The UK hotel market posted a consecutive second month of strong growth in February, with hoteliers in the East of the country experiencing year-on-year increases across all key performance indicators and recording the highest growth in gross operating profit per available room (GOPPAR) of 48.3% in February, according to the latest data from HotStats. A combined surge in … [Read more...]
Glasgow riding high on record-breaking hotel occupancy
Glasgow’s hotel sector continued its strong start to 2014 with record-breaking results during February, the ninth consecutive month of record-breaking occupancy rates for Glasgow’s hotels. The LJ Forecaster report, from tourism market research specialists LJ Research, shows that occupancy in the city averaged 78.3% last month - the highest occupancy level for February the city … [Read more...]
Jamie’s Italian takes to the high seas!
Royal Caribbean International has announced that the inaugural voyage of Quantum of the Seas in November 2014 will include the opening of chef Jamie Oliver’s first restaurant at sea. Jamie’s Italian aboard Quantum of the Seas The addition of Jamie’s Italian to the restaurant portfolio aboard the Royal Caribbean ship - followed by sister ship Anthem of the Seas in April … [Read more...]
Grand Union announces 20 site ambitions
Adam Marshall, CEO of London-based bar and restaurant group Grand Union has confirmed plans to expand its property portfolio by 20 new sites over the next three years as it launches the next phase of its growth strategy. Backed by industry veteran Luke Johnson, who owns a 50% share in the cocktail and burger concept, Grand Union currently operates eight sites throughout … [Read more...]
Pub sales: continued pub use or conversion?
As a market leader in the sale of freehold pubs, Fleurets is well positioned to examine trends in pub sales and comment on the figures for continued pub use against conversion for alternative use in 2013. They have now released their analysis of the figures. Lower quality pubs more often sold for other uses The number of ALL freehold pubs sold by Fleurets last year for … [Read more...]