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.
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