UK hotel growth could see rates slow down

Corporates could benefit from lower hotel rates in the year ahead as the latest Hotel Bulletin suggests new supply could outstrip demand.The Q4 2015 report, published by HVS, AlixPartners and AM:PM, says London is to gain a further 7,000 hotel rooms this year while growth in demand remains subdued.Across the UK, 16,000 hotel rooms are expected to open this year compared with 10,000 last year.HVS chairman Russell Kett said: “The huge amount of openings planned for 2016 in London will be of concern to the city’s hoteliers who, while historically are used to robust performance, are currently…