Hoteliers were hit with a double whammy in April, as they faced a rise in employment costs, along with price pressures on room rates, leading to a decline in profits, according to the RSM Hotels Tracker. The data, which is compiled and produced by Hotstats and analysed by RSM UK, shows UK hotel payroll (as […]
UK hotels strive to make up lost ground in March, as the gap in occupancy and room rates year-on-year narrows, 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 remained relatively flat in March year-on-year (73.8% compared to 73.5%), […]
365 Finance, an award-winning SME funder, has reported that the UK hospitality sector accounted for £43.7m of funding in 2024*, representing a 16.9% increase compared to 2023. For the first three months of 2025 this upward trend has continued, with hospitality businesses during 2024 and this year to-date being among the most frequent applicants for […]
Hotel occupancy holds up year-on-year in February, but room rates take a hit as UK hotels have to work harder for less, 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 70.8% to 71.5% in […]
The latest company insolvency statistics show accommodation and food services insolvencies fell 7% from 3,747 in the 12 months to January 2024 to 3,474 in the 12 months to January 2025. However, insolvencies in the sector increased 21% month-on-month, from 225 in December 2024 to 273 in January 2025, and were up 3% when compared to […]
Staff costs in the UK hotel sector jumped in January, hitting profits even before April’s rise in employers’ National Insurance contributions (NICs) and National Minimum Wage (NMW), meaning pressures are only set to intensify, according to the RSM Hotels Tracker. The data, which is compiled and produced by Hotstats and analysed by RSM UK, shows total […]
UK alcohol producers could benefit from the liquor trade war between the US and Canada, set off by US president, Donald Trump’s tariffs on Canadian goods, say leading audit, tax and business advisory firm, Blick Rothenberg. Melissa Thomas, head of Canada desk at the firm, said: “The Ontario governor has confirmed that The Liquor Control […]
The luxury hotel market continues to go from strength to strength, as the cost-of-living dissipates and consumers upgrade their choice of hotel, with the budget market being hit the hardest, 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 and room rates of UK hotels were up year-on-year in December, but profits remained flat as cost pressures started to bite, 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 70.3% to 71.6% in December […]
Urban Pubs & Bars (“UPB”), London’s largest independent pub and dining group, has announced a record-breaking EBITDA of £8.7m for the financial year ending April 28, 2024. These new financial results show an impressive 26% increase in EBITDA compared to the previous year, reflecting the group’s dynamic expansion and continued success in delivering exceptional hospitality […]
