Even in slow times, if a venue can guarantee minimum number of rooms by being a tourist/event attraction, then hotel development will happen. That's the trend in UK it seems.
So what is on store for UK Hotel Development? Chris Moore, National Director Jones Lang LaSalle Hotels commented: “Despite the odds facing the hotel market at the moment, development is still taking place, and more often in unexpected places. Very often, the justification for hotel investment lies in the marriage which occurs when a hotel proposition is blended with other activities and it is the diversity of those activities which are spawning new reasons for building hotel bedrooms.”
“The relationship between hotels and the places we like to spend time is evolving and the association is such that partners working together are designing ever more effective and innovative ways of funding, sharing risk and preserving spend that might otherwise be lost outside the boundaries of their estate.”
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