Serviced Apartments

OCTOBER 31, 2024

Reading Time: 7 minutes UK: UK Chancellor Rachel Reeves MP has delivered a Labour Budget for the first time in 14 years as the government warned of “difficult” decisions to “restore economic stability” and plug a £22 billion black hole in public finances that was estimated by the Office for Budget Responsibility [OBR]. an hour [a 6.7

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Hotel Owner

OCTOBER 30, 2024

The Chancellor Rachel Reeves has increased employers’ national insurance contributions in a bid to help raise as much as £40bn in taxes, pledging to also boost long-term growth and “mark an end to short term-ism” as part of Labour’s first budget since it came into power. an hour from April, up from the current pay of £11.44. from £8.60

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Budgeting 52

Hotel Owner

OCTOBER 31, 2024

The hospitality industry has criticised chancellor, Rachel Reeves’ first budget, with UKHospitality claiming it is the “latest blow” to the sector’s recovery. She also confirmed the continuation of the business rates relief from April 2025 for hospitality venues, but at a lower rate of 40% instead of the current 75%.

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Hospitality Net

NOVEMBER 4, 2024

With the 2025 budgeting season in hospitality underway, it’s not too late to compare marketing spend in hospitality to the broader economy. As per Gartner CMO Spend Survey, the average 2024 marketing budgets are 7.7% of total revenue, the lowest post-pandemic spend.

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Serviced Apartments

MARCH 6, 2024

UK: In the Spring Budget 2024, Chancellor Jeremy Hunt revealed the government will freeze alcohol duty and cut National Insurance, as well as raise the VAT threshold for small businesses to £90,000. In today’s Spring Budget, Hunt outlined plans to increase the VAT registration threshold from £85,000 to £90,000 for small businesses.

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Budgeting Travel and Tourism Catering Pricing 52

Hotel Owner

APRIL 5, 2023

UK lifestyle aparthotel brand Native Places has unveiled “ambitious” growth plans, with the opening of five new hotels lined up over the next two years as part of a “committed” 2025 vision. The group’s 2025 vision follows a successful year where revenue was 4% higher than predicted in 2022, with direct bookings up 24.2% day to 2.5-3

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Hotel Owner

JULY 31, 2024

UKHospitality has called changes to the Low Pay Commission’s (LPC) remit for 2025 “disruptive and unhelpful”, claiming that wages rates must strike an “affordable balance to help deliver growth for both businesses and staff”. After all, this is the basis upon which hospitality businesses have been planning and budgeting. “As

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Hospitality Net

SEPTEMBER 24, 2024

Hotel budget season is upon us, and the hotel industry remains fixated on the usual concerns and challenges that are repeated throughout the year, such as the need for improved labor efficiency, strategies to reduce wasteful spending, technology to manage operations, and innovations to optimize revenue.

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Hotel Owner

MARCH 7, 2024

The Bristol Hoteliers Association (BHA) has expressed its frustration at the outcome of the Spring Budget, saying that the government has once again left businesses “out in the cold” to face extremely challenging times with little support.

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Hotel Owner

MARCH 6, 2024

Chancellor Jeremy Hunt has announced a further 2p cut to National Insurance falling from 10% to 8% from 6 April, as part of his Spring Budget for “long-term growth”. This cut to National Insurance follows the 2p cut announced by Hunt in the Autumn Budget last year. The level of corporation tax was also left unchanged. this year and 1.9%

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Budgeting 52

Hospitality Net

OCTOBER 24, 2024

The property formerly operated as the budget hotel "Century Antwerp" and will see a&o invest 4 million euros in renovations between now and early 2025 as the company adds it’s 41st opening to locations in 11 European countries.

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Budgeting 80

7 Shifts

OCTOBER 22, 2024

By focusing your ads on local users, you make your marketing budget more effective. It’s especially useful for local restaurant marketing because it guarantees your ads are seen by people who are within range to physically visit your business. Google Ads allows you to set specific location parameters for your ads.

