Around 1.1 billion tourists travelled internationally in the first nine months of 2024, as the global tourism sector recovered 98% of pre-pandemic levels. According to the latest World Tourism Barometer by UN Tourism, a full recovery from the biggest crisis in the sector’s history is expected by the end of the year, despite economic, geopolitical […]
Consumers are ‘trading up’ in their choice of hotel as the cost-of-living pressure eases, causing demand for budget hotels to dwindle, and luxury and mid market seeing a boost, according to the RSM Hotels Tracker: Focus on Asset Classes. The data, which is compiled and produced by Hotstats and analysed by RSM UK, shows occupancy […]
Taylor Swift’s The Eras tour and improving consumer confidence drove strong demand of UK hotels in June, providing another boost to profits, 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 slightly from 81.4% to 81.9% in […]
As the UK experiences its coldest summer in 24 years, with forecasters predicting a European Monsoon on the horizon, travellers are on the move in record numbers and projected to spend a record €800bn in Europe this year. However, experts at Chargebacks911, the world’s leading chargeback technology platform, have warned that if travel operators aren’t ready […]
CIBC Innovation Banking has provided a corporate debt financing package to Artlogic, a leading technology platform for the art world. The funding will be used to increase its research and development, helping to expand its product offering. The platform’s integrated approach combines inventory, accounting, customer relationship management (CRM), website, sales, marketing, and payment solutions, giving those in […]
A driven entrepreneur from Somerset has trebled the size of his expanding chain of gyms across the South West of England after securing a £200,000 funding solution to grow his Trident Fitness equipment brand and support the launch of his new gym in Yeovil. Craig Stephens will be utilising the working facility provided by alternative […]
The Spanish tourism industry recovered with great strength post-pandemic, with most resort destinations experiencing a surge in air traffic boosted by connectivity improvements in 2023, including new international routes. Despite the emergence of alternative sun destinations and further development of direct competitive markets (Italy, Greece, Portugal, etc.), Spanish resorts consolidated their position as the leading […]
The hottest May on record, albeit wet, saw profits of UK hotels overtake pre-pandemic levels, according to the RSM Hotels Tracker. The data, which is compiled and produced by Hotstats and analysed by RSM UK, shows gross operating profits (GOP) of UK hotels reached 38.9% in May, up from 37.3% in the same period last […]
New data from Barclays reveals that Taylor Swift’s highly anticipated Eras Tour is predicted to provide a £997m boost to the UK economy, with Swifties forking out £848 on average to see their idol at one of the 15 UK tour dates. The Swiftonomics report shows that spending by The Lucky Ones attending a tour […]
Derren Nathan, head of equity research, Hargreaves Lansdown: “Whitbread’s served up a set of record beating results for the 12 months ending 29 February 2024. Premier Inn UK has continued to outperform the rest of the market and management are seizing the opportunity to convert 112 restaurants into 3,500 new room extensions. This appears to […]
