UK hotels 'unlikely to recover for up to four years'

The UK hotel industry could take up to four years to return to 2019 levels of business, even if an effective vaccine helps the sector to recover from the financial hit caused by Covid 19, according to new forecasts. The daily revenue per hotel room is not expected to reach 2019 levels until 2024 in London and 2023 across the rest of the UK, says accounting firm PricewaterhouseCoopers (PwC). Read the full story.