Economy
The latest economic news and how it affects the hotel and hospitality industry. Keep up to date with all the latest stories with Hotel Owner’s industry-leading coverage.
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Mar- 2024 -11 March
European hotel values in 2023 remain steady, HVS finds
Hotel values across Europe have remained steady in 2023, buoyed by the consolidation of post-pandemic recovery and travel, keeping average…
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Feb- 2024 -29 February
UK hotel sector sees seasonal decline in demand and room rates
The UK hotel sector saw a seasonal decline in demand and room rates during January, according to data from RSM.…
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21 February
European upper upscale construction pipeline reaches record highs
Lodging Economics has revealed that Europe’s total pipeline stands at 1,706 projects/254,937 rooms at the end of Q4 ‘23, with…
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9 February
A fifth of Britons to step up holiday spending in 2024
A fifth (17.3%) of UK consumers plan to spend more on holidays this year, according to the latest NatWest Retail…
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Jan- 2024 -9 January
UK hotel performance in November exceeds expectations
Hotels in the UK saw occupancy rates of 76.8% and average daily rates (ADR) £146.76 in November 2023, outperforming the…
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8 January
Investment in UK hotels hits lowest level since 2012
Around £2bn of UK hotel transactions were recorded in 2023, according to new data from Knight Frank, though investment levels…
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8 January
UK families to shun UK staycation in 2024
Less than a third of families in the UK are planning a UK city break in 2024, according to a…
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Dec- 2023 -18 December
10,000 hospitality groups may benefit from Scottish rates relief, reports find
Around 10,000 hospitality businesses would stand to benefit if the Scottish government heeded the calls from UKH Scotland and introduced…
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8 December
Record supply levels to meet waning demand, warns PwC
Growth in demand for UK hotel accommodation is expected to stall in 2024, with the pain likely to be shared…
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Nov- 2023 -22 November
Chancellor extends business rates relief for hospitality
Chancellor Jeremy Hunt has announced a series of measures to help boost the UK economy as part of his Autumn…
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