Today’s company insolvency statistics show accommodation and food services insolvencies were down 7% year-on-year from 3,737 in 2023 to 3,464 in 2024. Insolvencies in the sector saw an even bigger drop month-on-month, down 31% from 327 in November 2024 to 224 in December 2024, and fell 29% when compared to the same month in the previous year […]
Occupancy and room rates of UK hotels were up year-on-year in December, but profits remained flat as cost pressures started to bite, according to the RSM Hotels Tracker. The data, which is compiled and produced by Hotstats and analysed by RSM UK, shows occupancy of UK hotels was up from 70.3% to 71.6% in December […]
Susannah Streeter, head of money and markets, Hargreaves Lansdown: ‘’This snapshot of struggling sales across WH Smith’s high street estate shines a light on why management seem so keen to sell off its traditional stores and focus on its travel hub business, which is flying high. The difference in sales is stark. While shops across […]
With 1.4 billion international tourist arrivals recorded globally, 2024 marked the recovery of international tourism from the worst crisis in the sector’s history. A majority of destinations welcomed more international tourists in 2024 than they did before the pandemic, while visitor spending also continued to grow strongly. According to the latest World Tourism Barometer from […]
Around 1.1 billion tourists travelled internationally in the first nine months of 2024, as the global tourism sector recovered 98% of pre-pandemic levels. According to the latest World Tourism Barometer by UN Tourism, a full recovery from the biggest crisis in the sector’s history is expected by the end of the year, despite economic, geopolitical […]
Consumers are ‘trading up’ in their choice of hotel as the cost-of-living pressure eases, causing demand for budget hotels to dwindle, and luxury and mid market seeing a boost, according to the RSM Hotels Tracker: Focus on Asset Classes. The data, which is compiled and produced by Hotstats and analysed by RSM UK, shows occupancy […]
Taylor Swift’s The Eras tour and improving consumer confidence drove strong demand of UK hotels in June, providing another boost to profits, according to the RSM Hotels Tracker. The data, which is compiled and produced by Hotstats and analysed by RSM UK, shows occupancy of UK hotels was up slightly from 81.4% to 81.9% in […]
As the UK experiences its coldest summer in 24 years, with forecasters predicting a European Monsoon on the horizon, travellers are on the move in record numbers and projected to spend a record €800bn in Europe this year. However, experts at Chargebacks911, the world’s leading chargeback technology platform, have warned that if travel operators aren’t ready […]
CIBC Innovation Banking has provided a corporate debt financing package to Artlogic, a leading technology platform for the art world. The funding will be used to increase its research and development, helping to expand its product offering. The platform’s integrated approach combines inventory, accounting, customer relationship management (CRM), website, sales, marketing, and payment solutions, giving those in […]
A driven entrepreneur from Somerset has trebled the size of his expanding chain of gyms across the South West of England after securing a £200,000 funding solution to grow his Trident Fitness equipment brand and support the launch of his new gym in Yeovil. Craig Stephens will be utilising the working facility provided by alternative […]
