Tue, Nov 25, 2014
A A A
Welcome hendrik.absolut
RSS

Real Estate Briefing - Categorized | Commercial property Watch, Emerging Trends more

London, UK hotel market forecasted to have growth in 2013

Posted on 18 January 2013

According to STR Global and Tourism Economics, London and the overall UK region’s hotel market is expected to enjoy both positive supply and demand growth in 2013.
Supply in London is projected to increase by 3.5 percent, while demand will grow by 2.9 percent. The excess supply is forecasted to lead to an occupancy decrease of -0.5 percent in 2013. Revenue per available room (RevPAR) is expected to decline by -1.6 percent, primarily driven by a decrease in average daily rate (ADR) of -1.1 percent to GBP139.13………………………………………..Full Article: Source


 Article link

This post was written by:

Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


Contact the author

Comments are closed.

banner
November 2014
M T W T F S S
« May    
 12
3456789
10111213141516
17181920212223
24252627282930