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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Aug- 2018 -29 August
TRevPAR hits ‘historic’ high at UK hotels
A 5.6% year-on-year increase saw hotels in the UK hit a “historic” total revenue per available room (TRevPAR) high in…
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17 August
Business rates for English hospitality firms could rise to £50m, analysts say
Business rates for English hospitality companies could increase to £51.26m next April if inflation remains unchanged at 2.5%, according to…
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17 August
Northern hotel investment rises 59% to £482m in H1
Hotel investment volumes in the North of England reached £482m in the first half of 2018 (H118), 59% higher than…
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14 August
European hotel investment reaches €21bn in Q2 2018
Hotel real estate investment in Europe reached €21bn (£18bn) in the 12 months to Q2 2018, representing a 5.8% increase…
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7 August
Over £442m invested into south west hotels in H1 2018
Over £442m was invested into hotels in the south west region according to the latest figures from Savills. The region…
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3 August
Hospitality salaries hit a seven-month high, but majority feel underpaid
Average salaries for hospitality roles hit a six-month high in July, as pay increased by 6.1% month-on-month, above the national…
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2 August
South East hotel investment levels up 190% on H1 2017
Investment into hotels in the south east and home counties reached £724m in the first half of the year, up…
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Jul- 2018 -9 July
200,000 companies sued over business rates
Over 200,000 businesses were taken to a Magistrates court for failing to pay for businesses rates under the first year…
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2 July
Millennials account for 30% of hotel and restaurant revenue
Hoteliers and restaurateurs estimate that a third of their annual revenue now comes from the millennial generation, according to new…
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Jun- 2018 -18 June
London drives UK tourism but regional interest ‘closing gap’, says report
London remains the key driving force behind growth in the UK’s tourism industry but increase in visitor numbers and spending…
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