Hotel Construction Companies In The UK and The Rise of Staycations
UK hotel construction companies will face growth in the next few years, which supports the rise of ‘staycations’ occurring in the country. A staycation – derivative from the words “stay” and “vacation” is a break from usual routines and environments or a getaway that doesn’t involve leaving one’s home country. Staycations are increasingly becoming the new trend in the UK for a number of reasons. These include:
- Countries continuously moving in and out of lockdowns due to the pandemic.
- International travel is now being somewhat of a luxury especially with countries interchanging between being on the green, amber, and red list.
- Fear of contracting the virus or one of its infectious variants via international travel. There have also been concerns surrounding the spread of the virus, impacting travel abroad as 42.7% of people would rather a staycation vs, 24.7% of people who would rather go abroad.
- It’s a cheaper and more cost-effective alternative.
The high demand for Brits to vacate at home will see hotel construction companies in the UK grow. The UK hotel market will grow by 375 projects over the next few years bringing about 55,388 new rooms.
The vast majority of these new openings will be 4* hotels and 88 of them will be 5*. Geographical locations include London, inevitably leading with 97 new hotels, alongside Liverpool, Glasgow, Manchester Birmingham, Plymouth, Edinburgh, Leeds, Cambridge, and Belfast. Hilton is the fastest-growing hotel brand in the UK. Its rapid expansion sees Hampton with Hilton (first place), Hilton Garden Inn (third place) and Double Tree by Hilton (fifth place) taking spots within the nation’s top 5. The other two are Courtyard by Marriot (second place) and Holiday Inn Hotels & Resorts (fourth place).
In closing, staycations provide great opportunities for both individuals and families to explore terrains they wouldn’t otherwise had it not been for COVID-19. The United Kingdom is uniquely blessed with an abundant of diverse areas of attractive countryside and tourist led city centres.
About Jerram Falkus
We are an established family-run construction business with more than 135 years experience operating in London and the South East.