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, weaker sterling and the enduring popularity of London as a tourist and business destination are expected to stimulate tourism and demand for hotels in 2016-17. As a result, revenue is estimated to grow by 2.5% in the current year. IBISWorld expects industry revenue to rise at a compound annual rate of 3.6% over the five years through 2016-17 to reach £18.1 billion... purchase to read more
Industry Report - Industry Key Buyers Chapter
IBISWorld estimates that the four largest players in the Hotels industry control less than 15% of the market in 2016-17. Due to InterContinental Hotels Group's (IHG) change in business model in recent years, with revenue from franchise operations not being included, IHG does not count as one of the largest four players. No single player exists with the scale to dominate the market. However, Premier Inn, the largest operator in the industry, has some influence on the prices and services offered in the budget branded hotel segment. Overall, the industry has a low concentration level and is highly fragmented. This is likely to remain a feature of the industry in future years, although branded budget chains are set to continue expanding their market share.
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