Hotels are on the comeback trail. More accurately hotels appear to be on two separate trails to recovery a super-highway for London and a much rougher Provincial trail.
PricewaterhouseCoopers' latest forecast for the UK hotel sector for 2008 to 2009 calls for a slowdown in demand and decelerating room rate growth but concludes that there is still plenty to play for on the UK hotel scene.
The online travel market is experiencing an evolution with the balance of power shifting over the past 12 months from online agencies to the suppliers, according to PricewaterhouseCoopers LLP.
Hotels are a hot topic at sports venues. As top sports venues seek to leverage their assets more effectively, they are exploring new business opportunities and investing in extensive modernisation and ambitious redevelopment schemes, many of which include hotels.
The UK hotel sector is set for two more good years ahead with room rates in luxury London hotels approaching £360 a night by 2008, according to PricewaterhouseCoopers LLP 'Hospitality Directions Europe - UK Hotel forecast' released today.
Increased workforce mobility and a greater emphasis on cost savings are driving a new era of extended stay hotels in the UK and Europe according to PricewaterhouseCoopers LLP 'Hospitality Directions Europe' released today.
With domestic markets becoming more competitive and with slower growth at home, hotel groups are looking to conquer emerging markets in order to gain competitive advantage.
Lifestyle hotels are continuing to raise the bar for the industry through differentiation, innovation and value-for-money, according to research released today by PricewaterhouseCoopers LLP.