Where do the opportunities lie?
Categories: Budget Hotels
, Luxury Hotels
, Mid-Market Hotels
“There’s no doubt that the budget sector has weathered the storm better than the mid-market particularly. I think what we’re getting is the two poles, almost the budget sector doing relatively well and the luxury sector doing very, very well. The real squeeze has been in that mid-market sector, business meetings, small conferences, very, very difficult in that sector. We are finding a lot of activity at the moment in central Europe particularly. There was obviously a plethora of development work that went ahead there that has now achieved some difficult positions because of the market and therefore more than 50% of our activity now is outside the UK in Europe. Central Europe has been a key area for them."