Economic overview -- Hotel industry overview -- Corporate overview -- Regional overviews -- REITs finally arrive -- Branding - not the only route to success -- Alternative use -- Fractional ownership

Hotel performance throughout the UK remains robust with occupancy and average achieved room rate showing year on year growth. Corporate operators are continuing to exit ownership of their estates by exploiting a new breed of hotel investor through a tranche of brand sales, manage or lease back deals or straight forward going concern disposals on an unprecedented level. Further pressures are being put on yields due to the aggressive nature of new buyers to the sector and the continued low cost of debt. Management contracts are becoming more acceptable to investors both large and small. The sector has begun to see the impact of over rented leases.