Latest News Economy
Record breaker Steelite International to create more than 230 jobs
Steelite International has delivered record results for the third year in a row.
Mooted tax regime “stifling” hotel investment in Scotland
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- Category: Economy
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18 Mar 2013
- Written by Callum Gildart
Founder and chief executive of Chardon Management Maurice Taylor has said that uncertainty over Scotland’s future tax regime is stifling hotel investment in the country.
Hotel and licensed sector administrations fall to lowest level for five years
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- Category: Economy
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04 Feb 2013
- Written by Callum Gildart
Official statistics published by the Insolvency Service have revealed that the number of businesses appointing administrators in the sector fell by 35 per cent year-on-year in 2012.
Research indicates hotel sales aren’t all ‘distress’ cases
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- Category: Economy
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29 Jan 2013
- Written by Callum Gildart
According to research by Colliers International Hotels, just 26 per cent of hotel sales in 2012 were distressed transactions.
Hotels among hardest hit by interest rate swaps scandal
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- Category: Economy
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16 Jan 2013
- Written by Callum Gildart
According to the law firm Berg, the hotel sector is among the industries to have been worst affected by the interest rate swaps mis-selling scandal.
Colliers sets new hotel sales records despite economy
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- Category: Economy
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10 Jan 2013
- Written by Mitch Sayers
Cotswolds hotel specialists Colliers International has set a new sales record for the last five years, after selling the Wyastone Hotel - despite fighting against a shrinking market.
Buyers get chance to “awaken sleeping giant” in landmark Worcestershire hotel
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- Category: Economy
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09 Jan 2013
- Written by Mitch Sayers
The landmark Hundred House Hotel in Worcestershire has been placed on the market by owners after the recession has bitten hard into residency rates.
Hospitality sector fears standardising of ‘Living Wage’
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- Category: Economy
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07 Dec 2012
- Written by Mitch Sayers
Momentum is gathering behind Labour’s ‘Living Wage’ proposals, which are being met with trepidation by the hospitality industry.
Starbucks pays up but business rates will still rise
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- Category: Economy
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07 Dec 2012
- Written by Mitch Sayers
Starbucks’ acceptance to pay increased corporation tax has done little to soften the news that business rates will not be frozen next year, as announced by the chancellor.
American Express research points to more prospering businesses in 2013
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- Category: Economy
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05 Dec 2012
- Written by Mitch Sayers
Small businesses are in store for a better 2013, according to research conducted by American Express.
