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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Feb- 2020 -14 February
Hospitality wages increase in January
The average wage in the hospitality industry rose by 2.5% in January to £8.84, according to the new statistics from…
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13 February
Occupancy declines at London hotels in January
London hotels saw occupancy decline by 0.9% in January compared with the same period last year, according to the latest…
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12 February
UK hotel investment reaches £6bn in 2019
The UK’s hotel sector benefited from nearly £6bn of hotel investment in 2019, the result of “continued strong demand” from…
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Jan- 2020 -30 January
Regional hotel market ‘deteriorates’ while London market softens
Performance amongst regional hotels “deteriorated” towards the end of last year, according to the latest UK Hotel Market Tracker published…
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21 January
Investor ‘appetite’ for UK hotels remains strong, report reveals
Despite a “notable” decline in both transactional volume and deal count, domestic and overseas investor appetite for the UK hotel…
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6 January
Hotel insolvencies hit five-year high
Hotel insolvencies have reached a five-year high in 2019, according to new research from accountancy firm UHY Hacker Young. Insolvencies…
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Nov- 2019 -12 November
Affluent overseas tourists driving number of new luxury London hotels
Affluent overseas tourists are driving the number of new luxury hotels in London, with 210 new properties currently in the…
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Oct- 2019 -31 October
Treasury Committee urges MPs to reform ‘broken’ business rates
The government has been urged to fix the “broken” business rates system as it is continuing to affect high street…
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25 October
RevPAR falls at regional hotels amid challenging Q3
Trading in Q3 for UK hotels has shown considerable contrast between those in London compared with the provinces, according to…
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21 October
Aparthotel growth outpacing UK hotel market, research suggests
Serviced apartments and aparthotels are the fastest growing segment of the UK’s hospitality accommodation market, according to new research by…
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