Investors see no room for optimism
Investors see no room for optimism
- 1999
- Guardian 23 November 1999, 31(2) .
A survey of the UK hotels market by TRI Hospitality Consulting reveals reveals that occupancy rates are higher, but the average room rate has fallen to £61.24. Whitbread's decision to pay £578m for Swallow's 36 hotels highlights the trend for consolidation in the hotel industry, where profitability is under pressure, and investors are steering clear of the sector.
HOTEL INDUSTRY
PROFITABILITY
OCCUPANCY RATES
WHITBREAD
A survey of the UK hotels market by TRI Hospitality Consulting reveals reveals that occupancy rates are higher, but the average room rate has fallen to £61.24. Whitbread's decision to pay £578m for Swallow's 36 hotels highlights the trend for consolidation in the hotel industry, where profitability is under pressure, and investors are steering clear of the sector.
HOTEL INDUSTRY
PROFITABILITY
OCCUPANCY RATES
WHITBREAD