Redefine|BDL Hotels, the leading independent hotel management company, has made significant progress on four brand new hotels in the first quarter of 2015. Representing an investment of approximately £60m in the hotel sector overall, the properties set to launch in the coming months constitute 577 additional rooms and multiple leading hotel brands, including two new … [Read more...]
UK Provinces continue to shine against flat London
Whilst London hotels' profitability showed a virtually flat year-on-year movement in the month of March, the UK provinces continued to post strong performance with particular growth in gross operating profit per available room (GOPPAR). In particular, South East hoteliers recorded an 8.4% surge in this metric, according to the latest data from HotStats. South East With … [Read more...]
Brits favour staycations for 2015, spending £1,352 apiece
As Brits enjoy the hottest April on record, VoucherCodes.co.uk has revealed the UK is set to enjoy a tourism boost this year as 83 per cent opt for a holiday at home, a rise of 17 per cent on 2014. The lure of British shores, country pubs and cosmopolitan cities means the UK is now the no. 1 holiday destination for Brits, beating the nearest contender, Europe, by 16 per … [Read more...]
Strong results at Whitbread and new growth milestones
Whitbread has reported its results for the financial year to 26 February 2015, with sales, earnings per share and dividends all growing strongly. Andy Harrison, Chief Executive, said: "Whitbread had an outstanding year, with a 13.7% increase in total sales, underlying earnings per share growth of 19.4% and a proposed full year dividend per share increase of … [Read more...]
Constellation gains control of Claridges, The Berkeley and The Connaught
Although details have not been released at the time of writing, it has been confirmed that Sir David and Sir Frederick Barclay’s family interests have sold their 64% shareholding in Coroin Ltd, the company that owns the three luxury London hotels, Claridges, The Berkeley and The Connaught, to Constellation Hotels Group which, in turn is backed by Qatari investors. As is well … [Read more...]