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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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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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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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Travelodge acquires St Pauls office building in conversion deal

Hotel Owner

Conversion works are anticipated to begin in early 2026, with the hotel to be open for trading in the first quarter of 2027. Following a comprehensive review of gaps in the market, Travelodge sees “significant” growth opportunities in the UK and has over 300 target locations identified.

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34 Restaurant Marketing Ideas: How To Market Your Restaurant in 2024

7 Shifts

This is where being well-equipped with a fool-proof restaurant marketing plan comes in. After analyzing the latest industry trends, viral content, and successful campaigns, we have developed an all-in-one marketing guide to help you craft your strategy to attract new customers and keep your previous diners coming back. a boycott).

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LivAway Suites debuts first hotel

Hotel Business

According to West77 Partners, the developer of the hotel, the project was completed on schedule and well below budget. “A lot of brands are trying to get into the economy extended stay market, but LivAway Suites has incorporated decades of learning into its hotel design and operating system. .

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LivAway Suites officially opens first property

Serviced Apartments

Salt Lake City was recently named the top job market in the country by the Wall Street Journal and became the first flag on the map for the economy extended stay brand. Our budget savings on this project are evidence of that.”