Each year the British hotel industry and related sectors look forward to the release of Hotel Britain, BDO’s annual report showing how UK hotels are performing. Formerly published by PKF Consulting, once BDO and PKF merged the decision was made to retain this valuable research report – and for that we and the industry are grateful. The 2014 report contains:
- Detailed performance on Britain and its regions, noting underlying trends for key markets.
- Historic performance data.
- Analysis, expert commentary and insights into future prospects, explaining what 2013 held for the hotels sector.
Here are some of the many key points contained in Hotel Britain 2014:
- UK economy showed tentative signs of improvement in 2013, though it remained fundamentally weak. However, the service sector has shown a bounce back since the recession.
- Crowning two consecutive years of growth for international visitors, 2013 also saw the most inbound trips for some time. Visitors reached 32.9 million, up by 5.8% from 2012 and the highest figure since 2007.
- UK hotels overall had a good 2013. This was especially true in the regions, which outperformed London compared to the previous year. Regional hotels’ performance was driven by the increase in occupancy, while AARR remained stable. This has prompted new confidence in the Regions, where the MICE market is also returning to some extent.
To see the full Hotel Britain report and read the detailed breakdown of research, visit the BDO’s Hotel Britain website.