2nd August 2018
RBH CEO Helder Pereira tackled the burning issues affecting the hotel industry at a recent RDI investor day in London.
Sharing his thoughts on topics including Brexit and Airbnb in the capital, the former South African businessman turned panelist at the ‘Space as a Service’ event hosted by the FTSE 250 UK Real Estate Investment Trust.
Longstanding partners, RBH - the UK’s leading independent hotel management firm with around 70 hotels under its management – manages most of RDI’s hotel assets.
The ‘Space as a Service’ event was a great opportunity for investors to see how their hotel assets are effectively managed.
In the current climate, investors are also looking for reassurance and I was glad to be given the opportunity to be able to offer some insights from the helm of the UK’s leading independent hotel management company, particularly on the topic of market disruptors and Brexit.
There is no denying it is a uncertain time for the UK hospitality sector, but in the short term trading will remain fairly stable with pressure being felt in RevPAR in areas which have had significant supply increases.
Likewise, there has been a lot said in recent months on the impact of Airbnb, but ultimately the numbers do the talking. Worldwide hotel RevPAR rates remain undeterred and the presence of a player like Airbnb is supporting further growth in the market as well as causing disruption. This sector will also come under some legislative pressure which will be good for the consumer and will level the ‘playing fields’for competitors.”