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Serviced Apartments

APRIL 4, 2023

This follows the company’s performance for F&B in 2022 achieving 12 per cent above budgeted revenues. The post Native Places to open five new aparthotels by 2025 appeared first on Serviced Apartment News.

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Hotel Owner

OCTOBER 8, 2024

SimpsInns has announced a £3m investment to build a sea-view spa at The Waterside Hotel in West Kilbride, Ayrshire, set to open in spring 2025. This move ensures that the hotel can be completed swiftly without further strain on the council’s budget. Approval for the sale is expected in mid-October.

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Travel and Tourism Budgeting Catering 98

Hospitality Net

SEPTEMBER 9, 2024

Using expert insights from a variety of travel sectors—from ultra-luxury trends a la onefinestay, to budget-travel insights from a&o Hostels, to family travel predictions from Evermore Orlando Resort, and much more, see below for the top five travel trends for fall/winter 2025, providing a snapshot of what to expect for the next 6 months in travel, (..)

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Budgeting 40

Hospitality Net

MAY 2, 2023

In Spring 2025, The Elsby Hotel will debut as a full-service, 82-room boutique hotel in the heart of New Albany, IN. With a total development budget of $29 million, renovation and new construction will begin in late Spring 2023. Jacob Resch, property and project manager, estimates the creation of up to 100 new jobs.

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Budgeting 98

Hotel Owner

OCTOBER 21, 2024

Jill Anderson, Whitbread’s acquisitions manager, noted the company’s expertise in transforming office buildings into budget hotels, emphasising the environmental benefits of repurposing existing structures. Additionally, Garner will debut in Vienna, Maastricht, and Istanbul by 2025.

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Hotel Owner

NOVEMBER 17, 2022

in 2025 and 2.7% Other measures announced in the budget include: . A £3.3bn increase the NHS budget over the next two years. From April 2025, electric cars will no longer be exempt from Vehicle Excise Duty. Defence budget to remain at least 2% of GDP. Defence budget to remain at least 2% of GDP.

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Hotel Owner

JANUARY 2, 2024

Prime minister Rishi Sunak must call a General Election before 28 January 2025, five years since the current Parliament first sat. The government has also confirmed that chancellor Jeremy Hunt will deliver his Spring budget on 6 March 2024.

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Modern Restaurant Management

OCTOBER 30, 2024

United States : Operators are focusing on deal strategies that help consumers manage tight budgets without pushing them to trade down from premium occasions. "For 2025, we believe restaurants will continue to use the price lever as part of their value proposition, but it can’t be the only lever.

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Pricing Budgeting Communication Magazine 100

Hotel Owner

AUGUST 16, 2024

Travelodge, the UK budget hotel chain, which operates over 600 hotels across the UK, Ireland and Spain, has announced that it has exchanged contracts for two new hotels on the east coast of England. Skegness Travelodge is expected to be open in time for Summer 2025. We are looking forward to opening both in time for Summer 2025.”

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Hotel Owner

OCTOBER 25, 2024

Scheduled for a 2025 opening, the hotel will showcase CitizenM’s modern style, including XL king beds and rain showers, with interiors crafted by CitizenM’s in-house design team and Amsterdam-based Concrete.

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Hotel Owner

OCTOBER 10, 2024

However, the work is far from complete, with plans to finish the remaining Mercure rooms and further develop the conference center by mid-2025. Looking to the future With the project set to be fully completed by mid-2025, Hayden is optimistic about the future of the Mercure and Ibis London Earls Court Hotel.

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Catering Events Marketing Budgeting 119

Hotel Owner

OCTOBER 16, 2023

Budget operator EasyHotel reported a significant revenue increase in the first half of the year, with a 45% rise in Revenue Per Available Room (RevPAR) across its properties. Their offerings focus on quality, budget-friendly, and eco-friendly accommodations, making them attractive to a wider audience.

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Revenue Hub

AUGUST 1, 2024

NB: This is an article from Triptease , one of our Expert Partners Subscribe to our weekly newsletter and stay up to date Google has announced that their planned removal of commission bidding on metasearch will be pushed back from October 2024 to February 2025. Who does the CPC model work best for?

