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hospitality

  • The Future of Hospitality - How hoteliers can make the most of new workspace trends

    When hotels and B&Bs are looking at new sources of revenue, future workspace trends may not be the first thing that springs to mind.


    Equally, co-working spaces are not necessarily something you’d expect to find in a hotel.


    But changing habits mean more people are more mobile, whether they’re working remotely or building a start-up on the move.


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  • Hospitality sector shines light in dark start to 2018

    According to the latest figures, overall consumer spending has continued to drop in the first months of this year, but the hospitality sector has continued to buck the trend.

    Visa’s February 2018 UK Consumer Spending Index is based on Visa card spending and put together by economists from financial information and analysis firm IHS Markit.


    A strong performance by hospitality sector

     

    The falls in overall spending seen throughout 2017 continued into this year, with nine out of the last ten months recording negative figures. But after the usual quiet January for restaurants, hotels and bars, with growth falling to 3.7% from December 2017's 4.9%, the sector was the strongest in February. Hospitality saw a strong increase of 4.4%, comparing February 2018 with the same month last year.


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  • Latest Predictions for UK Hotel Occupancy Rates in 2016

    Alarming news items, such as the recent floods in Cumbria, may have raised concerns about UK hotel occupancy, but it seems the outlook is generally positive for the UK's hospitality industry in 2016. Respected sources such as PWC have predicted growth, albeit not huge growth, for the year ahead. The year-on-year forecast for room occupancy growth was forecast to be 1.6% in 2015 but only 0.6% in 2016. This means 2015 occupancy was 76% and rose to 77% in 2016, if growth continues as predicted. However, the hospitality industry is vulnerable to external pressure such as geopolitical events. It's unclear what events may arise that could impact on the travel, tourism and hospitality sectors over the next 12 months. Continue reading

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