HOSPITALITY INDUSTRY IN THE UK SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2023 - 2028)

 Analysis of the UK hospitality market

Due to the uncertainty surrounding Brexit, the hospitality industry in the United Kingdom is predicted to expand at a CAGR of more than 2.5% during the forecast period and has become dynamic in terms of investment volumes recorded during the study period.

Numerous research organisations have provided information showing that the UK's hotel sector was one of the economy's worst-hit industries during the COVID-19 epidemic and had a large decline in April–June 2020. The domestic hotel industry, which COVID-19-related disruptions have severely hit, also saw a sizable decline in 2021 as a result of the second wave.

In 2021, investments in the hospitality sector increased, and key performance indicators improved. The overall key performers registered in London city alone are slightly greater than the overall performance recorded by the country.

Due to the rising number of visitors to the UK, the need for new hotels is anticipated to rise during the predicted period, particularly in London. The impact of Brexit uncertainty is having an influence on the investment climate, but the country is attracting investors thanks to the expanding demand.

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