HOTELS LEEDS IN - Hotel Investors Fact Sheet - Leeds Inclusive Growth Strategy
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Hotel Investors Fact Sheet
HOTELS
IN
LEEDS
VISITLEEDS.CO.UK 01 HOTEL INVESTORS FACT SHEET
VISITLEEDS.CO.UK 02 HOTEL INVESTORS FACT SHEET
In 2017 Leeds enjoyed a 5% growth in its accommodation stock with four hotels coming onto the market. The
city’s visitor economy continues to grow with visitor numbers and spend growing faster than the national average.
Leeds was named in Lonely Planet’s Top Ten Best European Cities to Visit in 2017. The city is able to offer a
number of development opportunities in key areas that would be suitable for further expansion of the city’s
accommodation portfolio.
Located at the heart of the UK, at the intersection of the national The BBC’s regional headquarters is located in the city and ITV, the
motorway network, Leeds is just over two hours by rail from UK’s largest media production and distribution company also has
London Kings Cross and is ideally positioned as the gateway to a centre here. Leeds has a strong reputation as a hub for film and
Yorkshire. Leeds Bradford Airport is the UK’s fastest growing screen production.
regional airport and Leeds rail station is already the busiest
The City has moved up to 3rd place in the UK retail rankings
station in the north, with passenger numbers forecast to reach
following the opening of Victoria Gate in late 2016, which was
Gatwick levels in the next 10 years. There is a significant
awarded Best Shopping Centre at the MIPIM Awards 2017. The
programme of investment and redevelopment in place to
city is one of the only UK cities with its own opera and ballet
transform the existing station, as well as the phased development
companies and is currently creating a £35m six year cultural
of the HS2 station to create a single transport hub serving
programme culminating in a year of celebration in 2023.
Yorkshire and the wider UK, acting as a world class gateway to
the city. HS2 and Northern Powerhouse Rail will connect Leeds to In 2014 Leeds took centre stage with the grandest of Grand
all UK cities, strengthen links with London and open up access to Départs when Yorkshire hosted the first stage of the Tour de
global economies. France, was a host city for the Rugby World Cup in 2015 and the
prestigious ITU World Triathlon Series in 2016 and 2017. Leeds is
The Leeds City Region is the largest economy in the north,
set to host it again in 2018 and is the first city to stage the series
with a £64.6 billion economic output, it is reinventing itself as
outside London. The opening of the 13,000 seater first direct
a knowledge-based economy at a faster rate than any other
arena has seen the city play host to numerous international music
region in the UK. This is resulting in unprecedented growth and
artists including Elton John, Bruce Springsteen and Mariah Carey
the fastest private sector jobs increase in the UK, with over 6%
as well as hosting BBC Sports Personality and the MOBO’s. The
annual growth in private sector employment. These benefits
arena is currently 6th busiest arena venue in Europe and 4th
continue to attract foreign investment into the city. In absolute
busiest in the UK.
terms, 2016 represented a high point in the decade for investment
projects secured by Leeds City Region. A total of £4 billion has In 2016 the city welcomed 27.29 million visitors to Leeds; 4.2%
been invested in large scale development projects in Leeds over higher than in 2015. The visitor economy is worth an estimated
the last ten years, including £520 million invested in major retail £1.64 billion to the local economy. Between 2013 and 16 staying
and leisure developments. Leeds has a further £7 billion worth of visitors in the city grew by 18.5%, spending on average 2.3 days
schemes in the development pipeline. in the city and £177 million on local accommodation. The serviced
accommodation sector saw the biggest growth in visitor days/
Leeds has one of the most diverse economies of all of the UK’s
nights of 29% between 2013 and 16. Leeds is ranked one of the
main employment centres. It is the largest centre outside London
top ten most popular conference destinations in the UK and in
for financial and business services and is home to over
2016 hosted an estimated 48,200 meetings/conferences, 2.9
30 national and international banks as well as the Bank of
million delegates with the business tourism sector worth an
England’s only note issuing centre outside London. Leeds is also
estimated £409 million to the local economy.
the UK’s first city of health innovation and has a unique health and
social care ecosystem and is home to four of the most important
1. Trinity Leeds. | 2. first direct arena | 3. Victoria Quarter
UK health service bodies: NHS England, NHS Digital, the NHS 4. Broadcasting Place, Leeds Beckett University. | 5. ITU World Triathlon Series
Leadership Academy and Health Education England.
1. 2.
The city is a global leader in Big Data and the only city in the UK,
outside London, with a high capacity internet exchange. Leeds has
a long and distinguished heritage as a centre of manufacturing
innovation and is proud to be one of the UK’s leading
manufacturing locations; home to world leading companies in
engineering, food manufacturing, environmental technologies,
health, automotive, aerospace and energy sectors. Arla, Agfa,
DePuy Synthes and Abraham Moon all have critical bases in the
3. 4.
city to name a few, and the luxury brand Burberry opened their
new business services centre in Leeds in October 2017. A new
city centre hub for HM Revenue & Customs (HMRC) has been
confirmed by the government. This will lead to 6,000 jobs located
in state-of-the-art in Leeds city centre premises by 2020.
