The COVID-19 pandemic brought about a turbulent year for hotel trading performance, with UK hotel investment in 2020 declining by 70% year-on-year, according to Knight Frank. This comes as 2021 is expected to see the beginning of a strong recovery during the second half of the year, driven by the mass vaccination campaign, the property adviser says.
UK Hotel Investment Volumes Plummet by 70% in 2020 on COVID-19 Disruption
2020 Investment Dropped to £1.8bn From £6bn in 2019
By Sharon Smyth
CoStar News11 January 2021 | 8:31
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