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 […]
Urban Pubs & Bars (“UPB”), London’s largest independent pub and dining group, has announced a record-breaking EBITDA of £8.7m for the financial year ending April 28, 2024. These new financial results show an impressive 26% increase in EBITDA compared to the previous year, reflecting the group’s dynamic expansion and continued success in delivering exceptional hospitality […]
Representing their first step into the UK hospitality market, the acquisition underscores the buyer’s commitment to expanding internationally, with plans to build a portfolio of UK properties. The sale was facilitated by Colliers’ Hotels Agency team. Originally an 18th century farmhouse, the hotel sits on a picturesque six-acre freehold site and features 37 en-suite bedrooms. It […]
UK hotel occupancy levels saw a year-on-year boost in November, helped by the start of the Christmas party season, 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 76.6% to 79.1% in November year-on-year, while London […]
UK hotel investment transactions are estimated to have reached £5.75bn in 2024, according to Savills, more than double the volume recorded in 2023. This marks the highest level of activity in the sector since 2018. Savills research shows that the resurgence in activity was largely driven by portfolio transactions (such as Blackstone’s acquisition of Village […]
With the Scottish Budget fast approaching, Stuart McCallum, head of consumer markets in Scotland at RSM UK, outlines what’s needed to support the retail, hospitality and tourism sectors: “Various layers of regulation, ranging from employment rights to sustainability requirements, are adding to the mounting costs faced by Scottish operators. Many of whom are already on tight margins […]
Mild weather and the October half-term saw demand in London hotels buck the seasonal trend, with an increase in occupancy, according to the RSM Hotels Tracker. The data, which is compiled and produced by Hotstats and analysed by RSM UK, shows occupancy of London hotels rose from 83.7% in September to 84.2% in October, but […]
Record breaking rainfall and a drop in consumer confidence led to lacklustre demand in the hotel industry in September, 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 81.9% to 82.7% in September year-on-year, and […]
Twenty independent restaurants in both London and Manchester have been awarded an equal share of £220,000 as part of the American Express Backing International Small Restaurants grant programme. Now in its third year, the programme is run by the International Downtown Association (IDA) Foundation in partnership with the Association of Town & City Management (ATCM) and backed […]
For the second consecutive year, senior hospitality figures and investors have ranked London as the most attractive European city for hotel investment in the year ahead, according to the 2024 European Hotel Industry and Investment Survey by Deloitte., Deloitte asked nearly 100 senior hospitality leaders, owners, lenders, developers, and investors about the key trends that […]
