Against a backdrop of Brexit uncertainty that has subdued performance in a number of commercial sectors, tourism and hotels have defied conditions to deliver significant growth in Scotland.
The inaugural Hotels Economic and Property Market Review, compiled by real estate advisors GVA , highlighted strong hotel market performance across the UK in 2017.
In Scotland, this has been buoyed primarily by inbound tourism. VisitScotland statistics show that the number of international tourist trips to Scotland in the first nine months of 2017 increased by 14.6 per cent (to 1.26m) over the same period of 2016. This offset a drop in domestic overnight trips over the same period, which fell by 5.5 per cent to 8.29m. Unlike the rest of the UK, Scotland saw a drop in the number of ‘staycation’ trips following the Brexit referendum.
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