Industry Analysis & Industry Trends
Over the past five years, the financial crisis and subsequent recession marred the performance of hotels and motels operating in the United Kingdom. The recession had a detrimental effect on household wealth across the country and the globe, with corporate profits falling substantially as a direct result of the financial crisis. Consequently, business travel budgets were slashed and highly indebted households found it increasingly difficult to finance trips and holidays. This reduced domestic and international travel in the United Kingdom, from both household and business markets. IBISWorld estimates that over the five years through 2011-12, industry revenue will contract by 1.1% per annum to £15.8 billion. Revenue is expected to grow by 2.0% in 2011-1... purchase to read more
Industry Report - Industry Products Chapter
The primary function of industry operators is to provide accommodation for UK residents and foreign travellers. This varies according to level of luxury and other services provided, such as in-house restaurants or conference facilities. According to VisitEngland, hotels and motels make up about 30% of all accommodation stock in the United Kingdom.
Hotels that are licensed are permitted to offer guests alcoholic beverages that can be consumed on the premises. There are certain requirements that hotel operators must fulfil in order to be granted a licence. Gaining a licence can be difficult depending on the size and type of hotel or motel... purchase to read more