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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Sep- 2021 -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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13 August
Hospitality contributed to 40% of Q1 to Q2 economic growth, says UKH
The hospitality industry reportedly contributed to 40% of the UK’s total economic growth between Q1 and Q2 2021. The figure…
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12 August
UK economy surges 4.8% in June
The UK economy grew by 4.8% in June as Covid-19 restrictions surrounding retail and leisure were eased across the UK,…
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Jul- 2021 -29 July
Hospitality investment slumps 52% in Q1
Investment in the hospitality industry reportedly dropped 52% year-on-year to £649m in the first three months of 2021. According to…
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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…
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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…
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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…
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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…
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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…
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