According to The Telegraph industry analysts predict that several British hotel chains could fail this year. A total of 145 hotel executives were interviewed and 95% of those that replied predicted bankruptcies in the next 12 months and around 25% expected approximately 10 hotel chains would go into administration. There is growing concern for Britain’s hotel industry as we see a sharp decline in business travel and overall room bookings. However for some domestic travellers this is good news as it forces hotels to cut their rates quite dramatically. Certainly if you shop around there are bargains to be found.
Closures threaten, rates cut
Filed under Accommodation, Miscellaneous
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