The latest analysis by specialist lending experts, Rangewell, suggests that funding for the hotel sector has bounced back dramatically since the dark days of the pandemic and that the hotel sector is poised for a sustained boom period with demand for domestic hotel accommodation continuing to climb. It’s been a tricky few years for the UK […]
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 […]
Retailers and hospitality venues are set to make £2.75bn during the Men’s UEFA Euro 2024 campaign, kicking off on 14 Friday June – a new report reveals. The Men’s UEFA Euro 2024 Spending Report by VoucherCodes.co.uk, the UK’s most trusted savings site, reveals that 35.4m supporters are expected to tune into tournament at home, bars, pubs, and restaurants. […]
Cost pressures, including the recent national minimum wage increase, are hitting the bottom line of UK hotels despite charging higher room rates, according to the RSM Hotels Tracker. The data, which is compiled and produced by Hotstats and analysed by RSM UK, shows labour costs per available room were up from £15.32 (March) to £16.62 […]
Two Drifters, a Devon-based distillery that featured on the last ever Hairy Bikers episode, is set for major growth having secured a £100,000 funding facility from Time Finance. The deal has been arranged to help fund the Devonian SME’s alcohol tax duty, enabling the business to bottle and distribute more of its sustainably produced rum. […]
While the UK hotels sector saw little benefit from the early Easter bank holiday weekend in March, the sector has made a strong recovery four years on from the first Covid lockdown, according to the RSM Hotels Tracker. The data, which is compiled and produced by Hotstats and analysed by RSM UK, shows occupancy increased […]
Shetland is due to get its first ever whisky distillery in 2024, after the business owners accessed specialist advice from Business Gateway. Lerwick Distillery will open its doors later this year, with a date to be announced. The concept that began more than a decade ago between friends Martin Watt and Calum Miller is nearing […]
Demand in the UK hotels sector started to pick up in February, boosted by half-term holiday staycations, according to the RSM Hotels Tracker. The data, which is compiled and produced by Hotstats and analysed by RSM UK, shows occupancy jumped to 71.4% in the UK and 73.2% in London last month; up from 68% and […]
Two entrepreneurs with a wealth of experience working in some of London’s top restaurants have launched their first UK restaurant venture in Leeds, after securing a £110,000 business funding deal from Reward Finance Group. Alexander Jarvis and husband, Clement Cousin, have utilised the facility provided by Reward, an alternative finance lender, to purchase the former […]
The UK hotel sector saw a seasonal decline in demand and room rates during January, but the slow start to the year is set to be exacerbated further by the upcoming national minimum wage (NWM) increase in April, according to the RSM Hotels Tracker. The data, which is compiled and produced by Hotstats and analysed […]
