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UK Budget to raise taxes by £40bn: Hospitality industry reacts

Serviced Apartments

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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WTTC: Consumers shift toward sustainable travel

Hotel Business

A new report by World Travel & Tourism Council (WTTC) and Trip.com Group, together with Deloitte, reveals a heightened appetite for sustainable tourism among consumers, with 69% of travelers actively seeking sustainable travel options. But 2023 is looking even better in terms of travelers’ spend.

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Spring Budget 2024: How it will affect hospitality businesses

Serviced Apartments

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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Today’s news in brief – 8/10/24

Hotel Owner

This launch includes tailored packages for families, celebrations, and business travellers. The Pierhouse Hotel in Port Appin, Argyll, was honoured as the ‘Tourism and Hospitality Employer of the Year’ 2024 at the Highlands and Islands Thistle Awards. Approval for the sale is expected in mid-October.

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Hospitality Industry News and Reports

SiteMinder

Table of contents Latest news in the hospitality industry A year of increased stability and growth At the beginning of 2023 the focus was firmly on growth, particularly given the effects of COVID on the travel sector over the preceding years. Almost one in five hotel rooms booked online are cancelled prior to travel.

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IHM’s topsy-turvy Z-A: What to expect in hospitality and real estate in 2023

Boutique Hotel News

Z is for zero carbon Probably the biggest issue facing the real estate sector – and by extension travel and tourism – is reaching net zero carbon, both in construction and operationally. Having a period without travel has made people appreciate their holidays even more.”