Asia Travel Specialist (ATS), a Stockport-based travel company known for its deep expertise in South East Asia, has secured £50k from NPIF II – GC Business Finance & River Capital Smaller Loans, which is managed by the consortium as part of the Northern Powerhouse Investment Fund II (NPIF II). The funding will support ATS as […]
The latest company insolvency statistics show accommodation and food services insolvencies fell 7% from 3,747 in the 12 months to January 2024 to 3,474 in the 12 months to January 2025. However, insolvencies in the sector increased 21% month-on-month, from 225 in December 2024 to 273 in January 2025, and were up 3% when compared to […]
Staff costs in the UK hotel sector jumped in January, hitting profits even before April’s rise in employers’ National Insurance contributions (NICs) and National Minimum Wage (NMW), meaning pressures are only set to intensify, according to the RSM Hotels Tracker. The data, which is compiled and produced by Hotstats and analysed by RSM UK, shows total […]
The luxury hotel market continues to go from strength to strength, as the cost-of-living dissipates and consumers upgrade their choice of hotel, with the budget market being hit the hardest, 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 […]
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 […]
