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.
-
Dec- 2022 -15 December
Bank of England raises interest rates by 0.5% to 3.5%
The Bank of England (BoE) has announced that interest rates will be raised by 0.5%, bringing the base rate of…
Read More » -
Nov- 2022 -22 November
EMEA sector has ‘turned a corner’ as it nears pre-Covid levels, says JLL
The EMEA hotel sector has “turned a corner” and performance is nearing pre-pandemic levels, with the UK, UAE and Qatar…
Read More » -
3 November
BoE raises interest rates to 3%
The Bank of England (BoE) has raised the base rate of interest to 3%, an increase of 0.75%, as it…
Read More » -
3 November
Haysmacintyre reveals continued drop in hospitality confidence
Business confidence and outlook within the hospitality sector has reportedly plummeted among hospitality traders, according to new research targeting pubs,…
Read More » -
Oct- 2022 -31 October
Third of hospitality businesses at risk of going bust amid soaring costs
Over a third of the UK’s hospitality sector is at risk of business failure in early 2023 due to soaring…
Read More » -
20 October
Hospitality loses 2,200 sites in three months amid cost challenges
Britain’s hospitality sector saw a net decline of one closure every hour in the third quarter of 2022, including hotels,…
Read More » -
17 October
Chancellor reverses almost all mini-budget tax cuts
Newly appointed chancellor Jeremy Hunt has reversed almost all of the mini-budget commitments made by previous chancellor Kwasi Kwarteng last…
Read More » -
12 October
UKH welcomes Energy Prices Bill
UKHospitality chief executive Kate Nicholls has welcomed the Government’s new Energy Prices Bill adding that it will provide “relief to…
Read More » -
12 October
Serviced apartment sector recovers to pre-Pandemic levels
The serviced apartment demand has largely recovered to pre-Covid levels, with 91% of operator respondents stating occupancy is currently exceeding…
Read More » -
Sep- 2022 -30 September
Hand Picked Hotels gives all staff £3 per hour pay rise
Hand Picked Hotels, a collection of country house and spa hotels located throughout the UK, has announced a £3 per…
Read More »