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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Jan- 2024 -4 JanuaryHotel Brands
Whitbread sells stake in Pure
Premier Inn owner Whitbread has sold its 49% stake in healthy eating chain Pure, eight years after acquiring it for £6.8m. The company acquired the stake in the company which trades as Healthy Retail Limited in 2016 when it had eight restaurants. A spokesperson for Whitbread stated: “As Pure was…
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4 JanuaryHotels
Glenfinnan boutique hotel brought to market for £500k
The Prince’s House Hotel in Glenfinnan, Scotland, has been brought to market by Graham and Sibbald for offers in the region of £500k for the freehold. The boutique hotel, which is located on a prominent Glenfinnan plot close to the famous Glenfinnan viaduct, consists of nine bedrooms with a “roaring”…
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Dec- 2023 -12 DecemberLatest News
Todays’ news in brief – 12-12-23
RBH Hospitality Management reported a remarkable 22% increase in Revenue per Available Room (RevPAR) compared to 2019, surpassing the national average of 15%, as per data from HotStats. Additionally, the company disclosed a 13% rise in Gross Operating Profit, outperforming the national average of 0.6% growth by September 2023. CEO…
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12 DecemberHotels
2023 hotel trading performance defies expectations
The UK hotel market has recorded another year of strong trading performance, according to the latest UK Hotel Trading Performance Review 2023 by global property adviser Knight Frank in partnership with HotStats. Despite a “particularly challenging macroeconomic environment”, the sector has delivered strong revenue growth, with profits now exceeding pre-pandemic…
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7 DecemberLatest News
Today’s news in brief – 7/12/23
Down Hall Hotel, Spa, and Estate have reported a 50% increase in gross profit over the past year, attributing this success to heightened occupancy rates and the introduction of new initiatives and events. The hotel underwent significant refurbishments, enhancing its bedrooms and terrace, and introduced new features such as the…
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7 DecemberHotels
Down Hall sees profits jump 50%
Down Hall Hotel, Spa and Estate has announced that its gross profit has risen 50% in the last 12 months. The hotel has put this increase down to increased occupancy and the introduction of new initiatives and events. In the period Down Hall has undergone an extensive refurbishment, elevating its…
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6 DecemberHotels
Indie hotels lead the way in RevPAR performance, RoomRaccoon finds
Independent hotels in the UK have outperformed their counterparts in other European destinations in revenue per available room (RevPAR) performance for 2023, according to Room Raccoon’s annual report. The report analysed hotel performance data from thousands of independent hotels in key European source markets, including the UK, Italy, Spain, Portugal,…
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Nov- 2023 -29 NovemberLatest News
Today’s news in brief – 29/11/23
Travelodge has reported robust financial results for the nine months ending September 30th. The hotel chain experienced a 16.7% increase in total underlying revenue, reaching £782m, and a 22.4% rise in adjusted profits, reaching £201.2m. The positive performance is attributed to strong demand from both business and leisure customers, with…
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29 NovemberHotels
London hotels maximise other revenues as room rates peak
London hotels relied on other revenues, such as their food and beverage services, to boost overall revenue in October, as room rates reached their peak as sector heads into the quieter winter months, according to the RSM Hotels Tracker. The data, which is compiled and produced by Hotstats and analysed…
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17 NovemberHotels
Whitbread gets green light for Bognor Regis development
Whitbread has been granted planning permission for a 116-bedroom hotel on Bognor Regis seafront by Arun District Council. The new hotel will be developed on the Bognor Regis Esplanade, on the site of the old fire station, and encompasses part of the Regis Centre car park. As a result of…
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