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.
-
Aug- 2016 -15 August
Birmingham hotels record 13-year high in spring occupancy rates
Hotels in Birmingham posted average occupancy rates of 75% between March and May 2016 – the city’s best results in…
Read More » -
12 August
London hoteliers record buoyant figures in July
Hotel owners in London have recorded positive results in July as increased rates helped to drive growth during the month,…
Read More » -
10 August
Yorkshire coast property market experiencing ‘flurry of activity’
The Yorkshire coastline has seen a boom in the number of hospitality businesses on the market, according to Christie &…
Read More » -
10 August
London occupancy continues to decline amid terrorism fears
Hotel occupancy in London showed its sixth consecutive quarter of year-on-year decline, with Brexit poised to subdue the sector further.…
Read More » -
Jul- 2016 -27 July
British tourism industry to be ‘one of first’ to benefit from Brexit
The UK’s travel and tourism industry is expected to be one of the first sectors of the economy to benefit…
Read More » -
26 July
Natwest and RBS to consider charging businesses to hold money
Natwest and the Royal Bank of Scotland (RBS) are mulling applying negative interest rates to business accounts and have warned…
Read More » -
19 July
Hospitality workers paid higher than mandatory living wage
The average pay of a hospitality worker over 25 in June 2016 was £7.47 – 27p higher than the mandatory…
Read More » -
12 July
London’s occupancy level in June ‘worst since 2012’
London hotels recorded a weak performance in June as all of the key metrics saw declines, according to the latest…
Read More » -
11 July
BHA calls for appointment of ‘seaside tsar’ to save coastal towns
A seaside tsar should be appointed to help Britain’s forgotten seaside towns fight back from “decades of decay”, according to…
Read More » -
7 July
Consistent profit continues for South West chain hotels in May
A 2.6% year-on-year increase in profit per room this month contributed to a 3.4% year-to-date uplift and the ongoing positive…
Read More »