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.
-
Jul- 2021 -26 July
UK leads Europe in hotel occupancy levels
The UK is continuing to “lead” Europe in hotel occupancy with four straight weeks above 60% in the metric, according…
Read More » -
1 July
Hospitality sector R&D investment outperformed UK industry in Q1
Research and development (R&D) investment in the hospitality industry remained steady in the first quarter of 2021, outperforming the wider…
Read More » -
Jun- 2021 -22 June
Recreation and tourism sector fuelling UK recovery, says Lloyds Bank
The UK’s tourism and recreation sector accelerated the country’s economic recovery in May coming out of lockdown, according to the…
Read More » -
May- 2021 -11 May
Rise in service sector confidence due to vaccine rollout, says BDO
The UK’s service sector is reportedly receiving a surge in renewed confidence due to the vaccine rollout and easing of…
Read More » -
Mar- 2021 -12 March
UK GDP shrinks 2.9% amid January lockdown
Monthly GDP fell by 2.9% in January as a national lockdown proved to impact economic activity, new data from the…
Read More » -
3 March
Sunak to extend furlough scheme until September
Chancellor Rishi Sunak is expected to extend the furlough scheme until September as part of his March Budget which will be announced…
Read More » -
1 March
‘Decisive financial support’ needed to save hospitality, says APPG
The All-Party Parliamentary Group for Hospitality and Tourism (APPG) is urging chancellor Rishi Sunak to provide “decisive financial support to…
Read More » -
Feb- 2021 -17 February
Scotland extends rates holiday for another year
The Scottish government has confirmed that it is extending 100% of its business rates relief for the hospitality, retail, leisure…
Read More » -
12 February
Bristol hoteliers outline Budget wishlist to MPs
Hoteliers in Bristol are calling on the government for additional support for the industry ahead of the chancellor’s upcoming second…
Read More » -
9 February
UK hotel market sees 2021 events boost forward bookings
Hotels in the UK are receiving a financial boost from upcoming bookings in 2021, according to data from Forward STAR.…
Read More »