The Caterer
Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

Hotel property sector will weather credit crunch

21 April 2008 by

Colliers Robert Barry has become the latest property agent to state the hotel industry is well placed to weather the credit crunch, describing the sector as "robust" in a new report.

The company's Market Review report claims the hotel market is an "exception" to the doom and gloom forecast for the general UK economy, because of a shortage of supply and increasing demand.

Christopher Moore, director at Colliers Robert Barry's, said: "Funding is still very much available for a hotel that has a good track record and operators who have good bank relationships".

He added: "There's a big difference between now and the early 1990s, the economy is more stable now and the interest rate is controlled at 5.2%. In 1991 we felt like we were on the edge of a cliff and we don't get the same sense of dynamics at play here. The challenges aren't nearly as great as they were."

The company said 83% of its clients expected trading conditions to be the same as or better than last year.

The report also referred to TRI's Hot Stats, which predicted that revenue per available room in the UK will increase 3.5% this year in London and 5.5% in 2009.

Moore also said that Colliers prediction for the 2008 market is strong and will see no difference between 2007 and 2008.

Last week property company Christie & Co said it expected hospitality business values to cool rather than crash this year.

Credit crunch won't affect hotel marketUK hotel market remains strong

Peel Hotels confident it won't be hit by credit crunch

E-mail your comments to Gemma Sharkey here.

The Caterer Blog](http://www.caterersearch.com/blogs/catering-news-blog/) Catch up with more news and gossip on the Caterer Blog here
[Newsletters For the latest hospitality news, sign up for our e-mail newsletters.
The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking