After three months of consecutive profit decreases, London saw the first month of Gross Operating Profit (GOP) growth in April, according to the latest HotStats survey of approximately 625 full-service hotels across the UK. Despite a slight decrease in occupancy by 0.2% at a stable average room rate (ARR) of £135.29 bringing revenue per available room (RevPar) down by 0.2%, … [Read more...]
Global Hotel Guest Survey reveals significant changes in UK market
The 2013 Global Hotel Guest Survey conducted by specialist hotel research consultancy, BDRC Continental, reveals significant changes to the structure of the market, hotel guest behaviour and the hierarchy of hotel brands operating in Britain. Commenting on the British Hotel Guest Survey results, Matt Costin, Director at BDRC Continental, says: “This year’s report … [Read more...]
THE PIG continues expansion with purchase of Hunstrete House
First there was THE PIG, the award-winning New Forest retreat that set new standards in country hotels. Swiftly on its trotters came THE PIG-in the wall, livening up Southampton with its combination of luxury touches and homely charm. Now the litter expands still further with the addition of Hunstrete House tucked in the folds of the Mendip Hills near Bath. Hunstrete … [Read more...]
NatWest and RBS launch £150m loan fund to enable investment in leisure businesses
NatWest and RBS have launched The Leisure Fund: a £150million fund to support investment for the leisure industry which is designed specifically for the leisure industry and comes with two six month capital repayment holidays - allowing breathing space for investment and contingency planning. The launch of the fund follows publication of research by the two banks, which … [Read more...]
Travelodge opens its 7th hotel in Liverpool – Central Exchange Street
Travelodge commissioned world renowned Liverpool artist Keith Smith to create a bespoke piece of artwork titled ‘Liverpool Rising’ - highlighting the city’s growth story during the recession - to mark this opening. The 12ft long artwork is Keith Smith’s biggest commission to date and the city’s most up to date skyline portrait. It showcases the historic ‘Three Graces’ … [Read more...]