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- 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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Sep- 2021 -30 September
Hospitality and leisure to add extra £3.5bn to UK economy
The hospitality and leisure industry is predicted to contribute £3.5bn more to the nation’s GDP this year than in 2019,…
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10 September
UK economic growth slows, ONS reveals
UK economic growth slowed down in July, growing by 0.1% compared with 1% in June 2021, according to the latest…
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7 September
UK hotel occupancy climbs to 65%, study finds
UK hotel occupancy rates have climbed for the third consecutive month to 65% in July, showing an improving picture as…
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6 September
Labour shortages could continue for two-years, CBI warns
Labour supply problems could last for up to two years and will not be solved by the end of the…
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Aug- 2021 -24 August
Scottish government announce tourism support
The Scottish government has announced a multi-million pound package investment to support tourism and hospitality businesses recover from the pandemic.…
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