Hospitality & Tourism

hospitality

The surge in overseas tourism to the UK that started in 2017 has been boosted by North American visitors, sterling’s 30-year-low against the dollar proving irresistible. The results are remarkable against the backdrop of an uncertain corporate and consumer outlook, recent political tensions, and high levels of new supply openings.

We expect a slower pace of growth in the coming years as the stimulus of the weak pound starts to weaken, and additional new supply kicks in. However, even if with continued global political volatility, an expected slowdown in UK economic growth after Brexit, we still forecast reasonably strong growth in 2020-2021.

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Al Sana Group also has plans to invest in the UK and international hotels sector, targeting under-performing assets with a view to installing new leadership and implementing new strategies to maximise returns.

The hotel industry is one of the fastest-growing economic sectors and offers excellent property investment opportunities for our customers. The key is to add value to an asset. When we acquire a hotel for example, we aim to employ top-notch management to ensure income grows robustly.

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