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Hotel franchises have been a very successful way for existing hotel brands to expand without acquiring new properties. Many extremely well know and long-standing hotel chains also have franchise operations as well.
The way it works is that a person with property, usually an existing hotel can sign up with a hotel franchise under a license agreement. By doing this the the hotel can benefit from use of the hotels brand, booking system and other support.
The hotel chain benefits from a new addition to its portfolio and the benefits of increased brand exposure and room availability.
Statistics around the Hotel industry:
We hope these statistics we share below can help you get an idea of the hotel industry in the UK. Since before making any business decision its very important to do thorough and detailed market research so we hope these statistics can help give you a brief overview of the market size , employment and growth the hotel industry has seen in its recent years.
- The hotel industry has seen a growth of 1.6% from 2015 to 2020 which shows a promising consistent growth according to Ibisworld.
- Also the total market size of the hotel industry in the UK is worth a whopping £21 billion according to Ibisworld.
- Another great thing the hotel industry does not shy away from is providing job opportunities to a vast range of different people around the UK. Since according to Ibisworld the total industry employment in the UK for the hotel industry is over 370,000.
- Also there are many hotel franchises currently operating in the UK. Since Ibisworld have said that there are over 13,000 hotel businesses currently operating in the UK.
Would a Hotel franchise be right for you?
With the hospitality industry being worth £143 billion to the UK economy and expected to continue to grow hotel franchise opportunities can offer an exceptional business for an existing or new entrepreneur.