Swansea hotel booked amid rising demand

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A hotel has been earmarked next to the Swansea Arena as demand for accommodation in the city soars.

Swansea Council said it has identified a location for a hotel as the new stadium drives demand from business and leisure travellers.

It comes as a Colliers report said three new hotels in the city could be needed by 2026 to meet demand.

The commercial real estate firm’s report says travelers looking to Swansea as a great place to stay are making it one of the “fastest growing” destinations in the UK for demand for hotel accommodation.

The in-depth study said housing pressure is “beginning to outsupply.”

He added that since the pandemic, Swansea has been the fifth fastest growing destination in the UK for hotel visits, competing well with places like Bath and Belfast.

Marc Finney, Director of Hotels & Resorts Consulting at Colliers, said: “Swansea is a good example of a UK city that has seen several years of growth in demand with very little new supply added.

“This creates opportunities for astute investors to benefit from positive developments in the city, knowing that they will enter the market with a fresh, modern product, with strong market fundamentals to support that investment.”

Robert Francis-Davies, Cabinet Member for Investment, Regeneration and Tourism, added: “This report shows that now that the pandemic is behind us, Swansea’s hotel businesses are doing well and the industry would benefit from further investment here.

“We have already designated a location next to the stadium for a new hotel and the Colliers report is a valuable message to any hotel chain that Swansea is a good place to do business.”