Uk Hotel Market News

Jupiter Hotels expands UK property portfolio

Jupiter Hotels expands UK property portfolio

28th Mar 2014 Hotel News

Jupiter Hotels has added five new hotels to its portfolio, taking its collection of owned and managed properties from 26, up to 31 across the UK. The agreement announced today with Choice Hotels, will see all five hotels join the Jupiter Hotels portfolio under management contracts with immediate effect, remaining under Choice Hotels’ Quality and Clarion Collection brands.

Travelodge to open 26 new UK hotels

Travelodge to open 26 new UK hotels

7th Jan 2010 Hotel News

Travelodge has announced plans to open 26 new hotels in the UK this year in a programme worth £115m. The expansion will create over 2,000 rooms as well as 500 new jobs within the budget hotel chain.

London hotels post strong recovery

London hotels post strong recovery

5th Jan 2010 Hotel News

Hotels in London have reported an upturn in revenue per available room in the final quarter of 2009, proving the lure of capital come boom or bust. However regional hotels are still continuing to suffer “worrying” falls in revPAR and occupancy, according to new figures from Deloitte.

Travelodge raises £100m expansion fund for 2012 Olympics

Travelodge raises £100m expansion fund for 2012 Olympics

11th Dec 2009 Hotel News

Travelodge is stepping up its expansion ahead of the 2012 London Olympics by raising £100m for new hotels. The fund is being created by Twenty10 Fund Management, and will be used to build five hotels every year in UK cities. Travelodge will occupy these on leases of 25 to 35 years.

London tops European hospitality

London tops European hospitality

18th Nov 2009 Hotel News

London has come out top in study into European hotel occupancy rates. The quarterly report by Deloitte proved grim reading, with revPAR rates across Europe down 19.2% over the past quarter to €58, with Glasgow and Edinburgh the only two cities to show positive occupancy growth.

Travelodge marches on with UK expansion

Travelodge marches on with UK expansion

17th Nov 2009 Hotel News

Travelodge is continuing its UK expansion with by announcing three new budget hotels in Manchester and Edinburgh, as part of a £50 million programme that includes a total of ten new properties.

London hotels have defied the downturn

London hotels have defied the downturn

21st Oct 2009 Hotel News

The occupancy levels in London’s hotels has seen only a marginal decline compared to the rest of UK this year and the capital is resilient in the face of the slowdown in tourist numbers, according to figures released this week by Deloitte.

UK hotels face falling prices

UK hotels face falling prices

18th Sep 2009 Hotel News

New data showing the scale of the battle facing UK hotels where average room rates will fall back to 2005 levels over the next 12 months and the industry will not move into recovery mode until late next year.