Douglas Grant attended PwC uk hotels forecast presentation at which many senior executives in the industry were present. Discussions included a review of hotel operating performance to date which is encouraging in most markets (although London has experienced some slowdown). Forecasts remain positive for the sector but at slower rates of growth are likely going forward given the level of uncertainties that prevail. In transactions smaller asset deals seem more likely than portfolios with new buyers entering the market. New segments opening up include the rise of Airbnb, that has consolidated its position as a supplier of accomodation and is expected to grow rapidly.