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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Please remember that financial investments 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.
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This article is for information purposes only.
Please remember that financial investments 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.
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.
