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UK hotel growth to decline in 2018
Professional services firm PriceWaterhouseCoopers (PwC) believes that earnings growth in UK hotels will be lower in 2018. The company predicts a stronger than anticipated second half of the year thanks to a recovery in Europe and a weaker pound, but argues this is not sustainable.
Canaccord Genuity reckons Airbnb is a growing threat to the hotel sector as it gains more traction with leisure travellers.