Exchange Rate
Our coverage of exchange rates explores their significant impact on the UK hotel industry, particularly concerning inbound and outbound tourism. A weaker pound enhances the UK’s appeal to international visitors, as their foreign currency holds greater value, potentially boosting hotel bookings and occupancy rates. Conversely, a stronger pound may deter foreign tourists due to increased costs, while UK residents might find overseas travel more affordable, influencing domestic travel patterns. We examine how these currency fluctuations affect pricing strategies, revenue management, and overall market dynamics within the hospitality sector.
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May- 2025 -2 MayAdvice
Growth Strategies for Navigating a Softening Market
The hotel industry finds itself at a critical inflection point. After years of relying predominantly on pricing strategies to restore revenues and profitability in the post-pandemic era, the market is now responding to both this approach and broader macroeconomic headwinds. This article examines the practical approaches that can drive performance…
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Jul- 2023 -12 JulyProperty
Specialist investors, HNWIs and family-offices drive hotel investment in H1
There has been a “noticeable shift” in buyer profiles for UK hotel investment in the first half of the year, with specialist hotel-focused investors, HNWIs and family-offices accounting for 70% of transactions, according to new research from Knight Frank. It comes as hotel transaction volumes hit around £860m in the…
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Feb- 2023 -8 FebruaryOpinion
The hotel sector’s recovery is underway
Hotels are a welcome escape for millions of people every year. Whether for business or pleasure, hotels have long provided guests an opportunity to explore new places, put their feet up and be looked after. Yet, the sector has faced a significant period of turbulence in recent years. From the…
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Jan- 2018 -25 JanuaryHotels
STR reports positive hotel industry growth for 2017
The UK hotel industry posted solid growth across the three key performance metrics during 2017 compared with the previous year, according to new figures. Hospitality data research firm STR said UK occupancy rates rose by 0.5% to 77.4%, with average daily rates (ADR) up by 3.6% to £92.32 and revenue…
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Dec- 2017 -14 DecemberHotel Brands
Best Western Queens Hotel in Dundee sold to Thai based hotel group
The Best Western Queens Hotel in Dundee has been sold to Thai-based Compass Hospitality Group for £2.75m, in a deal managed by business property adviser Christie & Co. The hotel group will take over management of the 53-bedroom hotel as part of the joint purchase between Compass Hospitality and Seacare…
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Sep- 2017 -13 SeptemberTourism
Bristol hotels enjoy summer business boom
Bristol hotels have seen a boost in visitors to the city, after a record number of people went there this summer. Hoteliers also benefited from displaced demand due to major events in nearby Cardiff, which did not have enough accommodation of its own. According to data from Destination Bristol, August…
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8 SeptemberTourism
British hotels see strong start to holiday season
Hotels across the UK enjoyed a welcome boost in revenue per available room (RevPAR) and occupancy rates during July, the beginning of the peak holiday season, data by ALMR shows. British hotels in the maintained steady occupancy in July, with figures of 86% which were up by 0.3 points compared…
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Aug- 2017 -14 AugustEconomy
UK hotels post record H1 performance
The first six months of the year produced the UK hotel industry’s highest occupancy, average daily rate (ADR) and revenue per available room (RevPAR) for any first half on record, according to data from STR. When compared to the same period last year, there was a 1.7% increase in occupancy…
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Jul- 2017 -28 JulyEconomy
Seaside towns help boost UK hotel investment
Hotels located at British seasides are attracting increased investment as the weakened pound continues to stimulate growth in ‘staycations’. Figures from Property Frontiers have shown the devaluing currency, the rise in ‘staycations’ and the record number of inbound visits have incentivised investors to put more money into UK properties. UK…
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Sep- 2016 -29 SeptemberEconomy
Cumbria hoteliers shrug off devastating floods with record summer
Provisional figures from Cumbria Tourism has revealed record occupancy figures for the county’s accommodation providers over the last three months. Overall occupancy in Cumbria was the highest for a decade in June at 73.6%, despite severe flooding in December leading to a “collapse” in forward bookings across the region. Self-catering…
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