operators-beat-uk-and-i-v2

OPERATOR BEAT

Interest in the Major Hotel Markets in UK & I

H 2 2021

By when will market RevPar performance recover ( reaching similar level as in 2019)?

London (%)

Major Regional Cities * (%)

1.8 +8

10%

3%

2022

ABERDEEN

Hotelier interest on a scale from 1 to 5

13%

13%

56%

32%

2023

4.3 +6%

47%

58%

5

1

34%

48%

EDINBURGH

2024

Very high

No

Interest

Interest

31%

26%

GLASGOW

2.4

6%

10%

3.1 +16%

+16%

Increase

Decrease

2025

3%

9%

NEWCASTLE

2020

2021

*( i . e . Glasgow , Edinburgh , Manchester )

3.0

+16%

2.6 +4%

3.6 +7%

YORK

LEEDS

4.3 -6%

MANCHESTER

3.0

2.1

SHEFFIELD

LIVERPOOL

+17%

DUBLIN

2.3

NOTTINGHAM

+9%

3.8 +26%

3.1 +15%

BIRMINGHAM

6 3 % 6-12 months average delay according to 63% of respondents .

50 % of respondents are shifting towards offering more hybrid leases as a result of COVID .

4 9% of respondents indicate issues with debt funding causing delays and cancellations ( nearly double vs 2020).

2.7

CAMBRIDGE

+7%

3.9 +26%

CORK

OXFORD

4.7

2.8

LONDON

CARDIFF

+4%

+10%

BRISTOL

3.4 +22%

3.3

BRIGHTON

+21%

Survey results collected from >30 international & national hoteliers active in the UK I .

Contact : Cushman & Wakefield , Mai l : Hospital ityEMEA @ cushwake . com

The city data represents the approximate geographical city location .