An Ongoing Feature of the UK Hotel Market Has Been the Move to Divest Property Assets and Lease Them Back Through Management Contracts.DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c29394) has announced the addition of Hotels Market Report Plus 2005 to their offering. The UK hotel accommodation market was valued at GBP GBP In currencies, this is the abbreviation for the British Pound. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 11.52bn in 2004, having increased by 4.5% since 2000. Corporate sales accounted for the largest share of revenue. Prices tend to be higher in this sector, and sales are generated not only from nights spent in rooms, but also from the use of facilities. These include conference and meeting rooms, with many of the major hotel groups having established separate brands for this market. A number of the major hotel groups have been investing in facilities to target this sector, as well as developing incentive and reward schemes to gain an increased share of expenditure on a global basis. The consumer market has also experienced ongoing improvement since 2001. Both rising levels of household disposable income disposable income Portion of an individual's income over which the recipient has complete discretion. To assess disposable income, it is necessary to determine total income, including not only wages and salaries, interest and dividend payments, and business profits, but also and the ease of access to booking and reservations through the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the have played a part in this. The development of the short breaks market has also been an important factor. The major players in the UK market are led by Premier Travel Inn (created from Whitbread's merger of the Premier Lodge Premier Lodge was a chain of 141 hotels owned by the Spirit Group. In 2004 Whitbread acquired Premier Lodge for the sum of £505 million. Whitbread merged the business with its own Travel Inn brand and re-branded all the hotels as "Premier Travel Inn"[1]. and Travel Inn brands). This chain forms part of the thriving thrive intr.v. thrived or throve , thrived or thriv·en , thriv·ing, thrives 1. To make steady progress; prosper. 2. UK budget hotel sector, which has seen strong growth and is earmarked for further expansion in the future. Other major brands in the UK market include international names such as Hilton, Marriott, InterContinental in·ter·con·ti·nen·tal adj. 1. Extending or taking place between or among continents: intercontinental exploration; intercontinental cooperation. 2. and Le Meridien. An ongoing feature of the market has been the move to divest To deprive or take away. Divest is usually used in reference to the relinquishment of authority, power, property, or title. If, for example, an individual is disinherited, he or she is divested of the right to inherit money. property assets and lease them back through management contracts, allowing the brand operations to continue without the weight of property on the balance sheets. This has also played a useful role in freeing up capital for investment in chains, as well as to return to shareholders. There has been a slight rise in the percentage of the UK population staying in hotels for both leisure and business purposes. Around a third of UK consumers used hotel accommodation in 2005. The largest increase has been in the number of weekend stays. The number of business visits has also risen during mid-week periods. By mid- mid- pref. Middle: midbrain. 2005 there were some reports of a steadying off of UK room occupancy levels. This is likely to have been due to the terrorist attacks on London in July 2005. However, most hoteliers are optimistic op·ti·mist n. 1. One who usually expects a favorable outcome. 2. A believer in philosophical optimism. op that the impact will be short-lived and that sales will continue to follow a positive trend in the coming years. Companies Mentioned: --Accor UK Business & Leisure Hotels Ltd --CHE Group PLC --Corus Hotels PLC --De Vere Group PLC --Hilton Group PLC --InterContinental Hotels Group PLC --Jarvis Hotels Ltd --Le Meridien --MacDonald Hotels Ltd --Millennium & Copthorne Hotels PLC --Queens Moat Houses PLC --Swallow Hotels --Thistle Hotels PLC --Travelodge Hotels Ltd --Whitbread Hotels Ltd --BDL Group --Dawnay Shore Hotels --London Inns --Maybourne For more information visit http://www.researchandmarkets.com/reports/c29394 |
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