Desite the wet weather in March, hotel operators continued to outperform the wider hospitality sector as operators were able to charge the same room rates as peak season prices in 2018, according to the RSM Hotels Tracker. The data, which is compiled and produced by Hotstats and analysed by RSM UK, shows average daily rates […]
The UK’s largest independent invoice financier, Bibby Financial Services (BFS), has struck a deal with North Brewing Company Ltd for a £375,000 confidential invoicing discounting (CID) package, to support the business’s cashflow and enable the founders to focus on future growth. The Leeds-based business started its life as North Bar on New Briggate high […]
The performance of the UK hotels sector is better than expected in February and outperforms the rest of the hospitality sector, 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 £121.74 (January) to £128.94 […]
Food trends are constantly evolving, led by changes in consumer mindset and behaviour, economic fluctuations, and major events affecting individual countries and even populations worldwide. The food and drink landscape has changed considerably in recent months and years to make room for significant developments that were largely prompted by the cost-of-living crisis, supply chain issues […]
The assets, which are a selection of Marston’s non-core properties, include a mix of leased, tenanted, retail and managed pubs, and are available to purchase individually, in small groups or as a group package. Noel Moffitt, senior director – Corporate Pubs & Restaurants at Christie & Co, who is managing the sales process comments, “This […]
Energy costs are now starting to bite the UK hotel sector, after benefitting from a lag in rising energy prices, according to the RSM Hotels Tracker. The data, which is compiled and produced by Hotstats and analysed by RSM UK, shows utility costs per available room were 51% higher in January than the same period […]
Hotel transaction volumes in Scotland totalled circa £149m (transactions over £1m) across 24 key deals in 2022, according to the latest research from Savills. The firm reports activity marks a 34% decrease on 2021 investment volumes (£226m), reflecting the wider macroeconomic conditions including rising debt costs, impacting the UK hotel market, where overall investment volumes […]
Wylie & Bisset, Accountants and Business Advisers, is backing the Scottish hospitality sector in its call for business rate support. The firm agrees with UKHospitality (UKH) Scotland that a lack of business rates support for Scottish hospitality is unfairly hindering the sector in comparison to English businesses. While Scottish firms have not benefitted from any […]
There were some positive signs for the UK hotel industry at the end of 2022 with improving room rates in December, despite a fall in occupancy rates according to the RSM Hotels Tracker. The data, which is compiled and produced by Hotstats and analysed by RSM UK, also highlights the cyclical nature of the industry […]
Applications are open for a new, high-profile business leader to champion and support the hospitality sector in the West Midlands. The night time economy advisor role will act as a focal point for the region’s pubs, clubs and restaurants as well other sub-sectors operating on a 24-hour basis such as health & social care, logistics […]
