More than 100 new British hotels opened in 2010, says report

More than 100 new British hotels opened in 2010, says report

The UK hotel industry has grown by more than 10,000 new rooms this year - and a further 40,000 are planned for the future. The figures, which appear in the annual publication of the British Hospitality Association (BHA), show that the budget sector is leading the development with more than 5,300 new rooms added in 2010. New brands, such as Citizen M, H10 and Tunes, have opened their first properties in the UK. Since the present hotel building boom started in 2003, more than 95,000 new rooms have been added to UK hotel stock. “Undoubtedly, the recession has curtailed bank funding and sent some developers into insolvency,” the report reads. “Although there are exceptions (for example, the Cornwall in St Austell, the Oxfordshire in Thame and the Casa in Chesterfield) the majority of the new hotels are branded properties with many of the developments undertaken by franchisees.” In 2001, there were 50,000 budget rooms, a figure which has since risen to 112,600 this year. Meanwhile, BHA believes that the number of insolvencies in the hospitality industry - 2,429 in 2009, a rise of eight per cent - has reached a peak. “Although the figures for 2008 and 2009 showed a significant increase on 2007, in the context of the industry’s 200,000 establishments, it’s clear that it has survived in better shape than many thought possible,” the report said. “Of all the sectors, hotels suffered the least.”

Gary Marshall
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Gary Marshall
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