Occupancy
Covers occupancy trends within the UK hotel industry, providing insights into performance metrics across various regions and market segments. Reporting includes analysis of factors influencing occupancy rates, such as seasonal demand, economic conditions, and major events. Also features commentary on how occupancy levels impact revenue management strategies and overall business performance in the hospitality sector.
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Oct- 2024 -22 OctoberHotels
Imbiba to open House of Gods hotel at Canary Wharf
Specialist leisure, lifestyle and entertainment investor Imbiba has agreed a new deal with Canary Wharf Group (CWG) to open a 65,000 sq ft multi-purpose hotel at 12 Bank Street. The new building in the heart of Canary Wharf will open in 2025 housing several of Imbiba’s brands including a 78-bedroom…
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17 OctoberLatest News
Today’s news in brief – 17/10/24
Brown’s Hotel in Mayfair, part of the Rocco Forte Hotels, is launching a guest chef series at The Donovan Bar, featuring renowned UK chefs Andrew Wong, Tom Kitchin, and Mitch Tonks. Each will curate a three-month residency, bringing unique culinary styles to the bar’s small plates menu. The series begins…
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17 OctoberHotel Brands
Whitbread H1 revenues hold steady at £1.5bn amid transitional period
Premier Inn owner, Whitbread, has reported that group revenues stayed at £1.5bn during the first half to 29 August, in line with the same period last year. It comes despite profits before tax falling from £391m last year to £340m in H1 FY25, which reflects the “transitory” impact of Whitbread’s…
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15 OctoberLatest News
Today’s news in brief – 15/10/24
Warner Hotels has opened its latest adult-only destination, The Runnymede on Thames, following an extensive refurbishment. Situated along the River Thames, the hotel offers 205 renovated guest rooms and a variety of dining options, including two new restaurants: The Market Kitchen and Brasserie32. The hotel also features a spa, a…
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15 OctoberHotels
Consumers trade up in hotels as cost-of-living crisis eases, RSM finds
Consumers are ‘trading up’ in their choice of hotel as the cost-of-living pressure eases, causing demand for budget hotels to dwindle, according to data from RSM. Occupancy of UK hotels increased year-on-year from 73% to 76% for luxury hotels in August and from 80% to 82% for mid market hotels.…
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2 OctoberOpinion
The sustainable revolution in hotels
Sustainability, as we know, has become a significant trend that is reshaping the hospitality sector. While making the case for the economic and societal benefits the industry brings, the commercial and regulatory challenges across the ESG spectrum for hotels are now significant. So how can hotel owners, operators and investors…
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2 OctoberHotels
Hotel Football reports 600k loss despite rising revenues
Gary Neville and Ryan Giggs’ Hotel Football has posted a loss of £601,030 in the year ended 31 December 2023, despite seeing turnover jump by 22% to £7.8m, up from £6.4m the previous year. According to its latest filing with Companies House, the hotel, located next to Manchester United’s Old…
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Sep- 2024 -26 SeptemberLatest News
Today’s news in brief – 26/9/24
Eden Hotel Collection reported widened operating losses of £2.9m for the year ending 31 March 2024, citing challenges from Covid recovery and the current economic climate. Despite these losses, turnover increased by £472,000, reaching £16.9m. The South West region experienced particularly low demand, with unpredictable booking patterns and a high…
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26 SeptemberHotels
Swifties drive unseasonal boost for hotels
The UK hotel industry enjoyed a good end to the summer with occupancy and average daily room rates up when compared with August last year, according to the RSM Hotels Tracker. The occupancy of UK hotels increased from 78.9% to 81.3% in August year-on-year, albeit still behind pre-pandemic levels of…
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11 SeptemberHotels
London hotels ADR down 1% in July, CoStar finds
London hotels have experienced softer trading this year, with pricing being a challenge across the market as average rates are down around 1% year to July, according to new data from CoStar. It stated that hotels in London struggled to drive prices in 2024, as average daily rates rose in…
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