Occupancy rates of London hotels increased again in October, suggesting weak consumer confidence hasn’t yet hit the sector in the UK’s capital, according to the RSM Hotels Tracker. The data, compiled and produced by Hotstats and analysed by RSM UK shows that occupancy rates in London were up from 73.9% in September to 76.3% in […]
International tourism is on track to reach 65% of pre-pandemic levels by the end of 2022 as the sector continues to bounce back from the pandemic. An estimated 700 million tourists travelled internationally between January and September, more than double (+133%) the number recorded for the same period in 2021. This equates to 63% of […]
Occupancy rates, daily rates and gross operating profits of UK hotels benefitted from an unexpected and unseasonal spike in demand in September. The increase was in part due to large numbers of people descending on cities like London and Edinburgh to pay their respects following Her Majesty the Queen’s death and up to her state […]
Wylie & Bisset, accountants and business advisers, has advised hospitality sector operators to plan and project to survive or exit a perfect storm of increasing energy bills just as winter approaches, higher supply and staffing costs, and a fall-off in consumer spending, squeezed by inflation. While Prime Minister Liz Truss has announced that businesses will […]
UK hotels enjoyed higher occupancy rates, daily rates and gross operating profits in July, but there are fears this record-breaking summer won’t be enough to insulate the sector from a difficult end to the year, according to the RSM Hotels Tracker. The data, compiled and produced by Hotstats and analysed by RSM UK shows that […]
Specialist business property adviser, Christie & Co, has today launched its Leisure: 2022 Mid-Year Review, which reflects on activity, trends and challenges that shaped the UK leisure sector in the first half of 2022, and provides an outlook for the rest of the year. The review indicates that there has been a shift in public […]
Boat sales in the UK will be protected from money-laundering criminals after a major technology deal has been secured for brokers and agents. The Association of Yacht Brokers and Agents (ABYA) has entered into a strategic partnership with SmartSearch, the UK’s leading provider of anti-money laundering (AML) software. The deal will provide ABYA members with […]
New research from Octane Capital, reveals that the number of active holiday lets has increased by as much as 33% in some of England’s most popular short break destinations, with the increasingly popular holiday let mortgage helping to drive this significant market growth. The short-term holiday rental market has been thriving ever since the rise […]
Christie & Co’s Mid-Year Review The review notes that hoteliers have been faced with a challenging trading environment so far in 2022, with headwinds such as inflation, staff shortages and wage increases, supply chain disruptions, spiralling energy costs and the cost-of-living crisis all having intensified significantly over the last six months. Yet the success of […]
West Sussex-headquartered cycling e-retailer The Rider Firm has put the wheels in motion to grow its business in the UK and US. The Rider Firm designs, engineers and e-retails premium bicycle components including carbon and alloy wheels, bikes and cycling accessories. Its wheel brand, Hunt, is its top seller. It also sells Privateer mountain bikes […]
30/11/2022
Edition 303 – October/November 2022
Turnaround, a vital culture By Business Money group editor Robert Lefroy TMA...
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