Our team regularly monitors a number of key sources for the most interesting hospitality news and opinion pieces, so you don’t have to. Those that catch our eye are reposted here, with content added most days, so be sure to bookmark this page and check back regularly. Alternatively, if you would like to receive a weekly digest, why not sign up to our newsletter to have it delivered to your inbox every Thursday?
UKHospitality has written to the government urging it to adopt its proposals to help tackle the £2.5bn rent debt crisis that “threatens to wreck the hospitality sector’s recovery and risks further widespread job losses”. For more than a year, the trade association has been highlighting the threat that rent debt
The UK’s hospitality sector has reportedly lost £80.8bn in sales due to the Covid-19 pandemic, according to UKHospitality’s (UKH) Quarterly Tracker with CGA. Figures showed that sales from the start of April 2020 to the end of March 2021 totalled £46bn, which is down by 64% on £126.8bn from the
Apex Hotels Limited has reported pre-tax profits of £7m for the FY period ending 30 April 2020, down from £12.4m the previous year. Apex attributed the decline to the final months of the financial year seeing “significantly reduced trading”, with a steep decline in international travel from January 2020 and
Travelodge has announced it expects to open 17 new hotels across the UK in 2021, creating 360 new jobs and growing its hotel network to 597 locations in the UK, Ireland and Spain. New locations include Leicester city centre, Mansfield, Newark on Trent, Poole, Rochdale and Sandwich. These new hotels
Voice technology, also known as voice recognition or voice assistant technology, is rapidly becoming a key trend in the hotel industry. In fact, it is one of the innovations pushing the industry forward during the COVID-19 pandemic. This is thanks to its hands-off, socially distanced attributes. What is voice recognition?
Occupancy has long been one of the key hotel performance metrics measured by STR. Reported on both a monthly and weekly basis, occupancy is easily calculated by dividing rooms sold (demand) by rooms available (supply), providing a straightforward representation of the percentage of rooms occupied during a given time period.
In 2019, 86% of the hotels that participated in CBRE Hotels Research’s annual Trends® in the Hotel Industry survey of property-level operating statements reported the payment of a management fee. On average, these hotels paid management fees equal to 3.6% of total operating revenue. The management fee to revenue ratio
After a year of economic upheaval in the hospitality industry, hotels are making big changes as they look ahead to recovery. Oftentimes these changes involve a complete rebrand, and this leads to questions about what is negotiable in a franchise agreement. In the article below, Bob Braun, senior member of
The Hospitality Asset Managers Association (“HAMA”) today released the results of its bi-annual survey of asset managers’ thoughts, experiences and forecasts for the upcoming year as the hotel industry continues to deal with the on-going pandemic. With approximately 100 participants, topics ranged from “return to 2019” RevPAR levels predictions to
Beaucliffe Hotel, a family-run hotel located in Salford, Greater Manchester, has been sold to First Choice Investments for an undisclosed sum. The site is well-known for featuring in several episodes of the television drama ‘Coronation Street’, with Jack and Vera Duckworth. The Beaucliffe Hotel is well positioned within a predominantly
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