To read this full article you need to be subscribed to Newsline.
Sign in Sign up for a FREE subscriptionEdinburgh keeps number 1 spot for hotel investment in U.K.
Edinburgh remains the top location for hotel investment in the United Kingdom, with Belfast second and Liverpool third, according to Colliers International’s U.K. Hotels Market Index.
Edinburgh had consistently strong occupancy and average daily room rate levels in 2018, while revenue per available room (REVpar) had grown for the past four years.
The U.K. hotel market adds about 10,000 new rooms each year and this has increased in pace recently, with almost 18,000 new rooms expected to open in 2019. This leaves hotels as a rare bright spot in a property market that is facing challenges in other sectors.
The U.K. Hotels Market Index analyses 34 locations across the United Kingdom.
The top 10 U.K. spots for hotel investment and development are: 1. Edinburgh 2. Belfast 3. Liverpool 4. Chester 5. Bath 6. London 7. Glasgow 8. Brighton 9. Cambridge 10. Leeds
