Hotel investment volumes tumble by 44%

Deal volumes in the UK hotel sector have fallen by around 44% on the same period last year, according to new findings from Savills.

Investment in UK hotels reached £3.2bn in the first three quarters of the year. Despite the year-on-year decline, Savills said it marked an 11.3% rise against the 10-year average of £2.9bn.

So far this year, 97 deals have taken place, dropping by 49% from the 190 that took place in the same period in 2018.

Domestic investors accounted for £1.4bn of the investment, while £1.9bn of it was overseas capital. The latter