Horwath HTL UK

📋 #Planning in the UK is a long and arduous process, a sentiment that is felt by 85% of surveyed #RealEstate owners, who want to see planning restrictions reduced. 🚧 What reasonable steps could be taken to reduce the restrictions? 👉 Explore more on #RethinkingRealEstate in our 🔎Space Exploration report: https://lnkd.in/etVibzaY Caroline Fleet, Malcolm Kerr, Jeremy Cooper

📋 #Planning in the UK is a long and arduous process, a sentiment that is felt by 85% of surveyed #RealEstate owners, who want to see planning restrictions reduced. 🚧 What reasonable steps could be taken to reduce the restrictions? 👉 Explore more on #RethinkingRealEstate in our 🔎Space Exploration report: https://lnkd.in/etVibzaY Caroline Fleet, Malcolm Kerr, Jeremy Cooper

Looks like the topic per my post from a month ago is all the rage today so just reposting for people's enjoyment 😀

Over the past year, demand at the lower end of the hotel market has cooled due to high inflation impacting consumers’ discretionary spending, similar to trends seen during the global financial crisis. Despite a strong recovery between 2021 and 2023, demand growth slowed in late 2023 and early 2024, turning negative as lower-income consumers felt the pinch of rising living costs. The UK sector, while resilient post-pandemic, faces significant challenges due to prolonged high inflation and lower earnings growth. CoStar UK | Cristina Balekjian

The significant growth in hotel construction and renovation in Europe, particularly in the UK, underscores the strength and resilience of the UK hotel market. With 306 projects currently underway, the UK leads Europe in hotel investments, indicating strong investor confidence. This robust development activity suggests that the UK hotel market is well-positioned to meet future demand, despite economic challenges. However, the sector must navigate the impacts of prolonged high inflation and lower earnings growth, which could affect consumer spending on travel. Overall, the UK’s proactive investment in its hospitality infrastructure highlights its commitment to maintaining a competitive edge in the European market. We provide the strategic support for international entities looking to come into the UK market! Horwath HTL UK | Crowe UK

The Radisson Hotel Group’s expansion into The Bolton Stadium Hotel, a member of Radisson Individuals continues to highlight a strategic trend. As I've referenced before, we've already seen this activity at the likes of: Heart of Midlothian FC: https://lnkd.in/eG7zg6_p Tottenham Hotspur Football Club: https://lnkd.in/e2iK2ExW Durham Cricket: https://lnkd.in/eKr2wr9F Emirates Old Trafford, Lancashire Cricket Club https://lnkd.in/evw3jXFb Not to mention Twickenham Stadium with Radisson RED and Chelsea Football Club's strategic partnership with The Ascott Limited! Integrating hotels within stadiums offers a unique experience for sports fans and event attendees, providing convenient accommodations and amenities directly at the venue. This can lead to increased revenue streams from higher occupancy rates and additional sales from food, beverages, and event spaces. By diversifying their portfolio, hotel groups can attract both leisure and business travelers, mitigating risks associated with seasonal demand fluctuations. Early adopters like Radisson can gain a competitive edge by establishing a strong presence in this niche market, potentially attracting loyal customers through reward schemes and asset holders with a strong track record. Additionally, collaborating with sports clubs and stadium operators can enhance brand visibility and create synergies between the hospitality and sports industries. Overall, this strategic expansion could reshape the UK hospitality landscape, encouraging other hotel groups to explore similar opportunities and innovate their offerings. Horwath HTL UK | Crowe UK

Something that has been heavily discussed in the office this week has been around the UK facing violent riots. Driven by racial tensions and anti-immigration sentiment, travel warnings from countries like the US, Canada, and Australia have been produced. This has put significant pressure on the UK hotel industry to reassure guests about their safety. GlobalData has highlighted that these disturbances could lead to cancellations and hesitancy among potential guests. The duration and resolution of the riots will be crucial in determining their long-term impact. Persistent unrest could result in more travel advisories, further deterring international visitors. In the short to medium term, UK hotels might see a decline in bookings and increased cancellations, necessitating proactive communication about safety measures to maintain guest confidence and mitigate the negative impact on their performance. Horwath HTL UK | Crowe UK

New research from SHR reveals that for the first time, more than half, 51.3%, of UK online hotel bookings are made on mobile devices (48.1% last year). In conjunction, desktop bookings have decreased to 46.5% (48.3% last year) and tablet bookings have dropped to just 2.2% (3.6% last year). Despite this shift, desktop bookings still generate more revenue (50.1%) compared to mobile (47.3%), though mobile revenue has increased by 6.6% year-on-year. The shift towards mobile bookings in the UK hotel industry means hotels must enhance their mobile platforms and marketing strategies to capture this growing segment. International travelers, particularly Americans, still prefer desktops, requiring hotels to maintain strong desktop systems. We saw only recently with the Boutique Hotelier article I shared on Horwood House Hotel's performance following investment in this very activity: https://lnkd.in/eEuGJtqs. This is the kind of activity we advise our clients to assist in enhancing their performance through areas such as technological investment. News article here: https://lnkd.in/e7njFW4b Horwath HTL UK | Crowe UK

The living and hotels sectors accounted for one third of all UK commercial real estate investment over the past 12-months as major funds have recognised the added-value of the "beds" sectors. Mixed-use developments and conversions combining innovative concepts - from student accommodation, co-living and built to rent units, to serviced apartments and hotels, can maximise property value and returns. Horwath HTL UK is working with clients to introduce new brands to the UK market and our Vedika Jhunjhnuwala will moderate a panel at the Annual Hospitality Conference (AHC) - "Serviced Living Concepts: Bridging Residential and Hospitality". Don't miss it!