The UK hotel market is underperforming compared to the EU average on every key metric according to a recent study.
The latest data released by UKHospitality reveals that RevPAR change in November 2018 compared to November 2017 in EU is +4.5% while it is 1.7% in the UK. Occupancy Rate change in the same period is +1.2% in EU, while +0.6% in the UK.
UKHospitality Chief Executive Kate Nicholls said: “Whilst we wait to review the full year figures for 2018, data showing the UK’s latest performance is a concern – particularly during a time of such great political and economic uncertainty. These figures arrive at a time when an ill-advised proposition of a Tourist Tax remains a possibility, Business Rates continue to damage the growth of the hospitality sector as a whole and more clarity is desperately needed on the Brexit deal and future immigration system. The decisions made in Westminster in 2019 will have a significant impact on our sector and we are making every effort to ensure that the Government fully understands what the sector needs to fulfil its growth potential and continue its significant contribution to the UK’s economic and social wellbeing.”
More comparisons are as follows:
Monthly results:
ADR change by country November 2018 vs November 2017
Euro average +2.7%
UK +1.0%
YTD results – RevPAR change by country November 2018 vs November 2017
Euro average +4.1%
UK +1.0%
YTD results – Occupancy Rate change by country November 2018 vs November 2017
Euro average +1.0%
UK +0.6%
YTD results – ADR change by country November 2018 vs November 2017
Euro average +2.7%
UK +1.1%