Changing demographics, social and economic drivers are fuelling investor decisions across broader Urban Living asset classes. The 'age of convergence' blended across hospitality and real estate is happening at pace as we emerge, re-set and focus on the future different.
ULF places the spotlight directly on investment, development, supply, operations, brands, distribution, technology and demand generators. Curated with an intense focus on collaboration and debate, the festival brings CEO’s, ‘best of breed’ speakers and attendees, sponsors and solution providers to collectively share best practice, network, map the industry’s future and do business within:
- Hotels and serviced apartments
- Aparthotels / extended stay hotels
- Hostels and co-living
- Build-to-rent (BTR) and student accommodation
- Short-term rentals
- Assisted living
- Healthy Buildings, sustainability and wellness
Incorporating IHM events: Boutique and Lifestyle Hotel Summit; Serviced Apartment Summit Europe; and the ENGAGE corporate travel buyer forum.
• 55% of the world’s population lives in urban areas, this is expected to reach 68% by 2050.
• In 1950, 79% of the UK population lived in cities; this will rise to 92.2% by 2030.
• 40% of the urban areas required by 2030 are not yet built.
• 1.7m students are studying full time in the UK with applications rising 7% year-on-year. • International student numbers have grown by 70% in the last ten years.
Build-to-rent & PRS
• The number of build-to-rent homes in the UK has increased by 30% in 12 months. (The British Property Federation / Savills, April 2018)
• The UK rental market will grow by 2 million+ by 2030, driven primarily by 'Generation Rent'
Co-living & co-working
Landlords and developers now creating spaces for particular demographic groups.
• Demand drivers are housing shortage, rising housing costs ageing population & more mobile working population.
• Global apartment totals have reached 1,096,547 with the number of destinations/locations up 22%.
• UK Airbnb listings rose by 200% between 2015 and 2017 (Residential Landlords Association)
• Global vacation rental market will close in on £170 billion by 2019. (Research and Markets)
• Global ambient assisted living market to reach USD 13.74 billion by 2027 • Demand drivers include costly complex/health care needs.
• 4.6 million new apartments are needed by 2030 to meet US demand for rental living • In 2017, apartment completions topped 345,000, up 21% on 2016.
• 93% believe "Traditional real estate organisations need to engage with PropTech companies in order to adapt to the changing global environment" (KPMG Global PropTech Survey 2018)
Hosted over two days, London will have the opportunity to showcase its status as a “living and breathing” world-class metropolitan hub for real estate investors, developers, owners and operators.