Trends
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Hotel revenue per available room (revpar) slumped by 20.1% in London and by 14.7% in the provinces in the week ending 18 July 2009, according to figures from hospitality research company STR Global. London revpar fell to £119.98, down from £150.11 in the equivalent week of 2008.
Posted: 05 August 2009 | 07:00
Is the unstoppable growth of the budget sector and the fashionable appeal of the boutique brands squeezing independent hotels out of the market? Mark Lewis reports.
Posted: 31 July 2009 | 11:32
After months of tumultuous trading conditions which saw insolvencies soar and occupancy levels plummet, the hotel industry is beginning to see some light at the end of the tunnel. Recent figures from PKF Hotel Consultancy Services show that hoteliers across the UK experienced a difficult ...
Posted: 30 July 2009 | 10:00
Neil Morgan, head of pubs at Christie + Co, has seen glimmers of hope that the pub market could be recovering from the double whammy of credit crunch and the smoking ban, as buyers see opportunities offered by lower prices and asking prices are realistic.
Posted: 30 July 2009 | 00:00
Beer sales in UK pubs are this year falling at a slower rate than the supermarkets, according to latest figures reported by the British Beer and Pub Association. Pub beer sales are down 4.5% compared to the second quarter in 2008 – the equivalent of 4.2m fewer pints - and were down 6.3% in the first quarter ...
Posted: 29 July 2009 | 08:00
Hotel revenue per available room (revpar) dropped by 8.3% in London and by 14.2% in the provinces in the week ending 11 July 2009, according to figures from hospitality research company STR Global. London revpar fell to £120.81, down from £131.80 in the equivalent week of 2008.
Posted: 29 July 2009 | 07:00
The eating-out market is still suffering in the recession and, while diners are starting to eat out more, they are increasingly spending less, research has found. The Quickbite survey from market analyst Horizons, which questioned 1,000 consumers, found that more than two thirds...
Posted: 23 July 2009 | 12:26
More than 50 pubs are now closing every week in Britain, equating to more than seven a day, the British Beer and Pub Association (BBPA) has warned. Some 2,377 pubs have closed in the last 12 months leading to a loss of 24,000 jobs, according to the figures compiled by marketing company CGA Strategy.
Posted: 22 July 2009 | 08:30
Hotel revenue per available room (revpar) dropped by 3.4% in London and by 14.1% in the provinces in the week ending 4 July 2009, according to figures from hospitality research company STR Global. London revpar fell to £127.33, down from £131.77 in the equivalent week of 2008. shrank by 6.7% to £140.68
Posted: 22 July 2009 | 07:30
The latest chain-menu additions are all about helping diners conserve cash and calories, but the underlying trend is giving consumers what they want, exactly how they want it.
Posted: 20 July 2009 | 17:15
Chains drive interest with new renditions of ice-cold consumer favorites.
Posted: 20 July 2009 | 16:46
Pizza chains are broadening their menus with value-oriented pastas designed to beat veto votes.
Posted: 20 July 2009 | 16:35
A bad end to the week with news in this morning that the Ritz Carlton and Marriott hotels in Jakarta have been hit by two bomb blasts overnight killing at least nine people and injuring 48.
Posted: 17 July 2009 | 15:37
Upscale London hotels risk losing their image of exclusivity if they continue to maintain occupancy levels at the expense of daily rate, warns property agent Christie + Co in its latest city review.
STR Global’s latest figures suggest that the capital’s upscale hotels ...
Posted: 17 July 2009 | 14:34
National tourism agency VisitBritain has painted a gloomy picture of the state of UK tourism based on latest international visitor figures. The number of overseas visitors to the UK during May was down 14% on last year while the number of visitors for the first five months of this year decreased by 12%.
Posted: 16 July 2009 | 14:18
The collapse of Coffee Republic has hailed the start of a challenging time for the branded coffee chain market, a report has warned. The study, by market analysts Key Note, found that the branded coffee chain sector has come under intense competition as consumers decrease ...
Posted: 16 July 2009 | 14:08
Hotel revenue per available room (revpar) dropped by 8% in London and by 9.6% in the provinces in the week ending 27 June 2009, according to figures from hospitality research company STR Global. London revpar fell to £131.44, down from £142.85 in the equivalent week of 2008.
Posted: 15 July 2009 | 10:30
The amount spent on eating out of the home in the UK has fallen for the first time in 40 years as a result of a shift in consumer expectations that will continue after the recession, according to a new report commissioned by McDonald’s. The report, Eating Out in the UK 2009 ...
Posted: 15 July 2009 | 07:30
British caterers may have completely under-estimated the public interest in flavoured coffee, according to research by flavour supplier Taylerson’s Malmesbury Syrups.
Posted: 14 July 2009 | 15:41
The UK pub market is continuing to suffer from landlords’ high rent demands which tenants are unable to meet. The findings were announced this morning by property agent Fleurets in its Survey of Rentals in the Public House markets (2007-2008), which focused on ...
Posted: 13 July 2009 | 17:19
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