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Budgeting Book Article Blog 95

Hotel Owner

JULY 11, 2024

The report stated that growth will moderate in 2025 but continue, albeit at a slightly lower rate of 6% next year and 7% in 2026. Work is expected to increase across the spectrum from budget hotels to high-end schemes. A 12% rise in the underlying value of projects securing detailed planning permission in 2023 will fuel this rise.

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Budgeting Scheduling Marketing 52

Modern Restaurant Management

NOVEMBER 12, 2024

A Critical Time for Restaurants to Address Severe Weather Preparedness As 2025 approaches and restaurants begin to outline operation protocols, emergency preparedness must be included in their budget and operations planning.

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Training Communication Information Events 100

Modern Restaurant Management

DECEMBER 21, 2020

Indeed, what the restaurant industry thought was on the horizon for 2025 will be implemented in 2021. Current technology allows them to start small with proof of concept and then ramp up to meet both needs and budgets. In reacting to COVID-19 the critical role and importance of technology saw a rapid acceleration.

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Hotel Owner

OCTOBER 16, 2023

The hotel is expected to be completed in Q1 2025 and will be let to Travelodge on a new 35-year lease, with five -yearly, index-linked rent reviews with caps and collars. Therefore, to help fill this growing gap, we are actively searching for over 100 new hotel sites across the Capital.

Budgeting 97

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Serviced Apartments

JULY 18, 2024

The first surveyed 104 US-based corporate travel managers, executives, and travel budget oversight between 16th-28th May 2024. Key findings from the report includes: • Most travel managers expect their companies’ spend to grow in both 2024 (73 per cent) and 2025 (58 per cent).

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Hotel Business

FEBRUARY 27, 2024

and Catskills, NY, with Asheville, NC, and Sequoia, CA, opening this summer and Hill Country, TX, in 2025. “We Hilton Honors members will be able to earn and redeem points and have access to exclusive member benefits while staying in Auto Camp locations across the U.S.,

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Budgeting Marketing 59

Revenue Hub

MAY 3, 2024

This cautious approach to technology is often explained by the tight budgets and margins. It mandates the adoption of the EUDI Wallet by all member states by 2024/2025. This might seem surprising in today’s tech-driven world, but I understand there are a few reasons behind this hesitation.

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Hotel Business

APRIL 12, 2023

-based and European executives with travel budget oversight, fielded between Feb. Full recovery following the pandemic appears likely by late 2024 or early 2025. and 45% in Europe say they are in the process of implementing a structure to assign carbon-emission budgets to teams alongside financial budgets.

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Hotel Business

JUNE 5, 2023

In collaboration with Whitman Peterson , we expect to break ground on three Project MidX Studios this year, with anticipated openings in late 2024 or early 2025. Marriott’s track record in extended-stay and strong owner value proposition are compelling and driving our interest in growing this brand within our portfolio.”

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Pricing Budgeting Marketing 98

Revenue Hub

FEBRUARY 20, 2024

Additionally, Google has announced that reconciliation for commissions per stay will be available for nine months post-deprecation (until July 31, 2025) providing hotels with ample time to manage any outstanding commission-based transactions. What does this mean for your hotel? First, it’s essential to understand the need for this transition.

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Budgeting Article Marketing Pricing 92

Revenue Hub

APRIL 14, 2023

-based and European executives with travel budget oversight, fielded between Feb. Full recovery following the pandemic appears likely by late 2024 or early 2025. and 45% in Europe say they are in the process of implementing a structure to assign carbon-emission budgets to teams alongside financial budgets.

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Accounting Events Budgeting Pricing 79

Revenue Hub

AUGUST 28, 2024

The start of a new year brings fresh budgets, resolutions to reconnect with loved ones, and newly engaged couples plotting their nuptials. As we anticipate further economic pressures in 2025, strategic investment in advanced event management software will be paramount.

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Events Scheduling Catering Book 77