A REPORT published by the Welsh Assembly has found that to meet the demand for hotel accommodation, the southeast of the country will need an extra 400,000 room nights annually by 2010, a 16% increase.
With Cardiff expected to continue as the largest market, demand across the region is predicted to rise to 2.85 million room nights annually over the next four years.
Welsh Assembly minister for enterprise, innovation and networking, Andrew Davies, said: “This is an ideal opportunity for potential developers to take advantage of a growing market. Wales needs new beds of all types, for all sorts of different visitors.”
Ian Edwards, managing director of Holland House Hotels said Wales is increasingly attractive to hotel operators. The hotel group will open one of its new Lodge by Macdonald properties in Llantrisant in 2007.