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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Jan- 2022 -24 January
Scottish hotel investment soars 166% in 2021
The Scottish hotel market has seen investment volumes rise 166% to £185m in 2021, compared to the £70m transactions conducted…
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14 January
UK travel sector sees job shortfalls of over 200,000 this year
A significant labour shortfall could “harm” the sector’s recovery, with 205,000 travel and tourism jobs across the UK predicted to…
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12 January
Hospitality investment increases 9% in Q3
Business investment in the hospitality industry rose 8.9% on an annual basis in the third quarter of last year as…
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Dec- 2021 -22 December
Xmas cancellations fall 40% compared with 2020 levels
December cancellation rates for Christmas bookings have fallen 40% from 2020, with the final two weeks of December (including Christmas…
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21 December
Sunak unveils £1bn support package for Omicron-hit businesses
Chancellor Rishi Sunak has announced a further £1bn support package for businesses impacted by the new Omicron variant. As part…
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Nov- 2021 -25 November
‘Significant’ travel spending increase to come in 2022, says WTTC
WTTC’s latest projections show global international spending on travel is set to rise by 9.3% in 2021, and by a…
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Oct- 2021 -28 October
UKH welcomes ‘positive’ Budget speech but urges Gov to ‘go further’
UK Hospitality has said yesterday’s (27 October) announcements by the chancellor in his Budget speech are a positive step but…
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27 October
Chancellor unveils 50% rates cut for Retail, Hospitality and Leisure
Chancellor Rishi Sunak has unveiled a 50% discount on business rates for the hospitality, retail and leisure sectors (up to…
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20 October
Hotel trading performance to improve in 2022, PwC reveals
The UK hotel trading performance is set to improve in 2022 as demand continues to return, revealed research from PwC…
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14 October
UK GDP grows 0.4% in August amid hospitality boost
Gross domestic product (GDP) is estimated to have grown by 0.4% in August 2021, and was boosted by the hospitality…
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