UK ho­tel growth to de­cline in 2018

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PRO­FES­SIONAL SER­VICES firm Price­Wa­ter­house­Coop­ers (PwC) be­lieves that earn­ings growth in UK ho­tels will be lower in 2018. The com­pany pre­dicts a stronger than an­tic­i­pated sec­ond half of the year thanks to a re­cov­ery in Europe and a weaker pound, but ar­gues this is not sus­tain­able.

Canac­cord Ge­nu­ity reck­ons Airbnb is a grow­ing threat to the ho­tel sec­tor as it gains more trac­tion with leisure trav­ellers. (LMJ)

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