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Head of Hospitality & Leisure, PwC Dr Andrew Sentance Senior Economic Adviser, PwC UK Hotels forecast 2017/2018 1. Hospitality and Leisure Leader, PwC United Kingdom

Find out here and join the conversation on Twitter: #hotelsforecast Growth for the entire forecast period will average an estimated 1.1% compounded annually, matching the 2014-18 period.Consumer price inflation moderated to 4.7% in 2018, down from increases of 6.4% and 5.3%, respectively, in 2016 and 2017. UK hotel investment volumes have seen a decline of 35% in H1 2019 to c. £2.6 billion, compared to the higher than average levels in H1 2018.

While AI certainly doesn’t present a panacea for these challenges, it’s one of the major tools at hotels’ disposal to counter the headwinds and drive efficiencies and a recovery in margins.UK hotel deal volume totalled c. £3.8bn in the first half of 2018, up over 80% from the volume experienced in the first six months of 2017. Hospitality and Leisure Leader, PwC United Kingdom In 2019 occupancy is forecast to remain flat but we anticipate that ADR could see further modest growth to £73 (in nominal terms), helping to push up RevPAR by 1.2% to £55.Uncertainty has dampened business investment growth and this may continue, but the weaker pound has been helpful to tourism.

Looking ahead, UEFA Euro 2020 should help Glasgow (and London) hotels and a new Government Tourism Deal is intended to help businesses attract more visitors by becoming more digitalised and ultimately, more profitable. 9th Annual edition: Unparalleled experience The Outlook provides an overview of how the hotel industry in South Africa, Nigeria, Mauritius, Kenya, Namibia and Tanzania is expected to develop over the coming years. Our forecast for 2020 is a -0.6% decline in occupancy growth, a slight gain in ADR but a drop in RevPAR of -0.3%.While one-off Cricket World Cup-related demand probably helped slow regional declines in the summer, it wasn’t enough to balance an overall decline in the business market and stop a fall in RevPAR for the second consecutive quarter of 2019.In the regions, we forecast small declines in RevPAR growth in 2019/20. Please see www.pwc.com/structure for further details.

It details the key trends observed and discusses the challenges facing the sector, as well as considering its future prospects.rise in overall room revenue from 2018, higher then the projected increase.compound annual rate rise in guest nights from 2018 to 2023.compound annual rate rise in hotel room revenue from 2018 to 2023.Overall room revenue in South Africa, Nigeria, Mauritius, Kenya and Tanzania rose 7.4% in 2018, up from the 1.9% increase in 2017, principally reflecting a 28 percentage point turnaround in Kenya, a 15.4 percentage point turnaround in Tanzania, as well as a 7.2 percentage point improvement in Nigeria.

So the recent level of business closures – regardless of the length – and corresponding […] On the other hand, for holiday tourists

Hospitality and Leisure. The ICC Cricket World Cup helped uplift occupancy and hoteliers tell us they enjoyed a better than ‘normal’ Wimbledon. Which cities will be the most expensive, the fullest and have the highest RevPAR? Those who have been resident for less time will initially being granted ‘Pre-Settled Status’, which they can later convert to ‘Settled Status’. Hotels Sector Leader, PwC United Kingdom By year end 2018, we forecast total hotel deal volume to be c. £6.8bn, nearly a 40% increase on the total deal volume experienced in 2017, and the second highest volume of investment in the UK after the record levels of £9.3bn in 2015.While we anticipate continued strong inward investment from European and Far Eastern investors, we expect a slowdown in portfolio deal activity during 2019. Please see For the forecast period as a whole, we look for the number of guest nights to increase at a 1.8% compound annual rate.The number of available rooms rose 2.3% in 2018, the largest increase during the past six years. ... Hospitality and Leisure Leader, PwC United Kingdom Tel: +44 (0) 7764 235 446 . It turned out that citizens of Cape Town did a remarkable job in conserving water, reducing city usage per day to 507 million litres in 2018 from 600 million litres in 2017.

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For 2018 as a whole, real GDP rose 1.9%, which was its strongest performance since 2015.Economic forecasts are somewhat muted because of the volatility of oil prices. The economy continued to falter in early 2019 and we expect economic growth to drop to 0.4% for the year as a whole.

Our research shows that while growth remains a dominant theme, it’s not just about growth rates and the absolute levels of trading are a key piece of the hotel jigsaw in each city.

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