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Construction in the Hotel and Entertainment Sector Market Report - UK 2011-2015 Analysis
AMA Research, August 2011, Pages: 81
AMA Research are pleased to announce the publication of the 3rd Edition of the report “Construction in the Hotel, Entertainment and Leisure Sector Report – UK 2011-2015 Analysis” which focuses on the capital expenditure and building programmes in several key sectors:
- Hotel chains – luxury, mid-market and budget
- Pub companies – pubs/restaurant groups,
- Betting & gaming - casinos etc
- Health clubs – major groups, hotel groups, emerging budget gyms
- Cinema operators – leading chains.
Key areas in the report:
- Assessment of leisure new build construction output and RMI, together with forecasts for growth up to 2015.
- Review of structures and sizes of all sectors within the leisure market, together with projections for growth.
- Detailed analysis of key leisure sector chains and operators, together with current and projected estate portfolios, spending programmes and forward development pipelines.
- Analysis of leisure sector construction capability and project experience of key contractors.
Areas of particular interest:
- The entertainment and leisure has performed relatively well in the current economic climate compared with other construction sectors, with construction output values reaching around £5.8bn in 2010.
- Outlook for the hotel & leisure construction sector in 2011 indicates further moderate gains of 3-4% to a forecast value of around £6bn in output value. However, the medium-term outlook is for a relatively flat market, though there will be significant growth sectors.
- Capital investment levels in the sector currently stand at around £5.2bn - the hotel sector, in particular budget hotels, seeing significant expansion plans.
- Some elements of the leisure sector have remained relatively buoyant throughout the recession, with the budget hotel and budget gym sectors benefiting from the ‘staycation' trend.
- Overview of capital spending and development plans of key players in each sector.
Key areas covered in the report include:
THE HOTEL & ENTERTAINMENT SECTOR IN THE UK
- Market overview and size - £100+ billion market.
- Consumer spending and value of tourism to the UK economy.
- The impact of the recession on the Hotel & Entertainment Sector.
THE UK HOTEL SECTOR
- Market size, value and structure – key trends, forecasts up to 2015.
- Performance of the hotel sector in 2010-11 – room numbers, trends, forecasts.
- Major chains and sectors within the hotel industry – Budget, Mid-Range and Luxury – market shares.
- Review of budget hotel sector – major players, shares, development plans.
HEALTH CLUBS AND SPAS
- Sector overview and size – recent trends, forecasts up to 2015.
- Leading health club operators and chains in the UK – key groups, market shares etc.
- Budget gym operators and chains – key players, shares, development plans.
- Hotel health & leisure clubs – key players, market shares.
BETTING, GAMING & CASINO SECTOR
- Sector overview and size.
- Casinos & Gaming Halls – key players, market shares.
- Bingo Halls– key players, market shares.
CINEMAS & MULTIPLEXES
- Sector overview and size.
- Development of the multiplex and digital markets – multiplex share, recent trends etc.
- Leading operators in the cinema exhibition market – key players, market shares.
PUBS, BARS AND RESTAURANTS
- Sector overview and size - recent trends, market restructuring etc.
- Key pub and restaurant chains and operators – major players, market shares.
- Industry trends in the pub and restaurant sectors.
HOTEL & ENTERTAINMENT CONSTRUCTION
- Construction market overview, value of construction output by sector in 2011-15
- Entertainment sector refurbishment and fit-out market
- Building programmes and capital expenditure in the entertainment sector
- Building programmes and capital expenditure in the hotel sector
- Building programmes and capital expenditure in the health club sector
- Building programmes and capital expenditure in the betting & gaming sector
- Building programmes and capital expenditure in the cinema sector
- Building programmes and capital expenditure in the pub and restaurant sector
- Summary overview of development in each sector.
CONTRACTOR CAPABILITY IN THE HOTEL & ENTERTAINMENT SECTOR
- Sector overview
- Project experience of key contractors in the leisure sector – key players, clients etc.
