UK hotels managed to stretch out summer demand in September, boosted by the success of the Red Roses in the Women’s Rugby World Cup, 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 82.8% to 85% […]
New research from Colliers shows that F&B operators have led demand in the capital for the last seven quarters as requirements show no signs of slowing down. In Q3 alone, F&B brands accounted for 137 of the 330 total retail space requirements tracked by Colliers. Fashion & accessories followed with 57 requirements, while leisure operators registered 52. […]
The Energy & Environment Alliance (EEA), a global coalition whose members represent more than 50,000 hotels and £360bn in hospitality and real-estate capital, today launched a worldwide consultation on the establishment of the first financially material sustainability accounting standards for the hotels and lodging sector. The initiative, led by the EEA Taskforce on Hotels & Lodging […]
Hospitality businesses – from cafés to restaurants, food halls to pubs – say they sit at the heart of community life; with 97% of hospitality business owners and managers agreeing. That’s according to new research from Lloyds Merchant Services, part of Lloyds Banking Group, which highlights strong growth ambitions among UK hospitality businesses, with many looking to […]
UK hoteliers managed to uphold strong occupancy in August, but staff costs continued to bite, with profitability taking a hit, 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 increased from 81.4% to 82.1% in August year-on-year, and rose […]
Two entrepreneurs have secured a £1.8m bridge-to-term loan from Allica Bank to reopen and transform the Holm House Hotel on the Vale of Glamorgan coast, which closed last year. It is a landmark deal for Allica, which only launched its bridge-to-term offering earlier this year. Holm House is an iconic 1920s coastal retreat located on […]
The Cumberland Building Society has joined Scotland Food & Drink to strengthen its commitment to supporting the country’s food industry and hospitality sectors. Through its connection with Scotland Food & Drink and its 450 member businesses, the building society offers specialist commercial lending, savings products alongside a relationship-focused service, helping to support and promote the industry. […]
The UK hotel sector benefitted from a bumper July, boosted by the Oasis reunion, with occupancy, room rates and profits all exceeding the previous year for the first time in eight months, according to the RSM Hotels Tracker. The data, which is compiled and produced by Hotstats and analysed by RSM UK, shows occupancy of […]
Heston Blumenthal OBE and owner of the Michelin-one starred gastropub The Hinds Head is calling on government and licensees to take urgent action to halt the closure of thousands of UK pubs. The Great British pub, a cornerstone of community life for centuries, is under threat from rising costs and shifting social habits; pressures that […]
The UK’s hospitality and retail sector need fiscal support from the government in the Autumn Budget, say leading audit, tax and business advisory firm, Blick Rothenberg. Darsh Shah, a partner at the firm, said: “The UK’s hospitality and retail sector is struggling with higher running costs due to government policy. To help them survive, the […]
