Originally Posted by
hugolover
But let's read it all in the context, as I said before, Glasgow rates have not recovered anything like Edinburgh. It's cheap. My concern is the standard on offer does not incentivise increasing rates in the long run.
Just a quick question on this part and I'd be interested to hear yours and others thoughts on it. Is it really just a case of Glasgow rates not recovering as fast or is market saturation also a big issue?
The number of rooms that have been added in Glasgow in recent years is incredible and there are still quite a few rooms to come online.
Glasgows rates remind me very much of when the oil industry slumped in Aberdeen and all the new hotels came online.