2. SUMMARY AND FUTURE PROSPECTS
3. THE HOTEL & ENTERTAINMENT SECTOR IN THE UK
3.1 MARKET OVERVIEW & SIZE
3.2 VALUE OF TOURISM TO THE UK
3.2.1 Consumer Spending
3.2.2 Value of Tourism
3.2.3 Impact of the Recession on the Hotel & Entertainment Sector
3.3 THE HOTEL SECTOR
3.3.1 Structure and Size
3.3.2 Value of the Hotel Sector and Key Drivers of Growth
3.3.3 Performance of the Hotel Sector in 2010-2011
3.3.4 Major Chains and Sectors within the Hotel Industry
3.3.5 Budget Hotels
3.3.6 Mid Range Hotels
3.3.7 Luxury Hotels
3.4 HEALTH CLUBS & SPAS
3.4.1 Sector Overview and Size
3.4.2 Leading Health Club Operators in the UK
3.4.3 Budget Gym operators
3.4.4 Hotel Health & Leisure Clubs
3.5 BETTING, GAMING & CASINO SECTOR
3.5.1 Sector Overview and Size
3.5.2 Casinos and Gaming Halls
3.5.3 Bingo Halls
3.6 CINEMAS AND MULTIPLEXES
3.6.1 Sector Size and Overview
3.6.2 Development of the ‘Multiplex' and ‘Digital' Markets
3.6.3 Leading Operators in the Cinema Exhibition Market
3.7 PUBS, BAR AND CLUBS
3.7.1 Sector Overview & Size
3.7.2 Key Players in the Pub Market
3.7.3 Industry Trends in the Pub Sector
3.8 RESTAURANTS AND CAFES
3.8.1 Sector Overview & Size
3.8.2 Industry Trends in the Restaurant Sector
4. HOTEL & ENTERTAINMENT CONSTRUCTION IN THE UK
4.1 CONSTRUCTION MARKET OVERVIEW
4.1.1 Value of Output - Construction New Work
4.1.2 Construction Output by Sector in 2010
4.1.3 Construction Performance in 2011 and Beyond
4.1.4 Value of Output - RMI
4.2 ENTERTAINMENT AND LEISURE CONSTRUCTION MARKET
4.2.1 Entertainment Sector Refurbishment and Fit Out in the UK
4.3 BUILDING PROGRAMMES AND CAPITAL EXPENDITURE IN THE ENTERTAINMENT SECTOR
4.3.2 Building Programmes and Capital Expenditure in the Hotel Sector
4.3.3 Building Programmes and Capital Expenditure in the Health Club & Spa Sector
4.3.4 Building Programmes and Capital Expenditure in the Betting, Gaming & Casino Sector
4.3.5 Building Programmes and Capital Expenditure in the Cinema Sector
4.3.6 Capital Expenditure in the Pub Sector
5. CONTRACTOR CAPABILITY IN THE HOTEL & ENTERTAINMENT SECTOR
List of Tables & Charts
Table 1: Value Of The Uk Hotel & Entertainment Sector To The Economy & Construction Industry - 2010
Chart 2: Uk Entertainment Market – Revenue By Sector - Food Service, Hotels, Pubs, Health Clubs Etc.(£ Billion) 2010
Table 3: Uk Inbound Tourism –Volume And Value 2002-2010
Table 4: Uk Hotel Sector – Number Of Star Rated/Group Owned Hotels As At June 2011
Chart 5: Turnover Forecasts In The Uk Hotel Sector: 2006 – 2015 (£Billion)
Table 6: Uk Hotel Sector – Performance Indicators (London & Provinces): April 2010-March 2011
Table 7: Uk Hotel Market – Top 10 Largest Operating Companies - 2011
Chart 8: Growth Of The Budget Hotel Sector 1990 – 2010 (No. Rooms)
Table 9: Budget Hotel Sector – Total Supply 2005 - 2010
Table 10: Top 20 Uk Budget Hotels – Leading Brand Portfolios – Market Shares By No. Of Rooms 2010
Table 11: Top 20 Uk Mid-Range Hotel Groups – Leading Brand Portfolios – Market Shares By No Of Rooms 2010
Table 12: Top 15 Luxury Hotels – Leading Brand Portfolios – Market Shares By No. Of Rooms 2010
Chart 13: Health & Fitness Market – New Private Sector Club Openings 2006- 2011
Table 14: Leading Private Health & Fitness Club Brands/ Operators 2011
Table 15: Leading Uk Budget Gym Operators 2011 – No. Of Clubs And Development Plans
Table 16: Leading Private Health & Fitness Club Brands/ Operators 2011
Table 17: Leading Casino Operators 2011 – Market Shares
Table 18: Leading Bingo Halls 2011 – Market Shares By No. Of Halls
Table 19: Growth Of The Uk Cinema Market 2005-2011
Table 20: Cinema Screens By Type Of Building: 2005- 2010
Table 21: Rise Of Digital Cinema Screens: 2005- 2010
Table 22: Leading Cinema Exhibition Operators 2011 – Market Shares
Chart 23: Turnover In The Uk Pub Sector 2007-2011
Table 24: Leading Pub Operators By Property Portfolio 2010-11 – Market Shares By No. Of Pubs
Table 25: Top Uk Restaurant Operators – 2011
Chart 26: Non-Domestic Construction Output (Uk) 2005 To 2015 - By Value (£ Billion At Current Prices)
Chart 27: Value Of Construction Output New Work By Sector - % By Value 2010
