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Easyhotel’s secret to success in the budget sector

Hotel Owner

The budget hotel sector has seen major growth in the last few years as people either cut back on luxuries or want less luxury from their hotel stays. In 2022, Easyhotel’s RevPAR was up 56% and its market share increased showing strength of the budget model in the current climate.

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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].

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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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Chancellor cuts NI by a further 2p as part of Spring Budget

Hotel Owner

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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Budget: Increases to employers’ NI and minimum wage

Hotel Owner

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.

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Chancellor freezes tax thresholds in Autumn statement

Hotel Owner

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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EasyHotel sees system sales hit £62m in FY22

Hotel Owner

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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