# Hotel hotspots for 2017 – what’s around the corner for the UK’s hotel sector? Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2016-10-11 Category: LIFESTYLE Category URL: https://financedigest.com/category/lifestyle Meta Title: Regional Hotels Set to Hit Record 77% Occupancy in 2017 Meta Description: Discover how Brexit and increased European demand are boosting UK hotel sector, with PwC projecting record 77% occupancy for regional hotels in 2017. URL: https://financedigest.com/hotel-hotspots-for-2017-whats-around-the-corner-for-the-uks-hotel-sectorhtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/image-2-1736844451527-compressed.jpg) - **Regional hotels to hit record-breaking 77% occupancy in 2017 (PwC)** - **Brexit creating double boon for UK hotel sector (Properties of the World)** - **10.45 million overnight trips made by Brits to Wales in 2015 (Welsh Government)** [Britain’s hotel sector has been riding the wave of the Brexit vote for three months](https://www.financedigest.com/prince-harry-and-meghan-to-visit-britain-next-month.html "Prince Harry and Meghan to visit Britain next month") now, with domestic staycations on the up and many European travellers rushing to the UK as a result of finding their euros are suddenly go a lot further. But will the trend last? Are [hotel investments](https://www.financedigest.com/why-are-investors-checking-out-of-uk-buy-to-let-and-checking-in-to-hotel-investment.html "WHY ARE INVESTORS CHECKING OUT OF UK BUY-TO-LET AND CHECKING IN TO HOTEL INVESTMENT?") a wise move as we head into 2017? The latest [industry figures](https://www.financedigest.com/poly-cotton-fabric-market-detailed-analysis-of-current-and-future-industry-figures-till-2020-2030.html "Poly Cotton Fabric Market Detailed Analysis of Current and Future Industry Figures till 2020-2030") and projections certainly seem to indicate that the hotel sector – at least in certain areas – is looking forward to a strong 2017. PwC has projected record occupancy levels for regional hotels over the [year ahead](https://www.financedigest.com/global-stocks-to-grind-higher-lacklustre-year-ahead-reuters-poll.html "Global stocks to grind higher, lacklustre year ahead: Reuters poll") and revenue per available room (RevPAR) of 2.3% even in the face of the anticipated economic slowdown. An increase in domestic [travel and the weak pound has led the company to predict a record](https://www.financedigest.com/covid-testing-rules-spark-christmas-travel-chaos-in-australia-as-cases-hit-records.html "COVID-testing rules spark Christmas travel chaos in Australia as cases hit records") occupancy of 77% for provincial hotels during 2017. Figures from ContentSquare highlight the increased European appetite for British [hotels,](https://www.financedigest.com/cordant-projects-to-develop-eleven-moxy-hotels-across-uk.html) one of the [driving factors](https://www.financedigest.com/insights-on-the-flexible-packaging-global-market-to-2027-key-driving-factors-and-challenges.html "Insights on the Flexible Packaging Global Market to 2027 – Key Driving Factors and Challenges") behind the rosy outlook for the sector. Their analysis has shown that the [average spend](https://www.financedigest.com/card-spending-in-uk-falls-below-pre-covid-average-ons.html "Card spending in UK falls below pre-COVID average – ONS") on holiday packages to the UK booked through online travel agents by Europeans following the [Brexit](https://www.financedigest.com/accountants-risk-missing-post-brexit-opportunities.html) vote rose by 38%, while searches for UK destinations increased by 10%. The UK hotel sector is certainly [working hard](https://www.financedigest.com/how-does-hard-money-lending-work.html "How Does Hard Money Lending Work?") to respond to the increased demand. STR’s August 2016 pipeline [report revealed that the UK has more hotel rooms under construction currently than any other country in Europe](https://www.financedigest.com/transforming-vat-how-is-europe-modernising-tax-reporting.html "Transforming VAT: How is Europe modernising tax reporting?"). Meanwhile figures from AM:PM have shown that the number of new hotel rooms opening in the UK in 2016 looks [set to reach its highest level for four