PwC: 2025 UK hotel market outlook
🏕 On Dec 13, 2024, the UK hotel market's 2025 outlook showed cautious optimism with a potential boost in inbound tourism due to below-average GDP growth making the UK more affordable for international travelers. Despite domestic demand being pressured by this slow GDP growth and reduced confidence, the weakened pound and resilient travel demand from the US, Europe, and Asia could strengthen the sector. Challenges include rising costs from higher employer National Insurance Contributions (NICs), increasing minimum wage, and escalating property prices. Strategies like cost reduction, operational efficiency, sustainability, and capital optimization are recommended for hotels. A full report is available on PwC's website.
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