1、 deep dive into how the sector has performed,defying expectations with strong revenue growth and profits exceeding pre-pandemic performance across most markets.UK HotelTrading Performance ReviewForwardWILL THE SECTOR DEFY CURRENT ECONOMIC GROWTH FORECASTS TO DELIVER AN ONGOING ROBUST TRADING PERFORM

2、ANCE IN 2024?The levels of ADR growth over the last 12 months have defied expectations and,whilst the pace of growth is unlikely to be sustainable at a similar level,both ADR and occupancy are expected to drive RevPAR growth at a healthy level in 2024.Following a strong recovery in leisure travel an

3、d increasing corporate led demand,the meeting and events sector will be a substantial driving force behind growth in 2024.Whilst next year will see further growth in demand,Regional UK is closer to a stabilised level of trading performance than London,having benefited from the strength of domestic l

4、ed demand.Despite it being the year of General Elections for the US and most probably the UK,a weak pound is expected to further support the return of the overseas traveller,particularly from Asia and specifically China.This demand will be particularly focussed on the London hotel market.Growth in f

5、ood&beverage revenues will remain challenging in 2024,following mixed fortunes during the last 12 months.Whilst some sectors have achieved strong growth,such as the Select Service sector in London(+17%)other sectors have seen below inflation levels.In the wake of a particularly challenging macro-eco

6、nomic environment,the resilience and strength of the UK Hotel sector has been proven once again,exceeding all expectations in terms of strong revenue growth.In 2023,profits have now exceeded pre-pandemic levels across most markets.Pro-active and competent hotel operators have generated strong cash-f