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.
-
Mar- 2023 -9 March
Accommodation named North West’s fastest-growing sector in 2022
Accommodation and food is the fastest-growing industry in the North West, the new 2023 ‘Fastest-growing regional sectors’ list by Fintech…
Read More » -
8 March
Turbulent UK hotel investment ‘more settled’ in 2023
Following a turbulent 2022, this year has seen a “more settled” investment market for UK hotels, according to new research…
Read More » -
8 March
Hospitality bosses urge chancellor to invest in sector ahead of Spring Budget
An open letter urging the chancellor to take “immediate action” at the spring Budget has been signed by the bosses…
Read More » -
7 March
UKHospitality calls on Ofgem for urgent support
Trade body UKHospitality has recently called on gas and electricity regulator Ofgem to intervene in the non-domestic energy market as…
Read More » -
Feb- 2023 -28 February
PM agrees new Brexit deal with EU for NI
Prime minister Rishi Sunak has agreed a deal with the head of the European Commission, Ursula von der Leyen, for…
Read More » -
23 February
Third of hospitality firms at risk of going under, says UKH
UKHospitality has revealed that 32% of hospitality firms are at risk of failure within the next year, despite hospitality sales…
Read More » -
23 February
Hotel occupancy reaches 89% recovery rate since Covid
European hotels welcomed almost 70% of the world’s travellers, with hotel occupancy reaching an 89% recovery rate relative to 2019…
Read More » -
15 February
Inflation falls to 10.1% in January
Inflation slowed for the third consecutive month in January to 10.1%, down from 10.5% in December, but remains close to…
Read More » -
2 February
BoE raises interest rates to 4%
The Bank of England (BoE) has announced that interest rates will be raised by 0.5%, bringing the base rate of…
Read More » -
Jan- 2023 -23 January
Consumer confidence improves for first time in 15 months
UK consumer confidence in the final quarter of 2022 improved by half (+0.6) a percentage point, according to the latest…
Read More »