The hotel sector continues to see year-on-year growth in revenues and expansion of capacity. A report from the city council illustrates how the hotel sector has enjoyed huge growth since Liverpool celebrated being European Capital of Culture a decade ago.
Occupancy levels and profit-per-room (revpar) are all rising despite their being almost double the number of hotel rooms in the city than there were in 2008. October 2017 saw the highest ever weekend average revpar peak at £104.63.
The figures reflect the rise in value of the Liverpool city region visitor economy which is now estimated to be worth around £4.3bn a year.
From a developer/investor perspective, Liverpool is set to enjoy growth in the hotel sector for some time to come with room occupancy set to increase into the foreseeable future with more capacity required year on year.
The Baltic Hotel Liverpool will be open for business in late 2019. The hotel enjoys a prominent position in Liverpool’s exciting Baltic District. If you would like to know more about this fantastic investment opportunity then register your details with us.