Hotels & Motels in the United Kingdom industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.Synopsis
Essential resource for top-line data and analysis covering the United Kingdom hotels & motels market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.Key Highlights
The hotels & motels industry value consists of all room revenues generated by hotels, motels and other accommodation providers through the provision of accommodation. The value does not include non-room revenues, such as casinos, shops and telecommunication services.
The UK hotels & motels industry’s total revenue valued of $44.0bn in 2016, representing a compound annual growth rate (CAGR) of 8.4% between 2012 and 2016.
Industry consumption volume increased with a CAGR of 2.3% between 2012 and 2016, to reach a total of 42,780.0 establishments in 2016.
The number of overseas travelers to the UK, along with nights spent in accommodation, observed decelerated growth on account of the appreciation of the British Pound against other major currencies up to 2015, as this maintained high costs of accommodation for foreign visitors. Additionally, domestic demand declined in 2016 after a year-break of growth in 2015. Accordingly, the cut of accommodation prices by hotel operators to increase occupancy rates, particularly in 2016, considerably reduced revenues, resulting in the 7.3% contraction of the industry in that year.
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Leading company profiles reveal details of key hotels & motels market players’ global operations and financial performance
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What was the size of the United Kingdom hotels & motels market by value in 2016?
What will be the size of the United Kingdom hotels & motels market in 2021?
What factors are affecting the strength of competition in the United Kingdom hotels & motels market?
How has the market performed over the last five years?
What are the main segments that make up the United Kingdom's hotels & motels market?