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Hotels in the UK are experiencing a post-Covid rebound according to the latest research from global property adviser Knight Frank. London hotels achieved an occupancy rate of 82% in June 2023, a rise of 3.2 percentage points year-on-year, whilst hotels outside the capital recorded growth of four percentage points to almost 81% occupancy versus 2022.
Following the turbulence of 2022, which disrupted the hotel sector’s recovery from the pandemic, 2023 welcomes a more settled investment market, according to the latest research from leading global property adviser Knight Frank.
The UK hotel market saw investment volumes reach an impressive £4 billion in 2021, representing the growing investor optimism over the long-term prospects for the sector, according to the latest UK Hotel Capital Markets: Investment Review 2022 by leading global property adviser Knight Frank.
For the first time since the start of the pandemic, the performance of London’s hotels was more encouraging than regional hotels across the UK, according to research from Knight Frank, the leading independent global property consultancy.