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Hotel Chat

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Monday, October 20, 2014

Tory MPs urge George Osborne to cut VAT on hotels and attractions

Dozens of Conservatives MPs are calling on George Osborne to cut VAT on hotels and tourist attractions as fears rise about the advance of the UK Independence party in coastal constituencies at the general election.

The Cut Tourism VAT campaign, supported by 87 MPs, has called for value added tax to be reduced from 20 per cent to 5 per cent, bringing the UK closer to other European countries.

VAT on hotel stays is charged at 6 per cent in Portugal and 7 per cent in Germany. In the Netherlands and Belgium the rate is 6 per cent in hotels and theme parks. Read More »

Friday, September 05, 2014

Hotel revPAR reaches pre-recession levels

Hotels in eight out of 12 UK cities included in the Hotel Bulletin for Q2 2014 achieved revenues per available room (revPAR) above pre-recession levels.

Aberdeen, Bath, Edinburgh, Glasgow, Leeds, Manchester and London outperformed their 2008 results in the second quarter of this year, while Cardiff reached the same levels.
Belfast, Birmingham, Liverpool and Newcastle were still below 2008 levels despite revPAR growth in all cities. Read More »

Wednesday, August 27, 2014

Occupancy and ADR rise in July

UK hotels enjoyed high occupancy and average room rate in July, according to the latest
figures released by accountancy firm BDO LLP.

Occupancy in the regions grew by 2.9 per cent to 82.8 per cent thanks to the extra visitors
brought by the Commonwealth Games in Glasgow and the British Open in Liverpool.
Average room rate in the regions also increased by 11.7 per cent, to £62.56 bringing room yield to £51.79, up 14.9 per cent on last year. Read More »

Wednesday, July 09, 2014

Cut Tourism VAT Campaign hits Westminster

Campaigners drove a 'mobile beach' from Downing Street to Parliament Square as a part of the ongoing campaign to cut UK tourism VAT to 5 per cent. Read More »

Friday, June 06, 2014

2014 Business Travel Survey: GDS booking volumes still rising

For all the talk of their ultimate demise, global distribution systems process growing volumes of travel transactions. They slowly are starting to accommodate sales of airline ancillary items and provide an array of services to travel management companies, corporate buyers and travelers.
Amadeus is the most profitable of the three and has been posting the highest revenue growth rates. By its measure of booking volume, it's setting the pace, and by its measure of travel agency air booking market share, it's the largest and growing (up to 39.9 percent in the first quarter).

Within Sabre Travel Network, first-quarter direct billable bookings increased 4.4 percent year over year, and Sabre claimed its "booking share" improved marginally to 35.4 percent. CFO Rick Simonson said the company expects Travel Network booking growth between 2.5 percent and 3 percent for full-year 2014.

Travelport's number of segments processed during the first quarter increased 2 percent year over year after a 1 percent increase during 2013. Its market share, though, appears to lag Amadeus and Sabre. Travelport has been growing "beyond air" activities, including those related to hospitality and payment. Read More »