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

Serviced Apartments

. • Business rates for retail, hospitality and leisure properties There will be a permanently lower business rates multiplier f0r retail, hospitality and leisure [RHL] properties from 2026/2027. A 40 per cent relief on business rates will be provided with a cap of up to £110,000 per business for 2025 and 2026. •

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Identifying Ancillary Revenues and Driving Additional Revenues

Revenue Hub

A Global Business Travel Association (GBTA) report estimated a full recovery of global business travel by 2026 – a result of many factors such as the Russian-Ukraine conflict causing inflation, high energy prices, labor shortages, supply chain, and frequent lockdowns in the world’s largest nation, China.