The city has four internationally recognised universities, one of
the largest further education colleges in the UK and Europe’s
largest teaching hospital trust. The University of Leeds, named 5.
University of the Year 2017 by The Times and Sunday Times, is
home to one of three Business Confucius Institutes in Europe;
a non-profit public institution aligned with the Office of Chinese
Language Council International (Hanban), partnered with the
University of International Business & Economics in Beijing. The
city’s student population is estimated to be over 80,000.
VISITLEEDS.CO.UK 03 HOTEL INVESTORS FACT SHEET
OVERVIEW
HOTEL SUPPLY HOTEL PIPELINE HOTEL CLOSURES (2012-17)
77 HOTELS 6,809 BEDS 28* HOTELS 3,265 BEDS 3 HOTELS 61 BEDS
PERFORMANCE
AVE OCCUPANCY £70 AVE ROOM RATE
AVE ROOM RATE £68
REVPAR £66
£64
90% £62
£60
80% £58
70% £56
£54
60%
£52
50% £50
2014 2015 2016 2017
40%
30% 2014 2015 2016 2017
20% AV OCCUPANCY 78% 78% 78% 77%
10% AV ROOM RATE £61 £66 £69 £69
0% REVPAR £48 £52 £54 £53
2014 2015 2016 2017
RECENT OPENINGS PIPELINE – UNDER CONSTRUCTION
GRADE BEDROOMS DATE GRADE BEDROOMS DATE
PREMIER INN LEEDS CITY CENTRE (LEEDS ARENA) Budget 131 2012 EASY HOTEL Budget 94 2018
ART HOSTEL Hostel 8 2016 HAMPTON BY HILTON Budget 192 2019
DAKTOTA DELUXE LEEDS 4-star 90 2017 KIRKSTALL FORGE Budget 120 2019
IBIS STYLES LEEDS MERRION CENTRE Budget 134 2017
PREMIER INN WHITEHALL PLAZA Budget 136 2017
PREMIER INN LEEDS HEADINGLEY Budget 96 2018
HOTEL CLOSURES
45 2012 – 17
SUPPLY LOSS
40
PROPERTIES
35 ROOMS
SUPPLY LOSS - PROPERTIES SUPPLY LOSS - ROOMS
2012-17 2012-17 30
HOSTEL 0 0 25
APARTMENT 2 40 20
BUDGET 0 0
15
2-STAR 0 0
10
3-STAR 1 21
4-STAR 0 0 5
5-STAR 0 0 0
HOSTEL APARTMENT BUDGET 2 STAR 3 STAR 4 STAR 5 STAR
*Pipeline figures include, live, planning, deferred, unconfirmed developments according to STA Global sources.
VISITLEEDS.CO.UK 04 HOTEL INVESTORS FACT SHEET
CURRENT HOTEL SUPPLY*
MARKET SIZE & STRUCTURE CHAIN HOTELS BY TYPE
Hotels Share Rooms Share Chain Independent
HOSTEL 2 3% 17 0% 0 2
APARTMENT 10 13% 379 6% 30 70
BUDGET 20 26% 2,120 31% 90 10
2-STAR 11 14% 239 4% 0 100
3-STAR 14 18% 895 13% 57 43
4-STAR 20 26% 3,159 46% 65 35
5-STAR 0 0% 0 0% 0 0
HOSTEL HOSTEL
APPARTMENT APPARTMENT
HOTELS
BUDGET
2 STAR
MARKET SIZE & ROOMS
BUDGET
2 STAR
3 STAR
STRUCTURE 3 STAR
4 STAR 4 STAR
5 STAR 5 STAR
HOTEL PIPELINE STRUCTURE*
PIPELINE OVERVIEW MARKET SIZE & STRUCTURE ROOMS BY CHAIN TYPE
Hotels Share Rooms Share Chain Independent
UNDER CONSTRUCTION 4 39% 502 18% 100 0
PLANNING 12 48% 1,260 45% 0 100
ON HOLD 9 36% 1,066 38% 0 100
BREAKDOWN OF MARKET SIZE & STRUCTURE ROOMS BY BRAND TYPE
PROJECTS Hotels Share Rooms Share Chain Independent
HOSTEL 1 4% 8 0% 0% 100%
APARTMENT 2 8% 35 1% 0% 100%
BUDGET 9 36% 1,274 45% 0% 100%
2-STAR 1 4% 250 9% 0% 100%
3-STAR 8 32% 801 28% 17% 83%
4-STAR 4 16% 460 16% 0% 100%
5-STAR 0 0% 0 0% 0% 0%
HOSTEL HOSTEL
APPARTMENT APPARTMENT
HOTELS
BUDGET
2 STAR
MARKET SIZE & ROOMS
BUDGET
2 STAR
3 STAR
STRUCTURE 3 STAR
4 STAR 4 STAR
5 STAR 5 STAR
Source: 2018 STR Inc/ STR Global LTD trading as STR
The majority of properties contained in the AM:PM Hotel Database are hotels, but other properties providing comparable serviced accommodation are also incorporated, including Aparthotels, Hostels, Inns, Pubs, Restaurants with Rooms,
and Serviced Apartments. Properties trading as a Bed & Breakfast, Guest House or Guest Accommodation are only included where they have a minimum of 15 bedrooms. Data correct as of 19th February.
