Average hourly pay for temporary chefs has risen by as much as 20% in parts of the UK over the past year, data released by Indeed Flex, the online staffing platform for temporary work, has revealed. Indeed Flex’s analysis of tens of thousands of chef shifts posted on its platform reveal that hourly pay for […]
Hospitality and tourism businesses saw the fastest operating cost rises of any UK sector in November, as firms faced sharp increases in the price of energy, food, and drink, according to the latest Lloyds Bank UK Sector Tracker. The sector – which includes pubs, hotels and restaurants – faced higher inflationary pressures than any of […]
Occupancy rates of London hotels increased again in October, suggesting weak consumer confidence hasn’t yet hit the sector in the UK’s capital, according to the RSM Hotels Tracker. The data, compiled and produced by Hotstats and analysed by RSM UK shows that occupancy rates in London were up from 73.9% in September to 76.3% in […]
Topland, one of the UK’s largest privately-owned real estate groups, has grown its structured finance loan book having delivered £50m in new funding in September. The alternative lender has deployed five new loans against alternative asset classes, including three in the hospitality sector. Other sectors included education and residential property. The new lending includes a […]
Wylie & Bisset, accountants and business advisers, has advised hospitality sector operators to plan and project to survive or exit a perfect storm of increasing energy bills just as winter approaches, higher supply and staffing costs, and a fall-off in consumer spending, squeezed by inflation. While Prime Minister Liz Truss has announced that businesses will […]
UK hotels enjoyed higher occupancy rates, daily rates and gross operating profits in July, but there are fears this record-breaking summer won’t be enough to insulate the sector from a difficult end to the year, according to the RSM Hotels Tracker. The data, compiled and produced by Hotstats and analysed by RSM UK shows that […]
UK hoteliers are successfully passing on additional costs to consumers and charging higher room rates to combat inflationary pressures, according to the RSM Hotels Tracker. The data, compiled and produced by Hotstats and analysed by RSM UK shows that occupancy rates of UK hotels are continuing to increase, at 73.7% in June compared to 68.6% […]
Christie & Co’s Mid-Year Review The review notes that hoteliers have been faced with a challenging trading environment so far in 2022, with headwinds such as inflation, staff shortages and wage increases, supply chain disruptions, spiralling energy costs and the cost-of-living crisis all having intensified significantly over the last six months. Yet the success of […]
Recovering occupancy rates and food and beverage sales are combining to fuel a marked recovery in the London hotels market, according to the RSM Hotels Tracker. The data, compiled and produced by Hotstats and analysed by RSM UK shows that for the first time since prior to the pandemic, occupancy rates in London are now […]
Recognise Bank has agreed a £550,000 commercial mortgage for a property investment firm to acquire a retail unit in the popular seaside town of Bournemouth, currently being used as a Korean Japanese restaurant. The borrower, Nofesh Ltd, was introduced to Recognise Bank by mortgage broker Asher Goldman, of Goldman Property Finance Ltd., who had dealt with […]
