STR’s forecast in partnership with Tourism Economics, an Oxford Economics company, says that while it’s impossible to quantify the extent of “Brexit,” it will probably impact current hotel performance in the UK around RevPar and occupancy.

One possible scenario involves weaker domestic hotel demand, falls in capital investment including hotel investment, and effects on business travel, a large component of the London hotel market.

However, there is a potential positive impact for the industry, if the UK and London become more affordable as a destination derived from a weaker exchange rate.

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