With average UK hotel occupancy rates nudging 80% last year growth in the sector has remained pretty flat. Independent hotels struggle with many issues including increased competition, especially in town and city centres, lack of purchasing power compared to the big chains, severe issues recruiting and retaining employees due to Brexit issues, increase in national minimum wage, unaffordable technologic improvements and in many cases high levels of borrowing.
In addition, the competition from the likes of Airbnb has resulted in competitive pricing and lower profits. Increased costs and room yield reductions have impacted too.
If you need urgent help then please fill in the form below to receive our 48-page guide or call us
You can download our additional guides below as well if you want.