UK Hotel Market Underperforms compared to the EU

The UK lodge market is underperforming in comparison with the EU common on each key metric in keeping with a latest examine.

The newest knowledge launched by UKHospitality reveals that RevPAR change in November 2018 in comparison with November 2017 in EU is +4.5% whereas it’s 1.7% within the UK. Occupancy Fee change in the identical interval is +1.2% in EU, whereas +0.6% within the UK.

UKHospitality Chief Government Kate Nicholls stated: “While we wait to evaluation the total 12 months figures for 2018, knowledge exhibiting the UK’s newest efficiency is a priority – notably throughout a time of such nice political and financial uncertainty. These figures arrive at a time when an ill-advised proposition of a Vacationer Tax stays a chance, Enterprise Charges proceed to break the expansion of the hospitality sector as a complete and extra readability is desperately wanted on the Brexit deal and future immigration system. The choices made in Westminster in 2019 could have a major impression on our sector and we’re making each effort to make sure that the Authorities totally understands what the sector must fulfil its progress potential and proceed its vital contribution to the UK’s financial and social wellbeing.”

Extra comparisons are as follows:

Month-to-month outcomes:

ADR change by nation November 2018 vs November 2017

Euro common +2.7%
UK +1.0%

YTD outcomes – RevPAR change by nation November 2018 vs November 2017

Euro common +4.1%
UK +1.0%

YTD outcomes – Occupancy Fee change by nation November 2018 vs November 2017

Euro common +1.0%
UK +0.6%

YTD outcomes – ADR change by nation November 2018 vs November 2017

Euro common +2.7%
UK +1.1%

 

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