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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Dec- 2016 -12 December
London records highest RevPAR since 1994
Hoteliers in London have recorded their highest revenue per available room (RevPAR) in November since 1994, as demand outstripped supply.…
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9 December
Record occupancy continues into autumn for Cumbria hoteliers
Record occupancy levels continued well into autumn for Cumbria’s accommodation providers, according to provisional figures released by Cumbria Tourism. Cumbria’s…
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6 December
South West hoteliers on course for third consecutive year of profit growth
Profit per room at chain hotels in the South West region of the UK fell by 5% year-on-year in October,…
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5 December
Average UK room rates fall by 20%, says HRS
Average hotel room rates in major UK cities have fallen by up to 20% in the third quarter of 2016,…
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Nov- 2016 -21 November
Autumn Statement ‘must boost’ UK hospitality, recruiter urges
Chancellor Philip Hammond must announce specific measures in the Autumn Statement on 23 November to boost the UK’s hospitality sector,…
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17 November
Bumper month in Edinburgh as Glasgow and Aberdeen stall
Edinburgh hotels posted “exceptional” trading performance in September, but challenging conditions in Glasgow and Aberdeen were reported. The latest monthly…
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16 November
VAT cut ‘could plough billions’ into hospitality sector
Up to £10.3bn could be ploughed into the UK’s hospitality sector if a reduction in VAT is announced in the…
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15 November
London records lowest October occupancy since 2008
London has recorded the lowest absolute occupancy in October since 2008, according to new research from STR. Preliminary figures from…
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9 November
UK hotel transactions to remain subdued until Brexit terms finalised
Transactions in the UK hotel market are likely to be subdued until the terms of Britain’s exit from Europe become…
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Oct- 2016 -17 October
London hoteliers record 21-year September high in average daily rate
London hotels recorded the absolute highest average daily rate (ADR) for a September since 1995, according to preliminary figures from…
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