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Around 3,200 new hotel rooms will become available in Manchester and Liverpool over the next two years.
According to real estate advisors Colliers International another 2,073 hotel rooms will be added to the 17,894 already available in Manchester as of 31 December 2017, while an additional 1,170 rooms will be added to the 8,205 currently available in Liverpool.
Julian Troup, head of Colliers International, said the weak pound, the strengthening of global and eurozone economies and the increasing frequency of direct flights between Asia and Manchester had all contributed to the growth in the performance of the city’s hotel sector.
Troup said: “Hotel sector performance in Liverpool and Manchester is expected to stay strong but there is a degree of caution regarding the extent of supply growth with potential future consequences for performance. Brexit obviously adds an element of uncertainty to hotel market prospects in Manchester and elsewhere in the UK although current market conditions do not show it having a negative impact.”
He added: “Manchester is one of the most visited cities in the UK, benefitting from its diverse culture, burgeoning services sector, wide range of tourist attractions and of course, the United and City effect while the visitor economy of Liverpool also continues to benefit from its ongoing renaissance.”
