UK hotel growth to decline in 2018
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)