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.
-
Jun- 2022 -1 June
Almost half of businesses hit with price increases
Approximately half (48%) of businesses currently trading have reported that the prices of materials, goods, or services bought in April…
Read More » -
May- 2022 -30 May
Platinum Jubilee weekend to bring £1.2bn economic boost
The Queen’s Platinum Jubilee is estimated to bring a £1.2bn boost to the economy as 5.3 million Brits are planning…
Read More » -
25 May
National rail strike will ‘jeopardise’ hospitality recovery, says UKH
UKHospitality has warned that RMT’s proposed national rail strike this summer will “further jeopardise” the recovery of hospitality businesses working…
Read More » -
24 May
UK Travel & Tourism to create 700,000 jobs over next decade, says WTTC
The Travel and Tourism sector in the UK is expected to create an average of 700,000 new jobs over the…
Read More » -
18 May
Inflation hits 40-year high
UK inflation has hit its highest level in 40 years during the month of April, driven by the rising cost…
Read More » -
10 May
Hotel spending rises 16.6% in April, Barclaycard finds
Spending on hotels, resorts and accommodation rose 16.6% in April compared to pre-Covid levels, marking the category’s highest growth since…
Read More » -
5 May
BoE raises interest rates to highest level since 2009
The bank of England (BoE) has raised interest rates to its highest level since 2009 – marking the fourth time…
Read More » -
3 May
UK leads Europe hotel occupancy recovery, says STR
The UK, Poland and Ireland are leading Europe’s hotel occupancy recovery as these three countries have achieved occupancy indexes that…
Read More » -
Apr- 2022 -21 April
Travel and tourism to create 126 million new jobs, says WTTC
The World Travel and Tourism Council (WTTC) revealed that the travel and tourism sector is expected to create nearly 126…
Read More » -
11 April
Hotels see first positive economic growth since August 2021
Accommodation and food service activities grew by 8.6% in February 2022, marking the main services contribution to the UK’s gross…
Read More »