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Hotels in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Hotels Market Research Report | SIC I55.100 | Apr 2017

Suite success: High demand from foreign tourists is expected to support revenue expansion

IBISWorld’s Hotels market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
InterContinental Hotels Group plc InterContinental Hotels Group plc market share
Whitbread plc Whitbread plc market share
Industry Statistics & Market Size
Revenue
£18bn
Annual Growth 12-17
3.8%
Annual Growth 17-22
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Profit
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Employment
381,557
Businesses
9,371
Industry Analysis & Industry Trends

The Hotels industry has performed well over the past five years. Since 2011-12, conditions have been favourable, in part thanks to major events like the London Olympics and Rugby World Cup encouraging international and domestic tourists to travel in the United Kingdom. This has lifted demand for hotel accommodation, supporting industry operators. Continuing global economic growth, the weak pound and the enduring popularity of London as a tourist and business destination are expected to stimulate demand for hotels in 2016-17. As a result, revenue is estimated to grow by 4.4% in the current year. IBISWorld expects industry revenue to rise at a compound annual rate of 3.8% over the five years through 2016-17 to reach £18.3 billion... purchase to read more

Industry Report - Industry Products Chapter

Hotels in the United Kingdom are often rated using a star system, although an internationally defined set of criteria does not exist, making it difficult to use this rating system. In addition, some hotels are unclassified, particularly in the branded budget segment. Various measurements are used to determine the classification of a hotel, with the level of service, provision of facilities and amenities, and physical quality as the deciding factors.

Economy hotels

The economy segment is diverse, featuring the lowest star-rated hotels and unrated branded budget chains. The provision of basic room amenities such as toiletries and towels in addition to buffet breakfast is typical for hotels operating in this segment. Som.. purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Hotels Industry?

The industry includes hotels that provide accommodation to UK residents and international guests. These establishments also have other facilities, including restaurants, recreational areas, conference rooms and convention centres, and offer laundry services and parking.

Industry Products
Luxury hotelsUpscale hotelsMidscale hotelsEconomy hotels
 
Industry Activities
Providing accommodationHosting meetings, conferences and events


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