Occupancy growth in the London hotel sector is predicted to fall 0.3% to 84% next year, while regionally there will be a 0.6% decline, according to PwC’s UK Hotels Forecast 2019-2020. The report also found that demand for hotels and restaurants has been “softened” by Brexit uncertainty, with an increase of just 0.4% in bookings from January through March compared to last year. However, performance will “vary widely” across the country in 2020, said PwC ’s Sam Ward, adding that the outlook remains cautious, amid “political and economic uncertainty, weaker business and leisure confidence”.
Occupancy growth in the London hotel sector is predicted to fall 0.3% to 84% next year, while regionally there will be a 0.6% decline, according to PwC’s UK Hotels Forecast 2019-2020. The report highlights that London will maintain growth for 2019 due to a weaker pound and key sporting events attracting tourists. However, performance will “vary widely” across the country in 2020, said PwC’s Sam Ward, adding that the outlook remains cautious, amid “political and economic uncertainty, weaker business and leisure confidence”.