Energy costs are now starting to bite the UK hotel sector, after benefitting from a lag in rising energy prices, according to the RSM Hotels Tracker. The data, which is compiled and produced by Hotstats and analysed by RSM UK, shows utility costs per available room were 51% higher in January than the same period […]
While at the beginning of 2022 it was perhaps still assumed that the effects of the pandemic would slowly fade into the background, the Ukraine war and its consequences left clear traces on the domestic investment market. Rising energy prices, staff shortages and the massively changing interest rate landscape resulted in significantly fewer hotel transactions […]
Hotel transaction volumes in Scotland totalled circa £149m (transactions over £1m) across 24 key deals in 2022, according to the latest research from Savills. The firm reports activity marks a 34% decrease on 2021 investment volumes (£226m), reflecting the wider macroeconomic conditions including rising debt costs, impacting the UK hotel market, where overall investment volumes […]
Hotel transaction volumes in the South West totalled c.£166.2m across 23 transactions in 2022, representing a 30.4% increase compared to 2021, according Savills. Domestic buyers represented approximately 66% of transaction volumes with the remaining 34% comprising international buyers in 2022. The international real estate advisor notes that Q1-Q3 were the strongest quarters with 93% of […]
Wylie & Bisset, Accountants and Business Advisers, is backing the Scottish hospitality sector in its call for business rate support. The firm agrees with UKHospitality (UKH) Scotland that a lack of business rates support for Scottish hospitality is unfairly hindering the sector in comparison to English businesses. While Scottish firms have not benefitted from any […]
There were some positive signs for the UK hotel industry at the end of 2022 with improving room rates in December, despite a fall in occupancy rates according to the RSM Hotels Tracker. The data, which is compiled and produced by Hotstats and analysed by RSM UK, also highlights the cyclical nature of the industry […]
UK consumers are continuing to book staycations in 2023 despite the cost-of-living squeeze on household incomes and the opening up of international travel, according to a recent survey of 1,000 consumers. The survey, on behalf of leading audit, tax and consulting firm RSM UK, found over a third (36%) of respondents are planning to take […]
According to international real estate advisor Savills, UK hotel transactions totalled £3bn in 2022, which is 27.5% lower than 2021, as a result of slowing activity driven by macroeconomic conditions in the second half of the year. Rob Stapleton, director, head of UK Hotel Capital Markets at Savills, comments: “2022 can be summarised as a […]
Applications are open for a new, high-profile business leader to champion and support the hospitality sector in the West Midlands. The night time economy advisor role will act as a focal point for the region’s pubs, clubs and restaurants as well other sub-sectors operating on a 24-hour basis such as health & social care, logistics […]
Despite occupancy rates, room rates, revenues and gross operating profits (GOP) of UK hotels declining in November, the UK hotel industry is showing some signs of resilience, according to the RSM Hotels Tracker. The data, compiled and produced by Hotstats and analysed by RSM UK, highlights the cyclical nature of the industry when occupancy and […]
30/01/2023
Edition 304 – December/January 2023Those usual suspects By Business Money group editor Robert Lefroy TCA: Two ye...
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