Today’s news in brief – 15/10/24
Warner Hotels has opened its latest adult-only destination, The Runnymede on Thames, following an extensive refurbishment. Situated along the River Thames, the hotel offers 205 renovated guest rooms and a variety of dining options, including two new restaurants: The Market Kitchen and Brasserie32. The hotel also features a spa, a gym, and various outdoor activities like tennis and archery. An on-site auditorium offers theatre shows. Warner Hotels’ COO, Caroline Cromar, emphasised the company’s commitment to providing guests with exceptional experiences, from accommodation to entertainment.
A report from RSM revealed that UK consumers are shifting their hotel preferences as the cost-of-living pressure eases. Occupancy rates for luxury and mid-market hotels have increased year-on-year, while budget hotels have seen a decline. Average room rates for luxury hotels have risen sharply, especially in London, reflecting increased consumer spending. Despite some lingering economic uncertainty, consumer confidence over the summer boosted demand for higher-end hotels, allowing hoteliers to raise rates and maintain strong operating profits.
Milwood Hotels has acquired Walworth Castle Hotel in County Durham, a 12th-century mediaeval castle turned hotel. Previously owned by Chris and Rachel Swain for 25 years, the castle offers 32 bedrooms, banquet rooms, and a licensed dungeon for civil ceremonies. The Swains modernised the property while preserving its historical charm. Milwood Hotels plans to maintain the hotel as a wedding and function venue, ensuring future investments to enhance its services.
Dalata Hotel Group has announced its ambitious “2030 Vision” targeting an increase from 12,000 to 21,000 rooms across its portfolio by 2030. The group aims to expand its presence in major cities across Ireland, the UK, and Europe. Dalata plans to achieve this through a mix of acquisitions and new developments. With consistent revenue growth and a new €25m (£20.8m) share buy-back programme, CEO Dermot Crowley is optimistic about the company’s future, citing strong corporate and leisure demand as key drivers of growth.
