How have Europe’s hotels fared during the pandemic?

In August 2021, Tranio joined forces with the International Hotel Investment Forum (IHIF) to conduct a joint survey on the impact the global COVID-19 pandemic has had on the hospitality sector since March 2020, and to zero in on what we can expect from the market going forward. The survey presented upwards of 160 industry […]

UK economic growth slows, ONS reveals

UK economic growth slowed down in July, growing by 0.1% compared with 1% in June 2021, according to the latest data by the Office of National Statistics (ONS). With the spread of the Delta variant and the “pingdemic” taking its hold in July, gross domestic product (GDP) still remains 2.1% below its pre-pandemic level. Output […]

August consumer spending rose 15.4%, Barclaycard reveals

Consumer card spending rose 15.4% in August, compared with the same period in 2019, with growth recorded across all sectors apart from international travel, according to new data from Barclaycard. For the hospitality and leisure sector, restaurant spending broke into positive growth for the first time since the pandemic hit (0.1%), while spending on pubs, […]

UK hotel occupancy climbs to 65%, study finds

UK hotel occupancy rates have climbed for the third consecutive month to 65% in July, showing an improving picture as restrictions lifted and the sector started to reopen following the third lockdown, according to RSM’s Hotel Tracker. The data, compiled and produced by STR and analysed by RSM, shows the average occupancy rate has risen […]

Labour shortages could continue for two-years, CBI warns

Labour supply problems could last for up to two years and will not be solved by the end of the Job Retention Scheme, the CBI’s director-general, Toby Danker has warned. The warning comes as the CBI’s director-general has set out priorities for both business and government to guard against labour constraints harming the UK’s economic […]

Scottish government announce tourism support

The Scottish government has announced a multi-million pound package investment to support tourism and hospitality businesses recover from the pandemic. The support is part of a wider £129m investment in the sector which has “been particularly hard hit by the pandemic”. The package of support includes: £4m for VisitScotland to deliver the Days Out scheme […]

UK tourism growth levels off

In July, the tourism and recreation sector saw its growth rate ease, falling to 55.3 from 63.1 in June, a level which was the strongest output growth recorded since January 2012, according to the Lloyds Bank UK recovery tracker. Businesses pointed to a levelling-off in forward bookings for UK holidays, and cited restricted capacity caused […]

Hospitality contributed to 40% of Q1 to Q2 economic growth, says UKH

The hospitality industry reportedly contributed to 40% of the UK’s total economic growth between Q1 and Q2 2021. The figure comes from the latest UKHospitality Quarterly Tracker, produced by CGA, which followed ONS data revealing the UK GDP to have grown 4.8% in June. Kate Nicholls, chief executive at UKH, said that the results both “show the importance […]

UK economy surges 4.8% in June

The UK economy grew by 4.8% in June as Covid-19 restrictions surrounding retail and leisure were eased across the UK, according to figures published by the Office of National Statistics (ONS).  Gross domestic product (GDP) is estimated to have grown for a fifth consecutive month in June 2021, by 1.0%, but remains 2.2% below its […]

Hospitality investment slumps 52% in Q1

Investment in the hospitality industry reportedly dropped 52% year-on-year to £649m in the first three months of 2021. According to analysis of ONS data conducted by business tax relief consultancy group Catax, UK business investment in hotels and restaurants fell £702m from Q1 FY20’s £1.4bn of investments. The figure also represents a 27.7% decline from […]