Why it’s ‘business as usual’ for hoteliers throughout Brexit negotiations
The countdown to Brexit is well and truly on, and ‘deal or no deal’ is the hot topic on everyone’s lips – but what exactly should the hotel industry be doing in this period of ‘limbo’? Helder Pereira, CEO of the UK’s leading independent hotel management company, RBH, says it’s a case of keeping calm – and astute – while carrying on.
PwC’s latest hotels forecast for 2019 has highlighted that, while the uncertainty of Brexit has helped inbound tourism, business investment growth has ‘dampened’ as a result of protracted negotiations. It predicts that hotels will grapple with rising wage and operational costs and slowing growth into 2019.