UK hotel market to expand by 21,000 rooms by end of 2018

The UK hotel market is expected to grow by 3.3% by the end of 2018, a figure equivalent to 21,000 new rooms, according to property agent Knight Frank.

In a survey carried out by commercial property specialist Savoy Stewart for Knight Frank, Belfast was revealed to be the city that has experienced the largest rate of new hotel supply and hotels under construction in 2018, up 34% as a percentage of supply.

Glasgow (18%) and Manchester (17%) have also experienced healthy growth in new hotel supply and hotels under construction this year, while in London the figure is up by 11%.

Comparatively, Hull has experienced the smallest increase in new hotel supply and hotels under construction, up 2% as a percentage of supply.

Last year, UK hotel supply grew by a total of 2.4%.

Looking ahead over the next three years, London has the highest number of rooms in the pipeline and under construction at 14,699, accounting for 40% of all the development pipeline in the UK.

Manchester holds the next highest total of new rooms in the pipeline, with an additional 2,895 rooms expected, followed closely by Edinburgh with 2,122.

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