Consumers’ confidence about their level of disposable income is at its highest since the Deloitte Consumer Tracker began in Q3 2011. Confidence rises for third consecutive quarter While sentiment still has some way to go before reaching positive figures, consumer confidence in disposable income has risen for the third consecutive quarter, up from -33% in Q3 2012 to -25% in … [Read more...]
Claire Jones to Estate Hotel Manager at The Raithwaite Estate
Claire Jones has joined The Raithwaite Estate as Estate Hotel Manager. The Estate, a member of Small Luxury Hotels of the World and managed by Luxury Hotel Partners, is set within 100 acres of breathtaking countryside and sweeping gardens in a dramatic position near Whitby on the North Yorkshire Coast. Andrew Nasskau from Luxury Hotel Partners said: “We are delighted to … [Read more...]
ONE Group to build on STK brand in UK
The ONE Group, owners of STK and Heliot at the Hippodrome, has recently become a publicly traded company in the US, a move that will lead to further UK expansion in UK cities and new sites in London. Raising $44.3m of investment incorporating a business combination with Committed Capital Acquisition Corporation, The ONE Group plans to build on the success of STK and Cucina … [Read more...]
Whitbread reports double digit sales, profit and dividend growth
Whitbread plc has reported its results for the six months ended 29 August 2013, after stating in April that it aims to grow the number of Premier Inn rooms by 45% to 75,000 by 2018, as well as to double Costa’s sales to £2 billion by expansion, especially in China. So how is it progressing? Financial Highlights Total revenue up 12.4% to £1,144.7 million (2012/13: £1,018.1 … [Read more...]
Investment in the UK serviced apartment market could triple by 2018
According to the latest UK Serviced Apartment Report from international real estate advisor Savills, the lack of purpose built stock in London could be creating an investment volume deficit. The firm reports that investment in serviced apartments in the US totalled £1.3 billion, 12% of total US hotel sales seen so far in 2013 - compared to only £123.5 million in the UK, 5% of … [Read more...]