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Increasing Financial Strain on UK's Independent Hotels: Survey Reveals Troubling Consequences of Autumn Budget
2024-12-12 19:53:00| Hotel Resource
A survey conducted by BWH Hotels, representing over 200 independently run hotels, including Best Western branded properties, across Great Britain, revealed that the Autumn Budget has brought about a steep increase in costs for hoteliers, with 91% noting a rise and 60% observing a surge of more than 20%.
Category:
Hospitality
LATEST NEWS
Growing Demand Buoyed By Inbound Tourism for UK Hotels In 2025
2024-12-12 18:50:54| Hotel Resource
The outlook for UK hotel market demand in 2025 suggests a generally positive picture. While the below&average UK GDP growth of 1.6% in 2025 could dampen UK domestic business and leisure demand, UK interest rates are predicted to reduce, resulting in a weakening pound. This could boost inbound tourism, given the UK's relative affordability for international travelers.
Category:
Hospitality
New European Commission Mandate to Reshape Business Travel
2024-12-12 17:48:52| Hotel Resource
The European Union has transitioned to a new Commission mandate as of December 1, 2024, under the leadership of Greek Commissioner Apostolos Tzitzikostas, who is responsible for 'Sustainable Transport and Tourism.' This change is expected to bring about significant shifts in the business travel industry.
Category:
Hospitality