Article - UK Hotels Forecast 2023/2024 - Growth in Demand to Stall Across the UK - While continued optimism in the strength of the UK staycation and business travel is driving record levels of hotel development, we expect this to be met by waning demand. The PwC UK Hotels Forecast 2023-2024 shows this increase in supply comes as the post-Covid revenge travel bounce fades, inflationary pressures reduce and the UK economy sits firmly in the doldrums.
Elaine Jones, a 62-year-old retired civil servant from Walker, Newcastle, had been planning for a stay at The Schooner in Alnmouth over the Halloween weekend with her husband Bill
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