International real estate advisor Savills has reported that total transaction volumes in the UK hotels market reached £6.1 billion in 2014, marking an increase of 55% on the previous year and the highest level since 2006. Renewed investor confidence The firm cites renewed investor confidence in regional markets as a key driver behind the overall growth, with 71% of deals … [Read more...]
InterContinental London – The O2 to generate 500 jobs
InterContinental London - The O2, the new 453-bedroom 18-storey luxury hotel currently in construction as part of a 7.6 acre development scheme on London’s Greenwich Peninsula, will create in excess of 500 new job opportunities, boosting the local economy. Opening late 2015 and featuring huge conference and banqueting space with the ballroom accommodating events for up to … [Read more...]
VisitBritain forecasts 4.5% tourism growth
Issued in December each year, and updated the following summer, the VisitBritain forecast for the volume and value of inbound tourism explores the factors likely to shape trends over the coming year. In 2015 VisitBritain predicts 2.5% growth in volume, and 4.5% growth in value for inbound tourism. These forecasts suggest that there will be 35.1 million visits in 2015 … [Read more...]
First phase at Birkwood Castle nears completion
Envestco, leading hotel operators and property developers, have completed the first phase of the development of Birkwood Castle and estate which is being transformed into a stunning boutique hotel and residential development of luxury homes. The company has completed the clearance of numerous dilapidated and unsightly buildings from the site leaving them free to concentrate … [Read more...]
Industry Prediction: what’s in store for hospitality in 2015?
2014 saw The Coffer Group team give its first insight into what the year ahead held for the leisure market and, buoyed by the accuracy of many of their predictions, the team is now offering its predictions for 2015. General Election years provide a degree of confusion and, whichever side (or coalition) is elected, there will be a period of uncertainty as the new government … [Read more...]