Exclusive: Hotels struggle with double whammy of staff costs and pressure on room rates June 2, 2025 Hotels struggled with falling profit in April after margins were squeezed by higher staff hosts and price pressure on rooms. UK hotel payroll costs increased from 31.6 per cent of revenue to 33.3 per cent in April year-on-year, and from 29.5 per cent to 31.4 per cent in London, according to RSM. A slight reduction [...]
The Emory London review: is this £1k per night hotel more fun than Claridge’s? May 28, 2025 INTRODUCING THE EMORYAs the hotel beloved by Princess Victoria and the late Queen and Madonna and just about everyone worthy of admiration, Claridge’s is considered by those lucky enough to go as the pinnacle of London luxury. Even if you visit once a year for their afternoon tea or to stare at the Christmas tree, [...]
Travelodge in the red amid Reeves’ £21m tax hikes May 22, 2025 Travelodge has fallen to a loss during the first three months of its financial year as it battles the tax hikes announced by Chancellor Rachel Reeves in her Autumn Budget which will cost the hotel chain more than £20m this year. The company confirmed last year that the rise in the National Living Wage will cost [...]
Easyhotel significantly slashes losses as return to profit nears May 21, 2025 Easyhotel significantly slashed its losses as it took a huge step towards returning to profit for the first time since before the Covid-19 pandemic. The London-headquartered budget hotel chain has posted a pre-tax loss of €1.8m (£1.5m) for 2024, down from the €10.5m (£8.9m) it reported for 2023. The latest pre-tax loss figure is the [...]
Duncan Bannatyne: Former Dragons’ Den star’s empire toasts record sales April 11, 2025 The health club and hotels empire run by former Dragons’ Den star Duncan Bannatyne has posted record sales as its profits surged in 2024, it has been revealed. The Bannatyne Group has reported a revenue of £149.6m for its latest financial year, up from the previous record of £138.9m which it achieved in 2023. The Darlington-headquartered group’s [...]
Britannia: Millionaire ‘Asylum King’ hotel tycoon rakes in the cash April 11, 2025 The millionaire hotel tycoon dubbed the ‘Asylum King’ is still raking in the cash despite his Britannia chain being ranked the worst in the UK. Alex Langsam founded Britannia Hotels in 1976 after opening his first site in Manchester. Langsam remains the company’s chief executive and largest shareholder while his empire also extends to budget [...]
Boutique Leicester Square hotel handed £42m price tag April 1, 2025 A recently-converted boutique hotel in London’s Leicester Square has been put on the market for £42m. The former office building on 2-5 Charing Cross Road has undergone a significant conversion project and is set to be fully operational by June. The announcement comes as former Natwest bank on London’s Piccadilly is also set to become [...]
CitizenM breaks every Paris hotel rule – here’s why I love it March 22, 2025 CitizenM Gare de Lyon breaks every Paris hotel rule, but it's one of the most memorable stays in the city, writes Anna Moloney.
Sir Andy Murray’s five-star hotel significantly cuts losses March 21, 2025 The five-star luxury hotel owned by Sir Andy Murray significantly cut its losses during its latest financial year, it has been revealed. The business behind Cromlix Hotel, which is located near the two-time Wimbledon champion’s hometown of Dunblane in Scotland, has reported a loss of £369,045 for the year to 31 March, 2024. The figure [...]
Lack of prime Mayfair houses triggers hotel and lettings boom March 17, 2025 Mayfair’s hotel and lettings sector has scooped up luxury clients left adrift by a lack of prime housing in the area, a new survey has found. With new planning restrictions and rising construction costs pushing construction to a ten-year low, wealthy visitors have turned to newly built apartments or hotel suites during their stays, according [...]