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Sport, Travel & Leisure / REPORT INFORMATION

Hotels

DateNov, 2006
Pages97
Price / format$756 / Online Download

$756 

Report Information | Custom-Tailored Research | Product Trade Lead


Abstract:
 Countries covered: United Kingdom

The UK hotel market continued to experience growth in 2005, with turnover reaching £13.29bn. The rise was driven by improving room rates, although occupancy was down. Occupancy rates had been affected by the July 2005 bombings in London but, by mid-2006, the market was again in recovery.

The corporate market continued to take the lead in share of sales. Overseas business has risen, but there has also been a strong increase in trips taken on behalf of UK companies. Conducting business is the major reason for such visits, but the market has also gained from activity in the conference, exhibition and trade show sector.

The leisure market has also seen higher sales. Rising levels of consumer disposable income have been an important factor in boosting demand from domestic clientele. While there remains strong competition from cheap flights and accommodation for overseas travel, UK hoteliers have been capitalising on their qualities and facilities. Overseas visitors are also increasing their level of expenditure in the UK.

The budget hotel sector continues to lead growth in room stock. In 2006, Travelodge gained a new owner, but plans for expansion remained in place. The main casualty has been the mid-market, particularly with the emergence of a `deluxe budget' offer from some operators. As a result, a number of the larger chains (including Thistle and Macdonald Hotels) have chosen to move further upmarket.

The process of divorcing management and ownership of hotels continues. Most of the larger chains have undertaken the sale of properties, releasing capital to return to shareholders or reinvest in their brands. The trend has shifted from sale and leaseback to sale and manage-back agreements, which can offer reduced costs to the hotel operators.

The industry also continues to see changes in ownership across a number of chains. During 2005/2006, major deals included the unification of the Hilton brand, as Hilton Hotel Corporation of the US bought the UK-based Hilton Hotel interests. Swallow Hotels also gained a new owner, while Whitbread disposed of its interests in Marriott.

The UK hotel sector is seeing high levels of investment as hoteliers continue to develop their portfolios. The market remains vulnerable to external factors, such as economic performance and the possibility of further adverse international security issues. However, trends in the sector remain positive.



Table of contents:
Executive Summary

1. Market Definition

REPORT COVERAGE

MARKET SECTORS

Corporate Clients

Consumer Clients

MARKET TRENDS

Accommodation Ratings

Tourism Trends

Table 1: Expenditure by Overseas Tourists in the UK by Value (£m), 2000-2005

Room Occupancy

Table 2: Average Room Occupancy in the UK by Volume (%), 2001-2005

Budget Hotel Developments

Internet Developments

ECONOMIC TRENDS

Gross Domestic Product

Table 3: UK Gross Domestic Product at Current and Annual Prices (£m), 2001-2005

Household Disposable Income

Table 4: UK Household Disposable Income Per Capita (£), 2001-2005

Inflation

Table 5: UK Rate of Inflation (%), 2001-2005

MARKET POSITION

The UK

Table 6: Indices of UK Gross Domestic Product, Household Expenditure and Hotel Turnover at Current Prices (index 2001=100), 2001-2005

Overseas

2. Market Size

THE TOTAL MARKET

Table 7: The Total UK Hotel Accommodation Market by Value at Current Prices (£m ), 2001-2005

by market SECTOR

Corporate Clients

Table 8: The UK Corporate Hotel Accommodation Sector by Value (£m and %), 2001-2005

Figure 1: The UK Corporate Hotel Accommodation Sector by Value (£m), 2001-2005

Table 9: Business Tourism in the UK by UK and Overseas Residents by Volume (£m), 2002 and 2005

Consumer Clients

Table 10: The UK Consumer Hotel Accommodation Sector by Value (£m and %), 2001-2005

Figure 2: The UK Consumer Hotel Accommodation Sector by Value (£m), 2001-2005

Table 11: Type of Accommodation Used Away From Home by UK Residents in the UK by Number of Trips (%), 2002 and 2005

Figure 3: Type of Accommodation Used Away From Home by UK Residents in the UK by Number of Trips (%), 2005

3. Industry Background

RECENT HISTORY

Table 12: Number of UK VAT-Based Enterprises Engaged in Hotel Operation, 1990, 1995, 1997, 1999 and 2001-2006

Number Of Companies

Table 13: Number of UK VAT-Based Enterprises Engaged in Hotel Operation by Turnover Sizeband (number and %), 2006

EMPLOYMENT

Table 14: Number of UK VAT-Based Local Units Engaged in Hotel Operation by Employment Sizeband (number and %), 2006

REGIONAL VARIATIONS IN THE MARKETPLACE

HOW ROBUST IS THE MARKET?

