The Hotels industry has performed well over the past five years, despite revenue declining over the three years through 2010-11 due to the economic downturn leading both tourists and businesses to cut back spending on travel. Since 2011-12 conditions have been more favourable thanks to major events like the London Olympics and an improving economic situation encouraging international and domestic tourists to travel in the United Kingdom, lifting demand for hotel accommodation and supporting industry operators. The strengthening economy, a warm summer and the enduring popularity of London as a tourist and business destination stimulated tourism and demand for hotels in 2014-15.
The industry includes hotels that provide accommodation to UK residents and international guests. These establishments also have other facilities, including restaurants, recreational areas, conference rooms and convention centres, and offer laundry services and parking.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.