Archive for the Hotels Category

RevPAR slowdown could lead to lack of ‘investor interest’

Some investors could become wary of hotel assets due to RevPAR (rooms revenue per available room) plateaus amid predictions of labour shortages and increasing costs, according to the Hotel Bulletin Q3 2017 published this week by HVS, AlixPartners, STR and AM:PM. The Bulletin reports that in Q3 2017 average growth in RevPAR at 5% was the lowest level since Q1 2016, although the overall long-term outlook for UK hotels remains positive. While these results outpace UK GDP growth, which has averaged below 1% in the same period, the impact of a lower growth environment, global political uncertainty and an increasing

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BHA condemns Sadiq Khan’s ‘unfair’ London ‘tourist tax’

The British Hospitality Association (BHA) has hit back at the Greater London Assembly’s (GLA) plans to introduce a ‘bed tax’ for the capital’s hotel rooms. The London Assembly Economy Committee met yesterday to further discuss the tax which it says could add between £91m to £364m a year to the UK economy. The plans were first introduced in January, described as a “Berlin-style tax of 5% of the room rate per night”. It could potentially increase accommodation prices by £3.40. Ufi Ibrahim, chief executive of the BHA, said: “The London tourism tax will unfairly penalise hard-pressed Britons, who make up

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UK hotel bookings increase by 29% in 2017

Tourico Holidays, wholesale travel brokerage company, today shared data reporting a 29% increase in hotel bookings to the United Kingdom in 2017, compared to the same time last year. The growth in inbound bookings can, in part, be attributed to the United Kingdom’s most consistent source markets. Based on Tourico’s latest hotel booking report, the United States increased its year-over-year bookings to the UK by 11%, while Canada increased its bookings by 35%. South America increased its bookings by 38% in 2017 and the Middle East market increased by 22%. Asia-Pacific travelers continue to seek out UK travel products as

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BYHOURS launches ‘microstay’ app in the UK to increase occupancy

BYHOURS, the hotel booking platform which allows users to book rooms in city centres and travel hotspots for short stays has unveiled a new brand identity and launched a newly designed app as part of a brand repositioning. The repositioning aims to consolidate the brand’s microstay booking proposition, differentiating it from platforms offering hotel rooms for the day with its redeveloped app. Launched in 2012, BYHOURS’ ‘by the hour’ hotel room booking model invented the microstay concept as a way for hoteliers to increase their occupancy rate. The brand’s microstay booking platform is now available in 50 countries and has

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UK hotels ‘risk losing business customers’ due to ‘substandard’ Wi-Fi

Research from Zyxel has found that 18% of UK hotels – the highest in Europe – are still limiting or charging guests for Wi-Fi access. The average across the continent lies at just 3%, suggesting that UK hotels are at risk of disappointing European customers. The study of 405 hoteliers in ten European markets shows that a quarter of UK hotels installed Wi-Fi to make themselves more attractive to international guests, which was more than any other region surveyed. Meanwhile, 41% of hotels in the country say they struggle to cope with the number of connected devices, second only to

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