Europe’s hotels are now back to pre-pandemic profit levels, with gross operating profit per available room hitting €95 in June 2022, slightly higher than the same month in 2019, according to the latest data from HotStats.
Capital raising from UK-listed travel corporates fell significantly in H1 2022 as concerns over growth and inflation were compounded by war in Ukraine and economic uncertainty. Travel and leisure businesses raised a total of £531m in H1 2022, down from £2.5bn in H2 2021 and £2.2bn in H1 2021.
The march of technology in hospitality, including robots replacing staff, the wider use of apps and self check-ins are among the key trends in a new report from Moore Global.
Hotel Internet Services proudly announces the latest release of its market leading IPTV based hospitality entertainment system – BeyondTV™. With a new innovative Stealth Storage Technology, BeyondTV™ now provides the ability to pause Live TV with full trick-play (Fast-forward and Rewind) capabilities while operating silently.
lmost a third (30%) of hotels and catering firms in the UK are looking to cut costs due to the rising prices of raw materials, according to research by NIG, a leading commercial insurer.
More than 500 industry leading delegates have been gathering at the Madinat Jumeirah in Dubai for the seventh Arabian Hotel Investment Conference.
The UK’s Office of Fair Trading has launched an investigation into price-fixing by hotels and travel agents, which has resulted in holidaymakers being overcharged by hundreds of pounds. Companies including Expedia and Thistle are reported to be under investigation.
Hotels are deploying new technology to combat one of the biggest expenses of room occupancy – replacing stolen towels and bathrobes. The anti-theft system uses washable radio-frequency tags stitched into towels, bathrobes and other linen which triggers an alarm if removed from the premises.