News & numbers UK hotels forecast 2023 in numbers
Occupancy 2023
London
Harsh 75.8% (+5.3% YoY) Mild 77.7% (+8.1% YoY)
Regions
Harsh 70.6% (-5.9% YoY Mild 77.1% (+2.1% YoY)
ADR Average daily rate 2023
London Nominal
Harsh £207.2 (+15.2% YoY) Mild £212.6 (+18.1% YoY)
Real terms
Harsh £160.4 (+8.8% YoY) Mild £164.6 (+11.5% YoY)
Regions Nominal
Harsh £90.4 (+3.0% YoY) Mild £91.5 (+4.2% YoY)
Real terms
Harsh £70.0 (-2.9% YoY) Mild £70.8 (-1.8% YoY)
RevPAR Revenue per available room 2023
London Nominal
Harsh £157.3 (+18.3% YoY) Mild £165.5 (+24.5% YoY)
Real terms
Harsh £121.7 (+12% YoY) Mild £128.1 (+17.9% YoY)
Regions Nominal
Harsh £63.9 (-4.2% YoY) Mild £70.7 (+5.1% YoY)
Real terms
Harsh £49.5 (-9.4% YoY) Mild £54.7 (-0.6% YoY)
85–98% 48%
Expected pre-pandemic RevPAR level by end of 2023, with ADR below 2019 respectively. Source: PwC
North America Europe 22% 17% 13%
Central America
24% 22% 42% 24%
South America excluding Venezuela
Source: STA Source: STR Monthly
Southern Africa
YTD
Most cities are 90+ recovered European major markets, occupancy (STD), September 2022 indexed to 2019
Helsinki 86 63 Edinburgh 96 Dublin 99 London
Under 50 50–80 80–100 Over 100
Source: STR Paris
Madrid 93
Lisbon 98 96 Athens 100 Zurich 103 91 Vienna Milan 101 98 Rome 109 93 Istanbul
Amsterdam 89
94 92 Brussels 85 87 93 Copenhagen Berlin 101 Warsaw
Prague 78
40 Budapest Bucharest Kiev 78 Moscow St Petersburg 17% 15%
Australia & Oceania
19% 30%
Northern Africa
30% 41% 13% 12% -8% 3% Asia excluding Mainland China 17%
Middle East
-14% -14%
The percentage of consumers expected to spend less on holidays in the next 12 months.
Europe achieving the highest ADR recovery of developed markets (ADR% change to 2019, constant currency, September 2022)
Mainland China
59,000 10%
66% 38%
Job vacancies across the accommodation and food services sector between July and September 2022, up 5.7% YoY.
The percentage by which confi dence in the UK hotel market has fallen year-on-year.
The percentage that are positive about the long-term future of the UK hotel market.
The percentage of hospitality leaders expecting pandemic related disruption to last into 2023 and beyond.
Source: Deloitte
Hotel Management International /
www.hmi-online.com
9
Melinda Nagy/
Shutterstock.com
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