years](https://www.financedigest.com/hedge-funds-set-to-end-2021-with-inflows-for-first-time-in-three-years.html "Hedge funds set to end 2021 with inflows for first time in three years"). **Jean Liggett, Founder and Managing Director** of [**Properties of the World**](http://r20.rs6.net/tn.jsp?f=001hPSsI7jPcsRnMhPKVMhbREhlLvGYeiu4qDvASdiQPeXI0Pfehgay2QnA-xAmbgKK9Y07PBFLq81o6LK84izbUeBNTPeaqPdPxrK9q0vOb73jl80Pxj1-GWwrVp9frXJcfGv9WGnK3qfCvX2sif1DCwvUoNzgtEejrMcKwRCExn9dtEbbJumCZYBX0LlFzGRS&c=dyywZWxyo7O74V7QAUd6818YLBE1EQgeyFp_9aScUHqUxeMpSDONqg==&ch=LNw7c9rPiJIp7Ei2RujqzUY3YbKXGN10nGVn1CK6ojvbUGCr-hKdyQ==), which is offering hotel room investments at [CaerRhun Hall Hotel](http://r20.rs6.net/tn.jsp?f=001hPSsI7jPcsRnMhPKVMhbREhlLvGYeiu4qDvASdiQPeXI0Pfehgay2QnA-xAmbgKK5mw9du1oiHj-W5us1jB1Xbe7V-mUOUzekY4MAU-6EiZhj9_SnKjcNXG9P9Mg2Ger1JEwomCG9_VzzF1_JrCwvtbB9Wg2LWuY5Ti4lwRu6MA6-toHrOOlpeq5IXPcKZZekwffolWWUXKAy8mgqxs5qSK3X8swiRiIMrkW5AUxWT_miSAamrPJ6w==&c=dyywZWxyo7O74V7QAUd6818YLBE1EQgeyFp_9aScUHqUxeMpSDONqg==&ch=LNw7c9rPiJIp7Ei2RujqzUY3YbKXGN10nGVn1CK6ojvbUGCr-hKdyQ==) in Wales from £75,000, emphasises the dual role that Brexit has played in boosting the sector, The impact of Brexit has been a double boon for the UK’s [hotel industry](https://www.financedigest.com/what-can-small-hotels-do-to-succeed-in-the-hospitality-industry.html "What Can Small Hotels Do to Succeed in the Hospitality Industry?"). European visitors are keen to head to the UK while it’s cheaper for them to do so and cautious domestic holidaymakers are opting for staycations while they wait for the Brexit dust to settle. Spikes in [demand from two different sources are always good news and the hotel sector](https://www.financedigest.com/expansion-in-manufacturing-sector-has-increased-demand-for-industrial-cooling-system-market.html "Expansion In Manufacturing Sector Has Increased Demand For Industrial Cooling System Market"), particularly in the regions, is looking forward to a strong year ahead in 2017. The first rooms at the stunning, grade II listed Elizabethan-style CaerRhun Hall are due to come online in 2017, with [investors able to choose from 4 room types with returns](https://www.financedigest.com/asset-management-firms-are-using-ai-to-deliver-higher-returns-for-investors.html "Asset management firms are using AI to deliver higher returns for investors") of circa 10% per annum. The lack of stamp duty on hotel room investments has made this a popular asset class, particularly as the UK’s stamp duty [changes earlier this year made buy-to-let investment](https://www.financedigest.com/intelligent-investment-in-digital-transformation-driving-change-from-the-grassroots.html "Intelligent investment in digital transformation: Driving change from the grassroots") a less profitable venture than it was once . Wales is certainly a popular destination for staycation-ers in the UK. British residents made 10.45 million overnight trips to Wales during 2015, 60% of them for a holiday according to [government figures](https://www.financedigest.com/adnami-to-receive-six-figure-sum-of-investment-from-danish-government-in-recognition-of-its-pioneering-technology-and-strategy.html "Adnami to receive six-figure sum of investment from Danish government in recognition of its pioneering technology and strategy"), with an associated spend of £1,975 million. Wales also welcomed 970,000 visitors from overseas during 2015, with an associated spend of £410 million. Look at it from any angle and hotel investment makes sense right now, particularly regional hotel [investment” concludes Properties](https://www.financedigest.com/a-guide-to-luxury-property-investment-in-the-time-of-covid-19.html "A guide to luxury property investment in the time of COVID-19") of the World’s Jean Liggett. London may be facing declining occupancy and decreasing RevPAR over the [coming year](https://www.financedigest.com/veterinary-tables-market-rise-to-meet-large-demand-in-coming-years-fact-mr-study.html "Veterinary Tables Market Rise To Meet Large Demand In Coming Years, Fact.MR Study"), but it’s full steam ahead in the regions for the foreseeable future! --- This blog is powered by Superblog. Visit https://superblog.ai to know more. ---