UK hotels saw another increase in occupancy, room rates and gross operating profits in July as the sector returns to the normal seasonal peaks and troughs. However, the rate of growth slowed last month due to a drop in consumer confidence and possibly even the wet weather, according to the RSM Hotels Tracker. The data, […]
Consumer card spending grew 4.0 % year-on-year in July – less than the latest CPIH inflation rate of 7.3 % and slightly lower than in June (5.4 %) – as shoppers continue to be selective about discretionary purchases. While clothing retailers fell back into decline after a surge in June, the hospitality & leisure sector […]
Hotels have not been immune to the headwinds facing the wider commercial real estate investment market. However, the fundamental drivers of demand remain unchanged and have even accelerated in some cases which will make for an interesting time for the market over the next 12 months. We expect to see: Continued investor appetite We are […]
Room rates of UK hotels reached an all-time high in June, according to the RSM Hotels Tracker, as consumers made the most of soaring temperatures; but is it just a matter of time before rising interest rates creep up on the sector? The data, which is compiled and produced by Hotstats and analysed by RSM […]
According to Savills, Scotland has seen transactions of independent boutique hotels reach £71m in the first half of 2023, accounting for 43% of all deals year to date. This compares to transaction volumes of just £54m for all hotels in the same period last year. These figures show the strength of investing in independent, characterful […]
A rising number of diners cancelling last minute, or just not turning up, over the last year has led to almost a fifth (18%) of restaurant, pub and bar owners to consider closing for good according to new research from Barclaycard Payments, a leading UK payments provider. The issue adds pressure to an industry already […]
The review reveals that whilst market activity remained subdued in the first half of 2023 due to ongoing macroeconomic issues, hotels continued to change hands and many hotel operators reported positive trading results. This fuelled a continued disconnect between top-line revenues, asset pricing and financing challenges, resulting in a noticeable decline in UK transactions, which […]
New American Express research has revealed continued consumer support for small restaurants and other independent hospitality venues, and a strong appetite to enjoy new dining experiences across the summer. The survey asked 2,000 UK consumers to reflect on their visits to independent restaurants, bistros and cafes over the last 12 months, and found that the […]
The UK hotels sector benefitted from a starker increase in room rates than usual in May as the hat-trick of bank holidays helped to boost demand, according to the RSM Hotels Tracker. The data, which is compiled and produced by Hotstats and analysed by RSM UK, shows average daily rates (ADR) of occupied rooms increased […]
New research from Barclaycard Payments, a leading UK payments provider, demonstrates the growing importance of social media to the restaurant industry, as it’s revealed that four in 10 of those polled (41 %) believe an active presence on these platforms is now the single best way to judge if a restaurant is worth visiting1. This […]
