Covid-hit UK hotels unlikely to recover for four years, says PwC https://ift.tt/3muBFkF Jasper Jolly Even with effective vaccine, hospitality sector will struggle to return to 2019 levels Coronavirus – latest updates See all our coronavirus coverage The UK hotel industry could take four years to return to 2019 levels of business, even if an effective vaccine helps the sector to recover from the deep financial hit caused by Covid 19. The daily revenue per hotel room – a key indicator for the sector – is not expected to revive to 2019 levels until 2024 in London, and 2023 across the rest of the UK, according to forecasts published on Tuesday by the accounting firm PricewaterhouseCoopers (PwC). Continue reading... https://ift.tt/eA8V8J October 27, 2020 at 02:01AM

Even with effective vaccine, hospitality sector will struggle to return to 2019 levels

• Coronavirus – latest updates
• See all our coronavirus coverage

The UK hotel industry could take four years to return to 2019 levels of business, even if an effective vaccine helps the sector to recover from the deep financial hit caused by Covid 19.

The daily revenue per hotel room – a key indicator for the sector – is not expected to revive to 2019 levels until 2024 in London, and 2023 across the rest of the UK, according to forecasts published on Tuesday by the accounting firm PricewaterhouseCoopers (PwC).

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from The Guardian https://ift.tt/3muBFkF