Forecast for 2021: looking ahead with hope : vimarsana.com

Forecast for 2021: looking ahead with hope


Robert Godwin
MD, Lamington Group and room2
We hope to experience a largely V-shaped economic recovery in 2021, driven by the successful vaccines rollout. For the travel and leisure sector, we believe there will be a bounce-back in traveller confidence across the UK from both corporates and consumers. In addition to holidays abroad, we expect to see a release of pent-up demand for UK guests continuing to enjoy the benefits of staycations.
Investor and market confidence in the long- and extended-stay product will continue to grow, with the sector benefitting from the resilience in occupancy and income shown during the pandemic compared with the traditional hotel market.

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