CBRE’s recent report ‘Heading for the Exit?’ considers the property market impacts of the UK referendum on EU membership. 

THE HOTEL SE​CTOR IMPACT

UK hotel liquidity, in particular, has been driven in recent years by international inbound capital – a share of which has been seeking security and stability. 

A vote to leave the EU would dent the perception of Britain as a ‘safe haven’, at least in short term, and a decline in the overall appetite to acquire hotel stock is expected.

That said, we do expect uncertainty to have a reasonably positive impact on hotel cash-flows as interest rate rises are deferred until there is greater clarity on the future of the UK economy. A low interest rate environment in recent times has boosted consumer spending.

Association of British Holidaymakers (ABTA):

The fall in value of the pound will have an immediate impact on holidaymakers and their spending power overseas.

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