Domestic tourism set to drive UK hotel market recovery by 2024

摘要

Domestic rather than overseas tourists are set to drive the recovery of the UK hotel market, but UK tourism demand is not expected to return to pre-pandemic levels until 2024, predicts CBRE in its latest Hotels Pan EMEA Market Update.Domestic tourism declined by 47% in 2020 but is expected to rise 57% on 2020 levels by 2024, according to the report while inbound tourism fell by 76% in 2020 and is expected to rise 35% on 2020 levels. Demand is not expected to recover until 2024, depending on the success of the vaccination roll-out.