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.
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Nov- 2023 -22 November
Chancellor extends business rates relief for hospitality
Chancellor Jeremy Hunt has announced a series of measures to help boost the UK economy as part of his Autumn…
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22 November
UKH criticises 10% rise in NLW amid business rates row
UKH has criticised the government’s latest announcement that the National Living Wage will rise 10% and 28p more than originally…
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3 November
Investors eye corporate and urban markets in 2024, study finds
Hospitality investors are anticipating growing confidence in the corporate sector for the first time in six months, according to Questex’s…
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2 November
September heatwave boosts UK hotel occupancy
The UK hotel industry benefited from a boost in demand in September as people headed off on staycations across the…
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Oct- 2023 -9 October
Events and international demand fuel strong UK hotel performance
Hotels in the UK saw RevPAR grow by around 10% this summer as a result of events and international demand,…
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9 October
London hotel rates could rise 9.1% in 2024, despite softened demand
Hotel rates in London are likely to increase 9.1% in 2024, despite an expected softening of leisure travel demand, according…
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Sep- 2023 -15 September
UKH Scotland calls for upper limit on Visitor Levy
UKH Hospitality Scotland has called for a limit on the number of nights a visitor levy can be charged in…
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Aug- 2023 -30 August
Growth of room rates in UK hotels slows in July
The rate of growth in room rates slowed across the UK last month due to a fall in consumer confidence…
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Jul- 2023 -27 July
Hotel room rates soar to an all-time high amid June’s hot weather
Room rates of UK hotels reached an all-time high in June as consumers made the most of soaring temperatures, according…
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14 July
Hotel transactional volumes more than halved in H1 23
The transactional volumes of hotels being sold in the UK more than halved in the first half of 2023, according…
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