BREXIT BOOST as hotel chain boss says it’s the perfect time to INVEST IN THE UK

hotel-boss

THE chief executive of one of the biggest leisure firms in the Asia Pacific said it was the “perfect time” to invest in the UK due to a weaker pound.

Dillip Rajakarier, CEO of Minor Hotels, which has more than 150 hotels in 24 countries, said he would seek the “opportunities” of Brexit and set up a hotel within the next two years.

Speaking on Sky News, Mr Rajakarier said tourism figures were strong and now was the right time to invest in the group’s first hotel in Britain.

Asked if he was deterred about Brexit, he said: “We’re not actually. I think during a crisis you see opportunities as well.

“For us, the timing is perfect because from an investment perspective, the UK pound is low, which is quite attractive to some of the Asian investors as well.

“The market is still booming. When you look at some of the tourism statistics, it’s still high.”

Britain is in the midst of a tourism boom and as Brexit takes effect, the numbers are set to keep on climbing, according to figures.

The data from VisitBritain shows Britain has become 11 per cent more affordable to overseas visitors than last year.

January’s figures broke records for the amount of inbound visitors, at a total of 2.85m. Spending soared too with the £1.5bn marking a 15 per cent increase on last year.

The stats quell doubts surrounding the triggering of Article 50, which left many people questioning how Britain would cope over the next few years.

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