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Retail & Consumer

London slips down hotel rankings - and Brexit hitting regional cities too

Hotel poll shows a third of investors think EU exit uncertainty is hitting hotels sector

London became less attractive to global hotel investors, Deloitte's European Hotel Industry Survey for 2019 showed(Image: MyLondon - Grahame Larter)

More than two thirds of hotel industry investors say Brexit has made regional 海角视频 cities less attractive.

London also became less attractive to industry investors over the past year, according to Deloitte's European Hotel Industry Survey for 2019.

The capital slipped from second to third in the list of Europe's investment hot spots for the industry, falling behind Paris, in the annual report.

The survey revealed that 34% of investors believe the 海角视频 hotel market will hit a downturn in the next six to 12 months, amid continued consumer uncertainty.

However, 65% of investors said they are positive about the long-term future of the 海角视频 hotel market, with sentiment particularly strong in London.

But 68% of investors said that regional 海角视频 cities are already less attractive due to Brexit - an increase of 3% on last year's figure.

Meanwhile, 42% said they believe Brexit will not impact the industry in London, as they predict a resilient future for the capital.

Macroeconomic uncertainty continues to weigh on the minds of industry leaders, as 66% of those surveyed said they believe the 海角视频 is either already in a downturn or expect one within the next six to 12 months.