A Cambridge-based publican and micro-brewery owner has secured a £1.1m funding deal to purchase a landmark pub and hotel business on the outskirts of the city, paving the way for future growth. Marcus Turpin is primarily utilising the facility provided by alternative finance lender Reward Finance Group to purchase The Lord Byron Inn in Trumpington […]
The latest research into hospitality sector leaders’ views on Environment, Social and Governance (ESG) issues highlights multiple concerns around the implementation of ESG measures, as well as regional differences in priorities. Over 250 hospitality leaders across the world shared their thoughts on ESG issues as part of a major study conducted by King’s Business School […]
Occupancy and room rates of UK hotels held up better than expected in November. Despite following seasonal trends and declining slightly, both indicators outperformed the same period in 2022, according to the RSM Hotels Tracker. The data, which is compiled and produced by Hotstats and analysed by RSM UK, shows occupancy was down from 79.2% […]
London hotels relied on other revenues, such as their food and beverage services, to boost overall revenue in October, as room rates reached their peak and the sector heads into the quieter winter months, according to the RSM Hotels Tracker. The data, which is compiled and produced by Hotstats and analysed by RSM UK, shows […]
Appetite among consumers to take out financial services from the travel and hospitality brands they love is taking off, according to new research from Solaris in conjunction with YouGov and the Handelsblatt Research Institute. The ‘World of opportunities: embedded finance services boost the tourism industry’ study compiled the views of 2020 consumers in Europe. The […]
The Scottish Hospitality Group has launched a new campaign, warning the Scottish Government that there is just five weeks to save the Scottish hospitality industry. The campaign calls for the Scottish Government to use the Scottish Budget to provide emergency support for the hospitality industry and a new long-term deal to support the sector to […]
The UK hotel industry benefitted from a boost in demand in September as people headed off on staycations across the country to make the most of the Indian summer, according to the RSM Hotels Tracker. The data, which is compiled and produced by Hotstats and analysed by RSM UK, shows occupancy was up from 79.4% […]
The UK hotel sector saw a strong performance during the summer season, but it’s the luxury hotels that have driven the industry’s recovery post-pandemic, with a boost to average room rates and revenues per available room across the UK. Whilst occupancy levels still sit behind pre-pandemic levels, many consumers are also trading down to budget […]
The UK hotel sector saw a slowdown in demand during August, in line with seasonal trends, but the drop in room rates last month was more acute due to the record rates in July, according to the RSM Hotels Tracker. The data, which is compiled and produced by Hotstats and analysed by RSM UK, shows […]
The Cumberland Building Society has teamed up with other experts to share advice for hospitality business owners on how they can safely expand their business, despite a challenging economic climate. Teaming with Burnetts solicitors, real estate consultants Colliers, and accounting firm Armstrong Watson, The Cumberland highlighted how owners should invest were possible to futureproof their […]
