Budget hotels forecasted to prosper

The upscaling of budget hotels across the UK in the last few years has had a positive effect on the market with budget brands set to make up 47% of new hotel development over the next three years.

Growth

Richard Carr Travelodge

Travelodge is dominating the budget hotel market

Residential and Commercial Development Specialist Richard Carr has helped gain planning approval on a variety of hotels based in the south of the country. Examples of his planning achievements can be seen on the ‘Developments’ page of his website.

According to BDO’s latest Hotel Britain report, it will be budget chains such as Premier Inn dominating the market.

The study cited the diversity of the budget hotel market, touching on developments such as Premier Inn’s hub, Citizen M, Tune and the Qbic Hotels, has helped drive growth in the industry.

Modernisation

The upgrading that has taken place in Travelodge, Whitbread and Holiday Inn hotels has also had a positive impact on growth. The trend is set to continue with strong development pipelines in place at the top UK companies.

Travelodge look set to take an even stronger grip on the market with plans to introduce 15 new hotels this year, whilst they have also identified an additional 250 sites.

5 star

The development activity and growth in the market wasn’t just at budget level, both five-star and apart-hotels have experienced good development activity. The sectors are expected to grow rapidly by 13 and 10 per cent.

An increase in tourism helped the four and five star market last year and another bumper year for overseas visitors is being predicted: “International visitors to the UK increased by 5.8% to 34.8m in 2014, and VisitBritain predicts another year ahead. Expenditure in the UK is also expected to grow to £22bn. All in all it’s clear that hotels across the UK have begun 2015 on a strong foundation,” Robert Barnard, Partner at BDO, told www.bighospitality.co.uk.

Richard Carr believes this report shows the benefits of a UK economy moving forward. Furthermore, it will provide a lot of new employment across a number of sectors.

Also, Whitbread announced their figures yesterday which were impressive, let’s get next Thursday (GE 2015) out of the way and see where we are!

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