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

UK hotel market to expand by 21,000 rooms by end of 2018

05 October 2018 by
UK hotel market to expand by 21,000 rooms by end of 2018

The UK hotel market is expected to grow by 3.3% by the end of 2018, a figure equivalent to 21,000 new rooms, according to property agent Knight Frank.

In a survey carried out by commercial property specialist Savoy Stewart for Knight Frank, Belfast was revealed to be the city that has experienced the largest rate of new hotel supply and hotels under construction in 2018, up 34% as a percentage of supply.

Glasgow (18%) and Manchester (17%) have also experienced healthy growth in new hotel supply and hotels under construction this year, while in London the figure is up by 11%.

Comparatively, Hull has experienced the smallest increase in new hotel supply and hotels under construction, up 2% as a percentage of supply.

Last year, UK hotel supply grew by a total of 2.4%.

Looking ahead over the next three years, London has the highest number of rooms in the pipeline and under construction at 14,699, accounting for 40% of all the development pipeline in the UK.

Manchester holds the next highest total of new rooms in the pipeline, with an additional 2,895 rooms expected, followed closely by Edinburgh with 2,122.

Economic uncertainty and new openings to slow performance of UK hotels >>

London still top dog for serviced apartment development >>

New hotel openings to watch for in 2018 >>

Get The Caterer every week on your smartphone, tablet, or even in good old-fashioned hard copy (or all three!).

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