Hotel Occupancy in London predicted to be lowest for over a Decade!
PwC have predicted that hotel occupancy in London will be lowest since 2005. Lobsterjobs wonders how this is predicted?
Liz Hall, head of hospitality and leisure research at PwC, and author of the PwC UK hotels forecast 2013, said: "The London hotel market has demonstrated remarkable resilience since the start of the recession. This has been helped by one-off events such as the Jubilee and 2012 Games, which have driven some highs and lows (reduced business travel) this year. It's hard to feel confident about 2013; there will be winners but a weak economic and travel environment, a fight for market share and more new rooms to fill mean many will feel the hit."
Checkout the full article here
PwC have predicted that hotel occupancy in London will be lowest since 2005. Lobsterjobs wonders how this is predicted?
Liz Hall, head of hospitality and leisure research at PwC, and author of the PwC UK hotels forecast 2013, said: "The London hotel market has demonstrated remarkable resilience since the start of the recession. This has been helped by one-off events such as the Jubilee and 2012 Games, which have driven some highs and lows (reduced business travel) this year. It's hard to feel confident about 2013; there will be winners but a weak economic and travel environment, a fight for market share and more new rooms to fill mean many will feel the hit."
Checkout the full article here
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