Friday, June 24, 2022
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HomeNewsBusiness NewsScotland's Planning approvals for Hospitality lead UK as sector rebounds

Scotland’s Planning approvals for Hospitality lead UK as sector rebounds

The March Super Sectors report from leading construction industry intelligence provider, Barbour ABI, highlights some positive trends in the Scottish construction industry and shows that the pipeline for Scotland’s Education and Hospitality Construction sectors is the healthiest in the UK.

Scotland topped the Barbour ABI Super Sectors report for the value of planning applications approved in the hotel, leisure & sport construction sector for the 2nd month running. Projects valued at £222m were given the green light in March, more than double the £92m worth of applications approved in March. This is a clear indication that the hospitality sector in Scotland is beginning to rebound after the pandemic and there is a strong pipeline of projects in the sector.

Tom Hall, Chief Economist at Barbour ABI said: “The data for March indicates the construction industry in Scotland will continue to be strong for the short-to-medium term. The UK topping value of planning approvals in the Hotels, Leisure & Sport construction sector suggests that Scotland’s recovery from the pandemic is now beginning to take off following the final easing of restrictions, which was later than in the rest of the UK”.

The Super Sectors report is a monthly examination of Planning Application Approvals and Contract Awards by sector and region, and examines planning approvals as well as contract awards. It shines a light on the current and likely short-term future of the industry in each region.

 

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