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.
-
Jan- 2025 -13 January
Hospitality accounted for 10% of UK administrations in 2024
The hospitality industry accounted for 10% of administrations in 2024 – the fourth highest sector in the UK – according…
Read More » -
Dec- 2024 -24 December
UKH calls on gov to rethink approach to NIC changes
UKHospitality has called on the government to “rethink its approach” to upcoming changes to National Insurance contributions, warning that proper…
Read More » -
18 December
Hospitality insolvencies fall 24% YOY in October
Insolvencies in the accommodation and food services sector were down 24% to 253 in October 2024, down from 332 in…
Read More » -
18 December
Inflation hits eight-month high of 2.6% in November
Inflation has risen for the second month in a row, rising to 2.6% in November, up from 2.3% the previous…
Read More » -
11 December
UK hotel transactions ‘strongest in Europe’ in Q3
The UK has had the strongest hotel transactional activity of any European country in the year-to-date to Q3 2024, registering…
Read More » -
Oct- 2024 -31 October
Budget reaction: Rising costs ‘latest blow’ to hospitality’s recovery
The hospitality industry has criticised chancellor, Rachel Reeves’ first budget, with UKHospitality claiming it is the “latest blow” to the…
Read More » -
1 October
UK hotel investments to return to 2019 levels, Savills finds
Year-end volumes of the UK’s hotel investment transactions are forecast to reach £5bn, bringing activity back in line with 2019…
Read More » -
Sep- 2024 -18 September
Hotels and restaurants help keep inflation steady at 2.2% in August
The rate of inflation remained steady at 2.2% in August, unchanged since July, yet still above the Bank of England’s…
Read More » -
Aug- 2024 -23 August
Hospitality sector claims leap 100% YoY in July
Claims in the UK’s hotel and catering sector have spiked by 100% in July, compared with the same time last…
Read More » -
20 August
Hospitality insolvencies rise 13% in June
The number of hospitality businesses entering insolvencies has risen by 13% between May and June this year, as operators struggle…
Read More »
