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Hotel growth to slow in 2018, says PwC
A number of factors will lead to the slower growth
A mixture of economic growth deceleration, the wearing off of the weak pound effect on inbound tourism and an increase in new hotel rooms will mean slower growth for the hotel industry next year, PwC’s latest UK hotels forecast shows.
The outlook for London remains positive, with year-on-year occupancy growth of 2.3% forecast for this year with a further marginal increase of 0.2% in 2018, taking occupancy up two percentage points to 83%.
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