Uncertainty to stall growth across region’s hotel sector
PwC’s latest hotels forecasts predicts trading growth to flatten across the West Midlands in the year ahead due to economic uncertainty, weak business travel demand and an influx of new rooms scheduled to open across the country.
Overall occupancy levels in the regions have been averaging 76% since 2015 and are forecast to remain around this level for the next year with -0.3% growth for 2018 and no growth forecast for 2019.
Hoteliers in Birmingham have seen a positive level of occupancy growth (3%) over the last twelve months ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...