The UK hotel sector saw a strong performance during the summer season, but it’s the luxury hotels that have driven the industry’s recovery post-pandemic, with a boost to average room rates and revenues per available room across the UK. Whilst occupancy levels still sit behind pre-pandemic levels, many consumers are also trading down to budget […]
The UK hotel sector saw a slowdown in demand during August, in line with seasonal trends, but the drop in room rates last month was more acute due to the record rates in July, according to the RSM Hotels Tracker. The data, which is compiled and produced by Hotstats and analysed by RSM UK, shows […]
The Cumberland Building Society has teamed up with other experts to share advice for hospitality business owners on how they can safely expand their business, despite a challenging economic climate. Teaming with Burnetts solicitors, real estate consultants Colliers, and accounting firm Armstrong Watson, The Cumberland highlighted how owners should invest were possible to futureproof their […]
With a recent survey by the Scottish Hospitality Group finding that more than two thirds of operators in Glasgow have seen footfall drop, with some 63% blaming the introduction of the Low Emission Zone (LEZ) and poor public transport, Wylie & Bisset, accountants and business advisers, is urging bar and restaurant owners in Glasgow city […]
The new partnership will see Christie & Co seek out several franchise partners to roll out this highly successful concept across the UK, supported by a global brand with almost 40 sites around the world. Since the first Paulaner Bräuhaus opened in Munich in 1989, sites have now opened as far afield as Singapore, Shanghai, […]
Hotels have not been immune to the headwinds facing the wider commercial real estate investment market. However, the fundamental drivers of demand remain unchanged and have even accelerated in some cases which will make for an interesting time for the market over the next 12 months. We expect to see: Continued investor appetite We are […]
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 […]
