A useful opinion piece from Christian Mole at EY. It reflects that the sentiment that there are short term economic bumps in the road and possible risks of market saturation (oversupply being a particular risk in a downturn), but the overall long-term picture is one of rude health and great prospects for the global hospitality and travel industry.
The UK hospitality industry is reported by UK Hospitality in 2016 to have generated £72bn of gross value added directly to the UK economy, and a further £159bn indirectly (c. 9% of GDP), as well as being the third largest employer (17% of the workforce).
Judging by the report late on 10 April 2019 from Laura Kuenssberg and Katya Adler of the excellent BBC podcast, Brexitcast, hoteliers in the UK's tourist cities will be breathing a sigh of relief for the summer ahead, the value of £sterling will still be depressed which makes the UK an attractive destination for tourists (and investors) and hotels in Brussels will be scheduling to increase their room rates in late October 2019. Every wind bloweth not down the corn...
