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.
-
Apr- 2017 -10 April
London reports 14.2% surge in RevPAR
London has reported a “significant” performance growth in March, according to the latest monthly data from benchmarking firm STR. Preliminary…
Read More » -
Mar- 2017 -8 March
PwC: Weak pound set to boost London tourism over next two years
London is set to see a boost in overseas tourism as a result of the weaker pound following last year’s…
Read More » -
Feb- 2017 -21 February
1,800 hotels ‘at risk of going bust’ due to Brexit, says accountancy firm
More than 1,800 hotels in the UK are at risk of becoming insolvent as a result of Brexit, according to…
Read More » -
15 February
London records highest room rates for a January since 1994
London’s hotel industry built on its momentum from the final months of 2016, as average daily rate and occupancy grew…
Read More » -
Jan- 2017 -30 January
Aberdeen room rates continue to fall despite occupancy growth
Average room rates (ARR) and revenue per available room (RevPAR) continued to fall in Aberdeen, despite increases in occupancy. The…
Read More » -
23 January
UK average room rates fall 12% in 2016
Average room rates in the UK have dropped by nearly 12% in 2016 compared with the previous year, according to…
Read More » -
11 January
London reports highest RevPAR increase since 2012 Olympics
London has reported record occupancy in December and the strongest revenue per available room (RevPAR) increase since the London Olympic…
Read More » -
9 January
Hospitality spend jumps in December
The hospitality sector enjoyed a surge in spending over the festive holiday period, according to new data released by Visa.…
Read More » -
9 January
Pound falls on Theresa May’s Brexit comments
The value of the pound has fallen to its lowest point in two months following Prime Minister Theresa May’s announcement…
Read More » -
Dec- 2016 -19 December
Mixed overall picture for Scotland’s major cities despite occupancy rise
City centre hotels in Edinburgh, Glasgow and Aberdeen all recorded occupancy growth in November, although mixed results were recorded across…
Read More »