International tourism is well on its way to returning to pre-pandemic levels, with twice as many people travelling during the first quarter of 2023 than in the same period of 2022. New data from UNWTO: What we’ve learned The second UNWTO World Tourism Barometer of the year shows that the sector’s swift recovery has continued […]
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 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 […]
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 […]
While at the beginning of 2022 it was perhaps still assumed that the effects of the pandemic would slowly fade into the background, the Ukraine war and its consequences left clear traces on the domestic investment market. Rising energy prices, staff shortages and the massively changing interest rate landscape resulted in significantly fewer hotel transactions […]
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 […]
Hotel transaction volumes in the South West totalled c.£166.2m across 23 transactions in 2022, representing a 30.4% increase compared to 2021, according Savills. Domestic buyers represented approximately 66% of transaction volumes with the remaining 34% comprising international buyers in 2022. The international real estate advisor notes that Q1-Q3 were the strongest quarters with 93% of […]
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 […]
UK consumers are continuing to book staycations in 2023 despite the cost-of-living squeeze on household incomes and the opening up of international travel, according to a recent survey of 1,000 consumers. The survey, on behalf of leading audit, tax and consulting firm RSM UK, found over a third (36%) of respondents are planning to take […]
