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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Apr- 2022 -28 AprilHotel Brands
Whitbread brings back dividend as it returns to profitability
Whitbread PLC has reported it has returned to profitability in the 53-week period ended 3 March 2022 (FY22) as it hailed pre-tax profits of £58.2m, compared to a loss of £1bn in FY21. As a result, Whitbread is reinstating dividend payments with the board declaring a final dividend per share…
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21 AprilFeatures
The hotel development delay claims spike
2021 saw a sharp rise in construction delay claims within the hotel development and leisure sector, largely as a consequence of the construction materials supply shortage and price rises which has severely hampered the construction industry as whole. As project completion dates drifted, the hotel development industry suffered particularly severely…
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11 AprilAdvice
How to navigate inflation and safeguard revenues with a robust pricing strategy
Hoteliers, like the rest of the population, are greeting the new tax year against a testing backdrop of rising inflation across the board. Higher energy prices plus rising labour costs and the return of 20% VAT on 1 April, to name just a few, all add up to the need…
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4 AprilAdvice
Five ways technology can help hoteliers navigate the labour crisis
A perfect storm of challenges confronts the UK’s hotel and wider hospitality sector, like never before. The toxic combination of the pandemic and the fallout from Brexit has brought about the most significant labour market disruption the industry has ever experienced, with swathes of people seemingly vanishing from the sector. …
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1 AprilEconomy
Double-digit price rises set for hospitality customers, UKH warns
The increase in VAT for hospitality from 12.5% to 20% which is effective today, combined with a forecasted cost inflation running at 18%, means that double-digit price increases will come into effect for consumers as operators “struggle to survive”, UKHospitality (UKH) says. The industry body said that the industry is…
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Mar- 2022 -30 MarchFeatures
Sunak’s Spring Statement: What it means
“Businesses are going to be incredibly challenged to sustain themselves, having just begun some recovery after Covid,” reveals Lionel Benjamin, co-founder of AGO Hotels. The hospitality industry was already “decimated” by the Covid-19 pandemic and now, following Sunak’s announcement, the sector is being further burdened with VAT rates going back…
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24 MarchEconomy
Return to 20% VAT a ‘massive missed opportunity’, UKH says
A return to 20% VAT for the hospitality and tourism industry will be met with disappointment by thousands of hospitality businesses, UKHospitality has said. In addition, UKH has said that ending the 12.5% rate for hospitality would “jeopardise jobs and restrict the sector’s efforts to stifle price rises for consumers,…
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23 MarchLatest News
Inflation hits 30-year high at 6.2% in February
The Consumer Prices Index (CPI) rose by 6.2% in the 12 months to February 2022, up from 5.5% in January, according to the Office for National Statistics (ONS). It revealed this is the highest CPI 12-month inflation rate in the national statistic series which began in January 1997, and the…
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17 MarchLatest News
BoE raises interest rates to 0.75%
The Bank of England has raised interest rates back to the pre-pandemic level of 0.75% as it tries to mitigate the effect of the rising costs of living and the impact that the conflict in Ukraine is having on the global economy. The Monetary Policy Committee (MPC) voted with a…
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16 MarchFeatures
Using brand and tech to capitalise on post-pandemic staycation boom
“There’s a lot of lost opportunity in the market; if hoteliers applied some fairly standard best practice features to their digital presence, they would be able to increase booking by at least 1-10%,” reveals Laurence Parkes, CEO at design and technology agency Rufus Leonard. According to research by Staycation provider,…
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