LEGISLATION

KEY TRADE ASSOCIATIONS

The British Hospitality Association

4. Competitor Analysis

THE MARKETPLACE

MARKET LEADERS

Accor UK Business & Leisure Hotels Ltd

Company Structure

Current and Future Developments

Financial Results

Britannia Hotels Ltd

Company Structure

Current and Future Developments

Financial Results

CHE Hotel Group PLC

Company Structure

Current and Future Developments

Financial Results

De Vere Group PLC

Company Structure

Current and Future Developments

Financial Results

Hilton Group PLC

Company Structure

Current and Future Developments

Financial Results

InterContinental Hotels Group PLC

Company Structure

Current and Future Developments

Financial Results

Jarvis Hotels Ltd

Company Structure

Current and Future Developments

Financial Results

Le Meridien

Company Structure

Current and Future Developments

Financial Results

Macdonald Hotels Ltd

Company Structure

Current and Future Developments

Financial Results

Marriott International

Company Structure

Current and Future Developments

Financial Results

Millennium & Copthorne Hotels PLC

Company Structure

Current and Future Developments

Financial Results

QMH Ltd

Company Structure

Current and Future Developments

Financial Results

Thistle Hotels Ltd

Company Structure

Current and Future Developments

Financial Results

Travelodge Hotels Ltd

Company Structure

Current and Future Developments

Financial Results

Whitbread Hotels Ltd

Company Structure

Current and Future Developments

Financial Results

Outside Suppliers

Marketing activity

Main Media Advertising

Table 15: Main Media Advertising Expenditure on Domestic Hotels (£000), Years Ending June 2005 and 2006

Exhibitions

5. Brand Strategy

INTRODUCTION

BRANDS

Accor

CHE Hotel Group

City Inn

De Vere

Golden Tulip

Hilton

Kew Green Hotels

Marriott

Macdonald Hotels

QHotels

Swallow Hotels

Thistle Hotels

Whitbread

MARKETING ACTIVITY

Main Media Advertising Expenditure

Table 16: Main Media Advertising Expenditure by Individual Hotel Operators (£000), Year Ending June 2006

Best Western Hotels

Hilton

InterContinental

Jarvis

London & Edinburgh Swallow Hotels

Marriott

Travelodge

Whitbread

6. Strengths, Weaknesses, Opportunities and Threats

STRENGTHS

WEAKNESSES

OPPORTUNITIES

THREATS

7. Buying Behaviour

CONSUMER PENETRATION

Table 17: Percentage of the UK Population Who Stayed at a Hotel in the Previous 12 Months (% of adults), 2001, 2003 and 2006

By Sex

Table 18: Percentage of the UK Population Who Stayed at a Hotel in the Previous 12 Months by Sex (% of adults), 2006

By Age

Table 19: Percentage of the UK Population Who Stayed at a Hotel in the Previous 12 Months by Age (% of adults), 2006

By Social Grade

Table 20: Percentage of the UK Population Who Stayed at a Hotel in the Previous 12 Months by Social Grade (% of adults), 2006

By Region

Table 21: Percentage of the UK Population Who Stayed at a Hotel in the Previous 12 Months by Region (% of adults), 2006

8. Current Issues

SPA DEVELOPMENTS

Bed Tax

9. The Global Market

Regional Trends

Europe

The US

Eastern Europe

The People's Republic of China

Asia-Pacific

GLOBAL BRAND DEVELOPMENTS

Best Western International

Carlson Hotels

City Inn (UK)

Corinthia Group and Wyndham Hotel Group

easyHotel

Fairmont and Raffles

Great Southern Hotels

Marriott

Rezidor SAS Hospitality

Starwood

Strategic Hotels

Stein Group

10. Forecasts

INTRODUCTION

Gross Domestic Product

Table 22: Forecast UK Growth in Gross Domestic Product in Real Terms (%), 2006-2010

forecasts 2006 to 2010

Table 23: The Forecast UK Market for Hotel Accommodation by Value, 2006-2010

MARKET GROWTH

Figure 4: The Forecast Total UK Hotel Accomodation Market by Value (£m), 2001-2010

FUTURE TRENDS

Demographics

Product Development and Market Segmentation

11. Company Profiles

De Vere Group Plc

Thistle Hotels Ltd

Travelodge Hotels Ltd

Whitbread Plc

12. Company Financials

Consumer Confidence

METHODOLOGY

KEY FINDINGS THIS QUARTER

THE WILLINGNESS TO BORROW

Confidence Rebounds

Table A: The Average Amount Consumers Are Willing to Borrow in Order to Purchase Expensive Items at Current and Constant November 2004 Prices (£ and £bn), August 2005-2006

Fewer Adults Wish to Borrow

Table B: The Number of Adults Willing to Borrow in Order to Purchase Expensive Items (000 and %), August 2005-2006

SPENDING FROM SAVINGS

Strong Recovery in Spending from Savings

Table C: The Average Amount Consumers Are Willing to Spend from Savings in Order to Purchase Expensive Items at Current and Constant November 2004 Prices (£ and £bn), August 2005-2006

Savings Grow in Relative Importance

Table D: The Average Amounts Adults Are Confident Spending to Purchase Expensive Items (£ and %), August 2005-2006

14. Further Sources

Associations

Publications

Government Publications

General Sources

Other

Bisnode Sources




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