SCOTLAND’S hotel market should be ready to make the most of this year’s major events, said Steven Fyfe of JLL Hotels & Hospitality Group.
Fyfe said high profile events, such as the Commonwealth Games and Ryder Cup, are “fantastic news for an already strong hotel market”.
“Last year, 30% of the total valuations undertaken by the JLL team were in connection with proposed hotel developments around major attractions, airports and city centres,” said Fyfe.
New developments are expected to be more mixed use than stand-alone, according to Fyfe, who added that “with more portfolios available on the market and more likely to become available, we expect activity in this area to continue to grow”.
“There has never been a better time for the hotel sector to go for gold,” said Fyfe.