MONTH IN REVIEW
MONTH IN REVIEW
www.hotelowner.co.uk
PROPERTY
UK hotel sector
sees 37% rise in
new-build hotels
The UK hotel industry saw 15,200 new
hotel rooms opened in 2017, a 2.4%
growth in the UK hotel supply with
the proportion of new-build hotels
increasing by 37%.
The research, by property consultants
and agents Knight Frank, also found
that 21,000 new rooms are scheduled
to open in 2018, representing a 3.3%
growth in the UK hotel market.
The annual UK Hotel Development
Opportunities 2018 report discovered
that the budget hotel sector
represented 69% of all new build hotel
stock and 65% of all hotel extensions,
with some 8,300 new branded budget
hotel rooms planned to open in 2018.
Knight Frank also expects the growth
in 2018 of the four-star and serviced
apartment sectors, equating to some
8,500 rooms, is set to challenge the
market share of new rooms in the
budget sector, falling to around 39% of
the total new bedroom stock in 2018.
The branded budget sector, however,
is set to continue to grow its market
share, accounting for over 25% of the
UK hotel supply.
London saw a 70% increase in new
build hotel openings, with over 4,100
new build rooms opening, fuelling
this growth has been the strong rise
of budget hotel rooms in the capital,
which account for 67% of all new build
bedroom stock.
Additiona