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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Nov- 2017 -22 November
Europe the ‘most visited region in the world’ in 2017
Europe is still the most appealing destination and most visited region in the world in 2017, according to a report…
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17 November
August the highest month ever for overseas visitor spend in the UK
Figures released today (17 November) show that August was the highest month ever for overseas visitor spending in the UK.…
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10 November
London hotels report lowest October occupancy levels since 2006
STR’s preliminary October 2017 data for hotels in London, England, indicates a year-over-year decline in occupancy levels, but growth in…
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8 November
RevPAR slowdown could lead to lack of ‘investor interest’
Some investors could become wary of hotel assets due to RevPAR (rooms revenue per available room) plateaus amid predictions of…
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7 November
UK hotel bookings increased by 29% in 2017
Tourico Holidays, wholesale travel brokerage company, today shared data reporting a 29% increase in hotel bookings to the United Kingdom…
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Oct- 2017 -27 October
Luxury hotel and wedding venue goes into administration
The Prestbury-based Bridge Hotel has called in the administrators, 60 years after it first opened. The three-star property entered administration…
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26 October
Hotel sector ‘largest employer in the tourism industry’
Hotels are the largest employers in the tourism job sector by far with 77% of all job vacancies in the…
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25 October
Hotel industry confidence ‘low’ despite increased bookings
Confidence in future bookings and revenue is the lowest it has been since September 2016, according to a UKinbound-backed survey.…
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13 October
H1 visitor spend exceeds £10bn for the first time
There was strong growth in overseas visits and spend to the UK’s nations and regions in the first six months…
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12 October
Hotel investment set to increase by 25% by year-end
International real estate advisor Savills has forecast that annual UK hotel investment volumes will reach £5.1bn by the end of…
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