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Hotels & Motels in the UK - Industry Market Research Report

Hotels market in the United Kingdom to grow 1.5% CAGR between 2014-19


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2014-01-24 23:26:02 - Hotels & Motels in the UK - Industry Market Research Report - a new market research report on companiesandmarkets.com

Over the past five years, poor economic conditions have hindered the overall performance of the Hotels and Motels industry. Household wealth and corporate profit levels have fallen across the country and the rest of the world, meaning business travel budgets were slashed and highly indebted consumers found it increasingly difficult to finance holidays.

This reduced domestic and international hotel demand from both consumer and business markets in the three years through 2010-11. However, industry conditions improved markedly in 2011-12 and 2012-13 as the London Olympics and a generally weak pound boosted tourism activity. Other events including the Queen´s Diamond Jubilee, Royal Wedding and Royal Baby have also helped put the United Kingdom on the tourist map, supporting demand for hotels.

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