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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Apr- 2024 -15 April
Hotel insolvencies up 19% in 2023 amid higher costs
Hotel insolvencies have increased by 19% in the last year, from 127 hotel companies in 2022/23 to 151 in 2023/24,…
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10 April
European hotel investment volumes to surge in 2024, Savills finds
Investment volumes for European hotels this year are expected to “significantly” surpass 2023’s numbers as more than €1bn (£860m) of…
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Mar- 2024 -28 March
Half-term staycations help boost hotel sector in Feb
Demand for UK hotels started to pick up in February, boosted by half-term holiday staycations, according to the RSM Hotels…
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11 March
European hotel values in 2023 remain steady, HVS finds
Hotel values across Europe have remained steady in 2023, buoyed by the consolidation of post-pandemic recovery and travel, keeping average…
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Feb- 2024 -29 February
UK hotel sector sees seasonal decline in demand and room rates
The UK hotel sector saw a seasonal decline in demand and room rates during January, according to data from RSM.…
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21 February
European upper upscale construction pipeline reaches record highs
Lodging Economics has revealed that Europe’s total pipeline stands at 1,706 projects/254,937 rooms at the end of Q4 ‘23, with…
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9 February
A fifth of Britons to step up holiday spending in 2024
A fifth (17.3%) of UK consumers plan to spend more on holidays this year, according to the latest NatWest Retail…
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Jan- 2024 -9 January
UK hotel performance in November exceeds expectations
Hotels in the UK saw occupancy rates of 76.8% and average daily rates (ADR) £146.76 in November 2023, outperforming the…
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8 January
Investment in UK hotels hits lowest level since 2012
Around £2bn of UK hotel transactions were recorded in 2023, according to new data from Knight Frank, though investment levels…
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8 January
UK families to shun UK staycation in 2024
Less than a third of families in the UK are planning a UK city break in 2024, according to a…
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