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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Jul- 2023 -27 July
Hotel room rates soar to an all-time high amid June’s hot weather
Room rates of UK hotels reached an all-time high in June as consumers made the most of soaring temperatures, according…
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14 July
Hotel transactional volumes more than halved in H1 23
The transactional volumes of hotels being sold in the UK more than halved in the first half of 2023, according…
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7 July
Irish hotel deal flow remains below average in Q2, says CBRE
CBRE revealed that the sector picked up in Q2 following a slow Q1, despite deal flow remaining below the long-term…
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Jun- 2023 -27 June
Local community alliances urge Whitbread to pay real living wage
Community leaders from Citizens UK and representatives from Unite and ShareAction have joined forces to ask Premier Inn operator Whitbread…
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9 June
Indie hotels well-positioned for summer season, says RoomRaccoon
Despite ongoing global macroeconomic uncertainty, independent hotels in the UK have posted strong levels of recovery thus far in 2023,…
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May- 2023 -30 May
Hospitality trade bodies urge gov to act against ‘worrying’ energy costs
A number of hospitality trade bodies have renewed calls for the government to act on rising energy costs. The BII,…
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11 May
BoE raises interest rate for 12th time to 4.5%
The Bank of England (BoE) has raised interest rates for the 12th consecutive time to 4.5%, up from 4.25%. The…
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Apr- 2023 -27 April
Liverpool hotel rates up 200% ahead of Eurovision
Hotel rates in Liverpool are up 200% year-on-year for May for four and five star hotels as a result of…
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4 April
Gov has ‘no plans’ to reduce hospitality VAT to 10%
The government has said it has “no plans” to cut hospitality VAT to 10% in response to a petition launched…
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Mar- 2023 -29 March
UK room rates surge 13% to outpace inflation
Average daily rates for occupied rooms in the UK rose to £128.94 outside of London and £196.26 inside of London,…
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