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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Jan- 2025 -2 JanuaryLatest News
Today’s news in brief – 2/01/25
The 25 Boutique B&B in Torquay, Devon, is on the market for over £699,000 . This award-winning property features six luxurious suites, a two-bedroom owner’s apartment, and amenities such as a sun terrace and landscaped gardens. Renowned for its high-quality service and prime location near Torquay’s center, the B&B enjoys…
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Dec- 2024 -20 DecemberLatest News
Today’s news in brief – 20/12/24
The King’s Head Hotel in Cirencester has entered administration as of 29 November 2024. FRP Advisory has been appointed as administrators and is exploring options for the hotel, which remains open for trading. The 77-room property, featuring long-stay apartments, a spa, and a brasserie, has informed customers of its status…
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20 DecemberTrade Organisations
UKH disappointed in BoE decision to hold interest rates
UKHospitality has expressed disappointment in the Bank of England’s decision to hold interest rates at 4.75%, which came after a recent hike in both inflation and wage growth. At its meeting this week, the bank’s monetary policy committee voted by a majority of 6–3 to maintain the current rate. Three…
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19 DecemberLatest News
BoE holds interest rates at 4.75%
The Bank of England (BoE) has voted to hold interest rates at 4.75%, following a recent hike in both inflation and wage growth. At its meeting this week, the bank’s monetary policy committee voted by a majority of 6–3 to maintain the current rate. Three members voted to reduce interest…
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18 DecemberEconomy
Inflation hits eight-month high of 2.6% in November
Inflation has risen for the second month in a row, rising to 2.6% in November, up from 2.3% the previous month, marking the highest level of inflation in eight months. According to the Office for National Statistics, the main drivers behind the rise were fuel and clothing, where prices rose this…
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13 DecemberFeatures
AGO Hotels: Founding a competitive lease provider during Covid
In the throes of a global pandemic, launching a new hospitality venture might seem perilous, but for Lionel Benjamin, the co-founder of AGO Hotels, the decision was not just about seizing opportunity—it was about reimagining a business model for the modern age. Reflecting on his journey, Benjamin’s voice carries the…
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4 DecemberFeatures
Scotland’s hotels outshine the rest of the UK—here’s why
Hotels in Scotland have been the “clear winners’ in a challenging hospitality landscape in 2024, outperforming the national average for revenue per available room (RevPAR) growth and average daily rate (ADR) growth according to the latest data from CoStar. The 12-month data through to October highlights that hotels across the…
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Nov- 2024 -27 NovemberFeatures
Key takeaways from HOSPACE 2024
The HOSPACE 2024 conference, hosted by the Hospitality Professionals Association (HOSPA) on 14 November at the Royal Lancaster London, marked a milestone in an unexpectedly positive year for UK hospitality. With record attendance exceeding 600 leaders and innovators, the event delivered critical insights and discussions on the industry’s evolving landscape. …
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25 NovemberTourism
Hotels across Scotland are outperforming the UK average
Hotels in Scotland have been the “clear winners’ in a challenging hospitality landscape in 2024, outperforming the national average for revenue per available room (RevPAR) growth and average daily rate (ADR) growth according to the latest data from CoStar. The 12-month data through to October highlights that hotels across the…
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11 NovemberLatest News
UKH warns budget will cause job losses, closures and reduced investment
UKHospitality alongside notable hospitality bosses have warned the chancellor that plans outlined in the autumn budget will cause small business closures, job losses and reduced investment in the sector. Kate Nicholls, chief executive of UKHospitality, and UKHospitality board members, which includes the bosses of Fuller’s, Stonegate Group and Whitbread, have…
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