UK hotel general managers continue to remain confident, with 72% telling the HotStats Confidence Monitor that they were either optimistic or very optimistic about their hotel’s trading performance for the next quarter.
Forty eight per cent of respondents were more optimistic this quarter compared to last, although fears of a double dip recession lead concerns, followed by public sector cutbacks and increasing hotel supply. "There may well be a negative impact of public sector cutbacks on hotel industry demand but let’s not overstate this, clearly confidence levels and performance expectations remain decidedly positive." said Mark Dickens, managing director, HotStats.
See the full release here: