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 […]
While the UK hotel sector ended 2023 on a high, new data shows this was largely driven by the luxury market with a spike in room rates and profits, according to the RSM Hotels Tracker: Focus on Asset Classes. The data, which is compiled and produced by Hotstats and analysed by RSM UK, highlights that […]
According to Savills, Scotland saw hotel transaction volumes (sales of £1m +) reach £310m in 2023, up 98% on 2022’s figure of £156m. Overall Scotland accounted for circa 14% of all UK hotel deals last year as the market remained resilient despite ongoing economic headwinds. Savills recorded 31 transactions in 2023, most notably the sale […]
New spending data by Airtime Rewards reveals that pubs and bars saw consumer spending drop by 21% in January, compared to the monthly average across 2023, after what is set to be the driest January on record. According to Airtime Rewards’ latest customer poll, one in ten (11%) Brits planned to have a dry January […]
