Hotel rooms in Manchester and Salford set to increase by 20%

Hotel rooms in Manchester and Salford set to increase by 20%

Manchester and Salford’s hotel room pipelines are set to increase by 20% by the year 2020 according to new figures from Savills.

As Manchester and Salford’s prowess as both a business and visitor destination increase, more hotel rooms are in development to cope with the demand, with a further 2,713 rooms due for delivery between 2018 and 2020.

Whilst many European and global cities have taken a hit by alternative lodging models such as Airbnb, this appears to be less true in Manchester and in the UK in general. For example, in Paris, Airbnb rentals account for nearly 2.5% of the residential stock whereas in London, it only accounts for 0.8% and in Manchester, it’s just 0.4%.

It is forecasted that the biggest demand in Manchester and Salford over the next two years with be in the 4-star category and the biggest percentage increase will be in the serviced apartments market. For investors keen to capitalise on the UK hotel market, Manchester and Salford would appear to be the destinations to target.