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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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. Furthermore, the OBR expects the economy to grow 0.8% this year and 1.9%

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Hotel Owner

NOVEMBER 17, 2022

Other measures announced in the budget include: . A £3.3bn increase the NHS budget over the next two years. Defence budget to remain at least 2% of GDP. He added that the OBR said the UK is now in recession, and the economy will shrink by 1.4% in 2023, followed by growth of 1.3% in 2024, 2.6% in 2025 and 2.7%

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Hotel Owner

NOVEMBER 14, 2022

Budget hotel chain EasyHotel has reported a period of strong trading as it revealed over £62m in total systems sales for the year ending 30 September 2022. Business on the books for November is already above budget and October was 78% stronger than October 2021.”.

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Hotel Owner

NOVEMBER 15, 2023

Additionally, Dalata has increased the budget available to its chefs to ensure a “hot, wholesome and healthy” meal option is always available, day or night, for people to enjoy with colleagues while on duty.

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Modern Restaurant Management

DECEMBER 17, 2024

With the Food Safety Modernization Act (FSMA) taking effect in 2026, what industry needs to know in 2025: The first step is to standardize your data. Full-service → QSR : Budgets may be tightening but expectations are still high and consumers are demanding the best of both worlds—speed and a premium experience.

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Serviced Apartments

NOVEMBER 22, 2024

Paul Duncan , chief development officer for West77 Partners, said: “With recent inflation, few developers manage to meet their budgets, let alone complete projects below budget. ” LivAway Suites plans to have 50 locations open, or under construction, by the end of 2026.

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Revenue Hub

NOVEMBER 4, 2022

A recent study from the Global Business Travel Association suggests that while there has been incremental improvement, the category is not set for complete recovery until 2026. The rise of “bleisure” is also driving reconfiguration of hotel rooms, but not all hotels have the budget to overhaul their rooms.

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Hotel Owner

DECEMBER 20, 2023

The UK currently has around 22,500 hotel rooms under construction and expected to enter the market by the end of 2026, with most due to open next year. She believes that there is no clear winner between the number of budget hotels and luxury hotels being built. These can be things such as aparthotels.

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Hotel Business

JULY 24, 2024

According to West77 Partners, the developer of the hotel, the project was completed on schedule and well below budget. Our budget savings on this project are evidence of that.” “It signals our rapid expansion as we remain on pace to have more than 50 hotels open and under construction by 2026.

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Hotel Owner

NOVEMBER 11, 2024

Conversion works are anticipated to begin in early 2026, with the hotel to be open for trading in the first quarter of 2027. Office-to-hotel conversion is a sustainable way of developing, as it allows us to meet the growing demand for budget hotels while reducing the carbon impact that new development brings.

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EATER

JUNE 3, 2022

The sweets and snacks industry generates $37 billion in sales every year, a number that is projected to rise to $45 billion by 2026 according to the National Confectioners Association, which sponsors the expo.

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Hotel Owner

JANUARY 28, 2025

Construction commenced this month and an opening of the new Travelodge hotel is targeted for the start of 2026. The budget hotel chain has a requirement to open a further five hotels in the region, with locations including Abingdon, Carterton, Henley-on-Thames, Oxford and Wantage.

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Serviced Apartments

JULY 26, 2024

Our budget savings on this project are evidence of that.” “It signals our rapid expansion as we remain on pace to have more than 50 hotels open and under construction by 2026. “This grand opening in West Jordan marks an incredible milestone for LivAway Suites,” added Dailey.

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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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Hotel Owner

NOVEMBER 11, 2024

Pending planning approval, conversion will begin in 2026, aiming to open by 2027. CEO Jo Boydell explained that converting existing office buildings supports their UK development strategy and sustainable expansion, addressing demand for budget hotels while reducing the environmental impact of new builds.

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Hotel Owner

JULY 31, 2024

The trade organisation has argued that evidence submitted to the LPC was “out of date” and that it would have been better to wait until 2026 to make changes. After all, this is the basis upon which hospitality businesses have been planning and budgeting. “As

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The Restaurant Times

AUGUST 25, 2020

Billion by 2026, at a CAGR of 17.2%. Foodservice operators on a limited budget can easily experiment with different concepts and cuisines while leveraging the benefits of a fully equipped kitchen. According to statistics, the global cloud kitchen market is expected to reach USD 2.63

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Hotel Owner

AUGUST 8, 2024

Whitbread’s Alex Flach highlighted how Premier Inn’s budget accommodations help boost local businesses and visitor economies across the UK. Lamington Group has announced plans to open a new Room2 hotel in York in 2026. The £30m development will include 116 guest rooms, a meeting space, gym, and a new cafe and bar concept.

