Birmingham’s hotel sector has enjoyed its most successful year in history, according to a new report.
Occupancy rates for 2016 peaked at 99 per cent capacity and averaged at 75 per cent, which were both the highest on record, according to the report by Marketing Birmingham’s Regional Observatory.
The data reveals both the proportion of international visitors and overnight visitors to the city have doubled in the last three years.
Overnight guests now account for 45 per cent of all visitors, compared to 21 per cent in 2013.
While the proportion of international visitors has grown from six per cent to 12 per cent, with the most visitors travelling from European countries such as France and the Netherlands, as well as from the US.
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The articles are for information purposes only and Invest for Property shall not be held responsible for any errors, omissions or inaccuracies within it. Any rules or regulations mentioned within the website are those relevant at the time of publication and may not be the most up-to-date.
Invest for Property does not endorse any of the products or services that appear on it or are linked to it and are not liable for any action that you may take as a result of the content of this website, or losses or damage you may incur doing so.
There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.
Please remember that investments of any type may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.
