• UK revpar strong

UK hotels averaged revpar increases of 20% in the last quarter with Glasgow enjoying a 48% uplift. Major sporting events and the NATO summit in Wales helped draw visitors, reports the Zolfo Cooper, AMPM and HVS bulletin.
Brisk investment activity means 2014 transaction volume has already topped the figure for all of 2013. Budget hotels continue to dominate current supply and account for 50% of the pipeline.
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