Last year brought improvements to all major stats of Manchester hotels. They posted increases in RevPAR and demand. The growth was reached in all but one month of 2013. The positive trend was achieved mostly thanks to business and corporate travellers.
The fourth quarter was the most successful for hotels in Manchester as their RevPAR peaked during that period. If compare daily results of 2013, it is clear that the growth of occupancy on weekdays helped to cope with falling occupancy on the weekend. The trend is obvious if we take in consideration the fact that Manchester is a typical destination for business travellers. Still, RevPAR on weekends was £9.13 higher than the same figure on weekdays.
Without a doubt, strengthening of hotel market of Manchester was noticed by hotel developers and investors. Currently, the city’s pipeline estimates 4,346 guestrooms. When these hotels start operating, the city’s hotel supply will grow by 32%. The new hotels belong to wide array of segments, from economy to upper upscale. In future, the market is expected to grow despite possible economic instability and other threats.