The Association of Serviced Apartment Providers (ASAP) and Savills have released the key findings from their bi-annual report on the UK’s fastest growing hospitality sector.
The survey reported that overall operators are increasingly optimistic about business prospects in comparison to November 2016, with more than a third of respondents stating their intentions to accelerate expansion plans – up from jsut 13% shortly after last year’s Brexit referendum.
The operational outlook has also improved significantly on last December’s survey, with close to half of respondents expecting occupancy levels in 2017 to be an improvement on last year.
“It’s great to report that a number of our members have already delivered on their expansion plans for 2017 and there are a number of further new developments on track to open later this year.”
– James Foice, Chief Executive, ASAP