Luxury hotels dominate UK market as budget hotels face decline

By Yahoo! Finance   |   2 years ago
Luxury hotels dominate UK market as budget hotels face decline

The UK hotel market in 2024 shows steady performance with luxury hotels thriving, particularly in Edinburgh. Budget hotels faced challenges, partly due to the decrease in government-contracted asylum accommodations. Despite operational costs and cautious investment outlook, the market is expected to see increased investment in 2025.

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