Chart 28: Rmi Construction Work Output By Sector: 2005 – 2010 (£Bn)
Table 29: Entertainment And Leisure Work (Public & Private Sectors) – Contractors Output 2005 – 2015 (£M)
Chart 30: Capital Expenditure In The Uk Leisure Market – By Sector 2010
Chart 31: Growth Of The Uk Hotel Sector (Including The Budget Sector): 2011 – 2020 By No. Rooms
Table 32: Luxury Hotel Sector: Major New Hotels/Refurbishments In London 2011-12
Table 33: Budget Hotel Chains: Future Development Plans: Summary Table
Table 34: Uk Hotels – Change In New Build Size (By Average No. Rooms) 2006-2011
Table 35: Uk Hotels Construction Costs By Type Of Development £M (2010-11 Prices)
Table 36: Health Club Operators: Future Development Plans: Summary Table
Table 37: Casino & Bingo Hall Operators: Future Development Plans: Summary Table
Table 38: Pub & Bar Operators: Future Development Plans: Summary Table
TABLE 39: LEADING CONTRACTORS WORKING IN THE HOTEL & ENTERTAINMENT SECTOR – CAPABILITY, EXPERIENCE, KEY CLIENTS ETC
In overall terms, hotel, entertainment and leisure has performed relatively well in the current economic climate compared with other sectors in the construction industry. In terms of construction output, values reached around £5.8bn making 2010 the second best year for 6 years and only 8% down on pre-recessionary levels in 2008.
However, since 2008, there has been a decline in the rate of capital investment going into development with many leisure operators cutting back on capex and delaying expansion plans until the future of the economy becomes clearer and development finance is more readily available.
Before the downturn, pubs and bars and hotel sectors in particular were investing substantial sums on re-branding and refurbishment programmes driving growth in the sector with annual sums of around £6.5bn in 2008. This figure now stands at around £5.2bn.
The fortunes of the entertainment & leisure sector are largely dependent on levels of consumer confidence and willingness to spend on non-essential goods and services. Consumer spending has been affected by the financial crisis leading to consumers seeking best value in the leisure market. As a result, certain elements of the leisure sector have remained relatively buoyant throughout the recession, with budget hotels, caravan parks and holiday camp operators taking advantage of the ‘staycation' trend among British consumers. The outlook for the sector therefore remains mixed with significant expansion plans announced by the budget hotels sector contrasting with less buoyant prospects for sectors such as restaurants/pubs. In addition, public sector entertainment output will be affected by budget cuts.
The staycation trend has also resulted in an increased demand for luxury accommodation and has driven demand in the upscale hotel sector. This trend is part of a wider move towards consumers looking for higher quality when spending their disposable income and has also been seen in the grocery sector, where higher end supermarket brands such as Waitrose have seen increased sales during the recession.
A further trend emerging from the recession is the rise in popularity of the budget gym sector, where membership prices are on average around 50% cheaper than for traditional clubs. As in the hotel sector, the budget gym market is forecast to increase market share as consumers look to spend existing disposable income more wisely. Many budget operators are seeing the downturn as an opportunity and have aggressive expansion plans for 2011 and beyond.
The outlook for the hotel, entertainment and leisure construction sector in 2011 indicates further moderate gains of 3-4% to a forecast value of around £6bn in output value. However, the medium-term outlook is for output to decline by between 2 and 3.5% a year to 2014 as the impact of the Olympics declines after mid 2012, coupled with expectations of significant reductions in public sector programmes from April 2011 onwards. The sector is expected to return to growth in 2015 with output value currently forecast at around £5.8bn.
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