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New hotel supply will continue to rise this year

In 2017, the proportion of new build hotels in the UK rose by 37% and during the first six months of 2018, 5,200 new hotel rooms opened, with 15,000 more are in the pipeline, according to a new report by Knight Frank.

The UK hotel market is expected to grow by 3.3% this year - equating to over 21,000 new hotel rooms. Belfast has experienced the largest increase in new hotel supply and hotels under construction in 2018.

Outside London, Manchester will have the highest number of new hotel rooms under construction over the next few years.

The Knight Frank report UK Hotel Development Opportunities 2018, revealed that Belfast has experienced the largest increase in new hotel supply and hotels under construction (as a percentage of supply) in 2018 – at 34%. Meanwhile, Glasgow (18%) and Manchester (17%) have experienced healthy growth in new hotel supply and hotels under construction in 2018 also.

Comparatively, Hull has experienced the smallest increase in new hotel supply and hotels under construction in 2018 – at just 2%. Meanwhile, Newcastle (7%) and Leeds (8%) have experienced similar, slow levels of growth in new hotel supply and hotels under construction in 2018.

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