The announcement that local mayors can impose Tourist Levy’s on the overnight stays of people visiting their jurisdiction is a disastrous tax on hotels. Paul Callingham, chairman of Starboard Hotels Ltd said: “There was nothing that would seriously adversely affect hospitality during the chancellor, Rachel Reeves, Autumn Budget speech, but the announcement that the government […]
UK hotels managed to stretch out summer demand in September, boosted by the success of the Red Roses in the Women’s Rugby World Cup, according to the RSM Hotels Tracker. The data, which is compiled and produced by Hotstats and analysed by RSM UK, shows occupancy of UK hotels was up from 82.8% to 85% […]
Predictions have revealed that global business travel spend will reach $1.57tn in 2025, as the industry continues on its upward trajectory post-pandemic. Experts at the ground transportation platform Mozio, have analysed global data to reveal 46 business travel trends and statistics, covering spending, demographics and more. According to Mozio’s research, over half (55%) of business travelers see work […]
Luxury and mid market hotels enjoyed a rise in occupancy, room rates and profits in August year-on-year, while budget hotels lagged behind as they juggle rising costs and dwindling consumer demand, RSM Hotels Tracker: Focus on Asset Classes reveals. The data, which is compiled and produced by Hotstats and analysed by RSM UK, shows average room […]
The Energy & Environment Alliance (EEA), a global coalition whose members represent more than 50,000 hotels and £360bn in hospitality and real-estate capital, today launched a worldwide consultation on the establishment of the first financially material sustainability accounting standards for the hotels and lodging sector. The initiative, led by the EEA Taskforce on Hotels & Lodging […]
Hospitality businesses – from cafés to restaurants, food halls to pubs – say they sit at the heart of community life; with 97% of hospitality business owners and managers agreeing. That’s according to new research from Lloyds Merchant Services, part of Lloyds Banking Group, which highlights strong growth ambitions among UK hospitality businesses, with many looking to […]
Research from international real estate advisor Savills shows that UK hotel investment is estimated to total £1.04bn in Q3 2025, a 28% year-on-year increase. This was driven by single asset transactions, which accounted for 92% of activity and rose almost 60% above the 10-year Q3 average, even as overall investment volumes remained 5% below long-term […]
UK hoteliers managed to uphold strong occupancy in August, but staff costs continued to bite, with profitability taking a hit, according to the RSM Hotels Tracker. The data, which is compiled and produced by Hotstats and analysed by RSM UK, shows occupancy of UK hotels increased from 81.4% to 82.1% in August year-on-year, and rose […]
Two entrepreneurs have secured a £1.8m bridge-to-term loan from Allica Bank to reopen and transform the Holm House Hotel on the Vale of Glamorgan coast, which closed last year. It is a landmark deal for Allica, which only launched its bridge-to-term offering earlier this year. Holm House is an iconic 1920s coastal retreat located on […]
An operator of 11 marinas in England, Wales and Scotland has been acquired by Premier Marinas on the South Coast for an undisclosed sum. Boatfolk, headquartered at Boatfolk Marinas in Bursledon, near Southampton, Hampshire, will continue to operate largely unchanged as plans are developed to align the two businesses over the coming months and unlock […]
