opening in the UK?

The UK saw some 15,500 new hotel rooms opening in 2018, constituting a 2.4% growth in the UK hotel supply. The intensity and depth of the UK hotel pipeline has continued into 2019 with around 19,300 new rooms expected to open by the year end, equating to annual supply growth of 2.9%.

Where are the UK's most attractive cities for hotel development?

The Knight Frank UK Hotel Development Index illustrates that there are compelling reasons for investors to seek viable development and investment opportunities, with Edinburgh, London, Brighton, York and Birmingham ranked as the UK’s top 5 most attractive cities for hotel development. Previous article Politicians ‘Saving the High Street’?

How will the hotel sector perform in 2019?

Whilst the budget sector is expected to rise by a further 7,500 rooms in 2019, representing annual growth of 5%, its share of new hotel openings is steadily declining and set to fall to 39% of total new supply. Meanwhile, largely attributed to the growth in Lifestyle Hotels, both the four-star and three-star sectors, will witness strong growth.

What are the latest developments in the construction of hotel buildings?

This is most recent and promising development in the construction of hotel buildings. The technique has cut down the construction time and costs by 40% as compared to traditional construction method. In this method, room units are constructed separately and hoisted into the place with the help of cranes.

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