Research

Lambert Smith Hampton’s (LSH) latest research report combines data and forecasts for the three key business centres in the region, and looks at the drivers behind demand for office space across Greater Manchester.

• Bath and Edinburgh traded well over the recession and while the London hotel market saw performance fall, it will lead the UK hotel market’s return to positive performance.
  
  
• Midscale brands suffered most over 2008 and 2009. In 2010 investment is expected to focus on the growing and successful budget hotel sector.

• Pubs and restaurants have found trading extremely tough throughout the recession, with restaurants the worst hit within the licensed and leisure sector.
  
  
• High-end to mid range offerings were most impacted, where as in the hotel sector, budget and ‘value-for-money’ brands bucked the national trend.
  
  
• The above paints a mixed 2010 outlook for property activity within the sector; a contraction in the pub market contrasting markedly with expansion in the ‘value’ end of the restaurant market.