21

May

featured image

Glasgow hotel openings smashes target

In 2018 alone, Radisson RED, Motel One, Ibis Styles Glasgow Centre West, Moxy Merchant City and Native Glasgow opened, bringing 930 additional rooms.

Plans to encourage more overnight stays in the city include building 2,500 rooms by 2023. The city looks set to smash its hotel room target – three years ahead of schedule. Figures show 42% of these have already been completed, while another 3,500 are in the pipeline.

Glasgow’s Tourism and Visitor Plan aims to achieve three million overnight visits per year by 2023, delivering an associated spend of £750 million and bringing 6,600 jobs to the city.

Throughout 2017 and 2018, 1,052 rooms were built. Point A brought 122 rooms when it opened two years ago and a further five new hotels opened in 2018, providing 930 additional rooms.

These were Radisson RED, Motel One, Ibis Styles Glasgow Centre West, Moxy Merchant City and Native Glasgow.

Permission has been granted for 12 more hotels, bringing approximately 1,900 rooms. Two of these developments are scheduled to open in 2019, with seven opening in 2020. Opening dates for the final three are still to be confirmed.

Ten more developments, supplying approximately 1,600 rooms, are at various planning stages.

A Glasgow City Council spokesman said: “These figures for hotel development show how attractive Glasgow continues to be for investors in this sector, and underlines the city’s status as a major visitor destination.

“The target of an additional 2,500 hotel rooms seems set to be met and exceeded three years early, which is a statement of the confidence that the tourism and hospitality sector – a key part of Glasgow’s economy – has in its future growth here, and this investment can only be a good thing.”

Read the full news story from Glasgow Live


Fill out the form below and one of our experts will contact you. Office hours are Monday - Friday, 9:00 - 17:00.







Briefly describe how we can help. Please be as specific as you can with your enquiry so that we can efficiently deal with your query.


captcha


Latest News

Glasgow office rent growth set for 13-year high

Glasgow’s office market is heading for its strongest year of rent growth since before the recession, with average rents...Read More

Place Commission to design a better Glasgow

A Place Commission for Glasgow – an independent look at how Glasgow can design its places to put people...Read More

COP26: Glasgow to host UN climate change summit

A major United Nations climate change summit will take place in Glasgow in 2020. The UK has won the...Read More

News by Sector

News Archive

Email Alerts

Sign-up to our email updates for the latest investment opportunities and information in Glasgow. Fill out the form below with your email.