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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Oct- 2019 -16 October
Hotel sector could face £14.41m rates hike next year
September’s headline rate of inflation is set to cause more business rates increases in 2020, according to calculations from real…
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15 October
London hotels see another month of high performance in September
STR’s preliminary September 2019 data shows “high performance” for London hotels, boosted by a “busy events calendar”. During the month,…
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11 October
UK hotel investment volumes reach £3.22bn in Q3 2019
Investment into UK hotels has reached £3.22bn in the first three quarters of 2019, according to new research from Savills.…
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8 October
European hotel investment volumes grows 4.3% YOY
According to Savills latest hotels report, European hotel investment volumes remain “robust” in 2019, reaching close to €16bn (£14bn) between…
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3 October
Hotel deal activity cools by more than a third during first half of 2019
New figures from PwC analysing deal activity in the hotel sector show that for the first half of 2019 the…
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1 October
Consumer spending on hotels slumps in Q2 2019
Consumer spending on restaurants and hotels has decreased by 0.7% in Q2 2019, according to a new report from the…
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Sep- 2019 -19 September
London hotels see RevPAR boost in August
STR’s preliminary August 2019 data for London has indicated lower occupancy but significant overall performance. The 0.3% decline in occupancy…
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6 September
UK hotel sector boom in 2018 helps drives growth in supply
The UK hotel industry saw the opening of 15,500 new hotel rooms in 2018, representing a 2.4% increase in UK…
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Aug- 2019 -28 August
GOPPAR slips at UK hotels in July due to rising costs
GOPPAR at UK hotels fell by 0.7% in July to £71.68 due to rising costs, led by an increase in…
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12 August
London hotels see ‘significant’ performance levels in August
STR’s preliminary July 2019 data for London has indicated significant performance levels for hotels in the capital. Based on daily…
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