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Hotel Owner

JANUARY 15, 2025

The hospitality sector is facing further financial challenges as decisions made in last Octobers budget begin to be implemented, the Bristol Hoteliers Association (BHA) has warned.

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SiteMinder

DECEMBER 10, 2024

The CAP Hospitality Initiative launched on July 15, 2024, with the following key phases: Initial Application Period: Applications are processed on a rolling basis starting July 15, 2024 Project Implementation: Hotels have up to 24 months to complete approved renovations Target Completion: The initiative aims to modernize 25,000 rooms by 2026 Eligibility (..)

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Hotel Owner

JANUARY 20, 2025

Alpe states that the concept has been successful in Australia and New Zealand as both countries have a large backpacker and budget-conscious traveller market, who are naturally drawn to more affordable and social accommodation options. The question is why is now the time to expand to Europe.

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Hotel Owner

SEPTEMBER 20, 2024

If approved, the levy would take effect by mid-2026 after an 18-month preparation period. However, as the levy is capped at seven consecutive nights, the impact on extended stays or high-value bookings (such as luxury hotels) may be more pronounced than on shorter, budget stays.

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Revenue Hub

DECEMBER 8, 2023

Gen Z Is Shaking Up Guest Expectations Gen Z, which includes those born between 1996 and 2010, is expected to become the largest consumer group in the US by 2026 , at 82 million. If your hotel is budgeting for technology, replacing a limited, overcomplicated, or legacy property management system is an excellent place to start.

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The Restaurant Times

MAY 12, 2020

Billion by the year 2026. Maintain strict inventory controls by tracking the inventory regularly, aligning the food and labor costs, and keeping them in line with the budget. The Operational Processes Involved In Setting Up A Cloud Kitchen Business. According to a study, the global Cloud Kitchen market is expected to reach USD 2.63

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The Restaurant Times

DECEMBER 22, 2021

Rising digitalization, increased convenience, and growth in the disposable income of Indians has made takeaway businesses more lucrative and profitable and is estimated to grow at a CAGR of 28.94% during 2020-2026. Determining Your POS Budget. Hence, it is more lucrative to open a takeaway restaurant now. Lower Operational Costs.

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Hotel Business

JUNE 4, 2024

The anticipated gains are so substantial that by 2029, nearly half of hospitality organizations are expected to earmark as much as 25% of their IT budgets for automation of services and processes, aiming to increase efficiency by 85%.

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7 Shifts

JUNE 16, 2024

Offering catering services is one low-cost marketing strategy you can take advantage of, even if you're on a tight budget. billion by 2026. This means you can run paid ads to promote your bundle deals (buy 2 boxes, get 1 liter of soda for free) or sell them per slice (so you can target students on a budget as well.)

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Les Roches

JULY 2, 2024

The thriving hospitality scene in Dubai The hospitality industry in Dubai has experienced remarkable growth over the years, to the point where hospitality in the UAE is expected to make 7 billion USD by 2026 , evolving into a global hotspot for tourism and hospitality.

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SiteMinder

FEBRUARY 25, 2024

By 2026, travel and tourism is expected to support 370 million jobs , equal to one in nine jobs globally. A US study found one in three millennials budget more than $5000 for vacations. In other news: By 2030, China will be the largest outbound tourism group with 126 million trips. million visitors in 2023 , equal to 71.6%

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Les Roches

AUGUST 12, 2022

Part of your role can include managing a group of departmental managers and overseeing budgets, sales targets, recruitment, customer complaints, building maintenance, housekeeping, and all licensing and health and safety regulations. billion by 2026, so taking on a role in hotel property management is a great way to futureproof your career.

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Modern Restaurant Management

JUNE 7, 2023

In fact, the growth of digital food management solutions from 2021 to 2026 is predicted to be $2.39 However, staffing shortages and budget constraints have made these safety practices difficult in recent years. Today, technology is revolutionizing food safety practices by enabling centralized and automated solutions.

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Modern Restaurant Management

AUGUST 25, 2021

Per the terms of the agreement, the group will build 50 new Taco John’s restaurants by March 31, 2026 with options to develop an additional 150 restaurants. Taco John’s International Inc. inked its biggest area development agreement to date with the largest Wendy’s franchisee, Meritage Hospitality Group, Inc.

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