The Brexit vote in June was not just a major political event; it sent shockwaves through every sector of the economy. But what does the decision to leave the EU and the slow process of withdrawing mean for the hotel trade?
One trend is already becoming obvious. A report carried out by auditing giants Pricewaterhouse Coopers (PwC) after the Brexit vote revealed that, while London hoteliers are facing short-falls in the business customer sector, regional hotels are experiencing a corresponding rise. In fact, PwC forecasted that occupancy rates in regional UK hotels would be the highest ever recorded. Continue reading