*Please Note: Figures do not include unconfirmed delvelopments as per STR Global
*The accommodation classifications used are aligned to the UK accommodation quality assurance schemes
VISITLEEDS.CO.UK 05 HOTEL INVESTORS FACT SHEET
NO MY IMPACT F
ECO OR conference-leeds.com visitleeds.co.uk
OR L
IT
EED
VIS
S
A1 (M) 77%
AVERAGE HOTEL
NORTH OCCUPANCY
IN 2017
£69
OVER TWO-THIRDS OF THE LEEDS 77 HOTELS
AND
AVERAGE ROOM RATE
WHICH EQUATES TO
DISTRICT IS OPEN SPACE, PUBLIC
PARKS, GARDENS AND GREEN BELT 6,809 ROOMS £53
LAND, AND THE CITY CENTRE IS REVENUE PER
ACCOMMODATION
LESS THAN 20 MILES FROM THE AVAILABLE ROOM
IN 2016
YORKSHIRE DALES NATIONAL PARK
28 HOTEL
DEVELOPMENTS IN THE PIPELINE,
SUPPLYING A FURTHER
3,265 ROOMS
LEEDS WELCOMED
2ND HIGHEST
SUPPLY OF BRANDED CASUAL DINING
LEEDS HAS
4 MAJOR
RESTAURANTS OUTSIDE OF LONDON THEATRES PURPLE FLAG STATUS
331,000 FOR THE EVENING & NIGHT
TIME ECONOMY
INTERNATIONAL VISITORS IN 2016
3RD BEST PLACE TO SHOP IN THE
5TH LARGEST
UK SHOPPING DESTINATION
THE OFFER
UK OUTSIDE OF LONDON
UP 10%
ON 2015
LEEDS HAS LEEDS IS ONE OF THE
TOP 5 COUNTRIES OF ORIGIN
POLAND, IRELAND, FRANCE, SPAIN, OVER 16 O N LY E N G L I S H C I T I E S
OUTSIDE LONDON WITH ITS
AND THE NETHERLANDS MUSEUMS AND OWN REPERTORY THEATRE, OPERA
GALLERIES HOUSE AND BALLET COMPANIES
1 TOP MOST POPULAR CONFERENCE BUSINESS
LEEDS WELCOMED TOURISM
TEN DESTINATION IN THE UK
2.9 MILLION
OF THE
BUSINESS TOURISM
IS WORTH
DELEGATES IN 2016 20 £409.5 48,200
AIM ACCREDITED
VENUES
MILLION
TO THE ECONOMY
MEETINGS,
CONFERENCES
INCLUDING
TOP 10 4 GOLD AWARDS AND EVENTS
HOSTED IN
UK CITY 2016
ICCA 2016
25 MILLION
THE CITY WELCOMED
DAY VISITORS IN 2016 WORTH 27.29 MILLION
DAY AND NIGHT VISITORS IN 2016 WORTH
£1.12 BILLION £1.64 BILLION ECONOMIC IMPACT
TO THE LOCAL ECONOMY TO THE LOCAL ECONOMY +18.4%
BETWEEN 2013 AND 2016
LEISURE VISITORS
VISITOR NUMBERS
VISITORS TO LEEDS
SUPPORT +4.2% BETWEEN 2015
AND 2016
2.27 MILLION
18,890 PEOPLE STAYED IN LEEDS AS PART OF A
HOLIDAY OR SHORT BREAK IN 2016
STAYING FULL-TIME JOBS ACCOUNTING FOR
VISITORS UP 5.22 MILLION NIGHTS
18.5% IN LOCAL ACCOMMODATION WITH AN
WELCOME
ECONOMIC IMPACT OF
BETWEEN
2013 & 16 £518 MILLION
TO LEEDS
MANCHESTER LONDON
43 MILES 175 MILES
GENERAL
L E E D S AT T H E 50 MINS TRAIN: 2HR
1 HR BY AIR
CROSSROADS 0F THE 2OO MILES
+ FROM LONDON AND EDINBURGH BY TRAIN
M62, M1 AND A1M AN D ROADKEY CONTACTS
For more details on Leeds, please contact:
info@visitleeds.co.uk
www.visitleeds.co.uk
+44 (0) 113 378 1166
VISITLEEDS.CO.UK 07 HOTEL INVESTORS FACT SHEET@VisitLeeds
facebook/loveleedsmore
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