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 -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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12 October
London hotel occupancy dips in September
Preliminary data from STR shows that London hotels experienced a year-on-year decline in occupancy levels by 1.6% to 86.9% in…
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11 October
UK hotels enjoy August RevPAR boost
New data released by ALMR shows that hotels across the UK enjoyed another welcome boost in revenue per available room…
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10 October
UK sees record number of tourists in 2017
The UK saw a record number of inbound visitors in this year, with figures up 8% compared to 2016. The…
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