The COVID-19 pandemic has become the impetus for transformation within the U.K. hotel market, with a greater focus on sustainability and experience-led hospitality. The serviced apartment sector has proved resilient due to the versatility and flexibility of the business model offering self-contained, spacious, independent living; while the short-stay leisure market is expected to lead the recovery of the U.K. hotel sector, according to leading global property adviser Knight Frank.
Knight Frank’s Hotel Dashboard — Covid-19 UK Hotel Market Recovery research analyzes the performance of the U.K. hotel sector looking at monthly and year-to-date (YTD) regional U.K. performance, up until September 2020, in addition to projections around its anticipated recovery. The pandemic has produced clear challenges for the sector, reflected in reduced RevPAR volumes of approximately 55 percent for regional U.K. select and midscale hotels and a decline of 66 percent for full-serv
