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 […]
Consumer card spending grew 5.4 % year-on-year in June – less than the latest CPIH inflation rate of 7.9 %, yet noticeably higher than in May (3.6 %) – as the warm weather encouraged Brits to shop for summer clothes and socialise at pubs and bars. However, supermarket shoppers remain concerned about “shrinkflation”, while restaurants saw […]
The Pub People Group (“Pub People” or the “Group”), led by Andrew Crawford and backed by investment manager Downing LLP (“Downing”), has accelerated its expansion plans by making several freehold acquisitions, accelerating investment into the existing business, and bolstering the Group’s management team and the board. In September 2022, Downing became the majority shareholder in […]
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 […]
UK food and drink manufacturers’ costs fell for the first time in more than seven years in May, according to the Lloyds Bank UK Sector Tracker, providing reason for optimism around future UK food price inflation. In May, the sector posted 49.4 on the Tracker’s measure of input costs – the first month it has […]
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 […]
Room rates of UK and London hotels saw more of a marked increase in April than in previous years, 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 from £135.69 (March) to £142.73 (April). The […]
