Inflation
Covers the impact of inflation on the UK hotel industry, focusing on rising operational costs, wage pressures, and shifting consumer spending. Reporting includes analysis of cost drivers such as energy, food, and labour, as well as the effects of fiscal policy changes on hotel profitability and pricing strategies. Also features insights into how inflation influences investment decisions, staffing, and overall market performance within the hospitality sector.
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Nov- 2023 -8 NovemberHotels
London tops list of cities for hotel investment in 2024, survey finds
London has been named the most attractive European city for hotel investment in the coming year, according to the 2023 European Hotel Industry Survey by Deloitte. The report, which surveys senior hospitality leaders, owners, lenders, developers and investors, found that London has risen two places since last year, with Lisbon…
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7 NovemberHotel Brands
AGO Hotels calls for govt to protect businesses in Autumn Budget
AGO Hotels has called for the government to “protect businesses from economic fragility and demonstrate commitment to the hospitality industry, a huge contributor to the UK economy”, ahead of the Autumn Budget. Lionel Benjamin, co-founder of AGO Hotels – a hotel operator with a portfolio of 14 hotels across the…
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3 NovemberEconomy
Investors eye corporate and urban markets in 2024, study finds
Hospitality investors are anticipating growing confidence in the corporate sector for the first time in six months, according to Questex’s latest Hospitality Investor Sentiment Index. The index found that industry investment leaders expect hospitality’s corporate business to bounce back in 2024, with confidence growing 4.6 points to an index score…
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2 NovemberProperty
UK hotel construction slows as delayed projects complete
The UK currently has around 22,500 hotel rooms under construction and expected to enter the market by the end of 2026, with most due to open next year, according to data from CoStar. Higher construction costs and an elevated interest rate environment have been affecting new development funding and resulting…
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Oct- 2023 -18 OctoberHotel Brands
Cedar Court Hotels leadership launch new management company
The leadership team behind Cedar Court Hotels has launched a new hotel management company, NorSpark, with the aim to help independent hotel owners create more profitable hotel businesses. With challenges such as inflation and rising energy costs, recruiting and retaining staff, sustainability and net zero targets, understanding digital marketing and…
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17 OctoberHotels
Park Regis outperforms region following strong summer performance
Birmingham-based asset management company Switch Hospitality Management Ltd, has said it has continued to experience strong post-pandemic results, as its flagship hotel and events space, Park Regis Birmingham, exceeded pre-pandemic performance. Whilst the West Midlands’ hotel sector is recording on average 78% of 2019’s sales, bookings for conferences and meetings…
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17 OctoberHotels
Luxury hotel sector reports record room rates over summer
The luxury hotel market has been the driving force behind the hotel industry’s recovery this summer, with record room rates and a boost to RevPAR across the UK, according to RSM. The RSM Hotels Tracker: Focus on Asset Classes found that whilst occupancy levels still sit behind pre-pandemic levels, many…
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17 OctoberLatest News
Leonardo Hotel Newcastle brought to market for £31.8m
The Leonardo Hotel at St James Gate in Newcastle has been brought to market on behalf of a UK investment fund, with offers of over £31.8m being sought. The 274-bedroom, upper-midscale hotel is let to Leonardo Hotel Management (UK) Limited for the next 14.4 years and has a passing rent…
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9 OctoberEconomy
Events and international demand fuel strong UK hotel performance
Hotels in the UK saw RevPAR grow by around 10% this summer as a result of events and international demand, according to data from CoStar. Edinburgh experienced the highest RevPAR uplift, achieving the strongest occupancy at around 89% while rates continued to see robust growth. The city’s appeal to overseas…
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5 OctoberLatest News
Today’s news in brief – 05/10/23
Generator, the hybrid accommodation brand with properties in major cities like Dublin, London, Copenhagen, and New York, has reported a remarkable 24% increase in revenues for the first half of the year compared to 2022. Their robust cost management has also led to a more than 40% increase in EBITDA.…
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