Copyright 1995-2010 Hsyndicate http://www.hsyndicate.org/organization/17005284.html Latest news, events, photos and more from PKF - Hotel Consultancy Services (UK) en-us Sat, 13 Mar 2010 08:42:53 +0100 cs@hsyndicate.com (Hsyndicate) info@hsyndicate.com (Hsyndicate) Hsyndicate RSS FeedGenerator 5 http://www.hsyndicate.org/news/154000320/4041432.html http://www.hsyndicate.org/news/154000320/4041432.html Fri, 15 May 2009 09:01:11 +0200 Airports throughout the world strive to provide the best level of service and facilities that enable them to stand out in an increasingly competitive environment. They are a ‘gateway’ and in many cases a major employer, offering influential infrastructure that ultimately benefits (and in some cases drives and sustains) long term local and national economic growth. The age of aviation has changed forever driven by the advent of low cost carriers and globalisation. The same can be said of airports that have evolved from merely being a port to a destination (as they now market themselves), and competition for attracting major carriers (and therefore the ability to serve more destinations) increases. http://www.hsyndicate.org/news/154000320/4041079.html http://www.hsyndicate.org/news/154000320/4041079.html Mon, 27 Apr 2009 15:26:26 +0200 Hotels across the UK experienced further falls across occupancy, room rate and rooms yield in March, according to monthly figures released today by PKF Hotel Consultancy Services. Direct year on year comparisons are hard to make when Easter falls in different months, which is the case between 2008 and 2009, but nonetheless the figures suggest that the economic downturn continued to affect the capital. http://www.hsyndicate.org/news/154000320/4038827.html http://www.hsyndicate.org/news/154000320/4038827.html Thu, 27 Nov 2008 11:37:38 +0200 Hotels across the UK mostly experienced a slow October in terms of both occupancy and rooms yield, according to preliminary monthly figures released today by PKF Hotel Consultancy Services. Room rate increased in some cities and both Liverpool and Leeds bucked the downward trend. In the capital, room rate rose 0.1% on last year to £147.45, but the slowdown in business travel meant occupancy saw a 3.2% decline from 86.5% to 83.8%. Overall, this meant rooms yield was down 3.1% from £127.58 last year to £123.61 this year. http://www.hsyndicate.org/news/154000320/4038347.html http://www.hsyndicate.org/news/154000320/4038347.html Tue, 28 Oct 2008 10:38:26 +0200 UK hoteliers saw visitor numbers decline in September and, as a result of some softening in demand, room rates have declined as the fallout from the turmoil in the markets affected business travel, according to preliminary monthly figures released today by PKF Hotel Consultancy Services. The decreases were relatively small so fundamental occupancy levels still remain strong across the majority of the country. http://www.hsyndicate.org/news/154000320/4038115.html http://www.hsyndicate.org/news/154000320/4038115.html Thu, 09 Oct 2008 12:57:41 +0200 What drives investment in luxury hotel assets? Is it the perception that this asset class is more stable and therefore could provide a more consistent level of return? Is it because luxury hotel assets can deliver higher returns than other investments? Or is it that the desirability and scarcity value together evoke an emotional attachment that ultimately entices investors? There are clear links between economic activity/prosperity and visitation on a luxury hotel’s performance, and ultimately on the decision to invest in these assets. But these are not the only reasons. There is evidence to suggest that luxury hotel assets do not necessarily deliver the highest returns when compared to, say, other property investments. However, there may be other elements, such as desirability and status, that could well be influencing factors. http://www.hsyndicate.org/news/154000320/4037884.html http://www.hsyndicate.org/news/154000320/4037884.html Thu, 25 Sep 2008 13:41:05 +0200 Hotels across the UK were able to maintain steady occupancy levels, room rate and rooms yield figures in August despite the gloomy weather that set in across the country, according to preliminary monthly figures released today by PKF Hotel Consultancy Services. http://www.hsyndicate.org/news/154000320/4037442.html http://www.hsyndicate.org/news/154000320/4037442.html Wed, 27 Aug 2008 12:56:05 +0200 Hotels in the capital experienced a very healthy July with significant growth in both room rate and occupancy, according to preliminary monthly figures released today by PKF Hotel Consultancy Services. Hotels across the rest of the country maintained steady growth. In London, figures were buoyed by visitors travelling to the summer events hosted by the capital such as The Proms, the Hampton Court Palace Flower Show and the summer opening of Buckingham Palace. http://www.hsyndicate.org/news/154000320/4037234.html http://www.hsyndicate.org/news/154000320/4037234.html Tue, 12 Aug 2008 13:13:49 +0200 UK hoteliers had another steady month in June with most reporting increased rooms yields, according to preliminary monthly figures released today by PKF Hotel Consultancy Services. In London, room rate was the main driver rising from £148.14 to £158.51 – an increase of 7.0% between 2007 and 2008. Occupancy dipped by 2.6% in the capital, but this is most likely due to the beginning of the holiday season affecting business travel. Overall, rooms yield rose a healthy 4.3% in London. /file/152003469.pdf /file/152003469.pdf Tue, 12 Aug 2008 13:09:11 +0200 UK hoteliers had another steady month in June with most reporting increased rooms yields, according to preliminary monthly figures released today by PKF Hotel Consultancy Services. In London, room rate was the main driver rising from £148.14 to £158.51 – an increase of 7.0% between 2007 and 2008. Occupancy dipped by 2.6% in the capital, but this is most likely due to the beginning of the holiday season affecting business travel. Overall, rooms yield rose a healthy 4.3% in London. http://www.hsyndicate.org/news/154000320/4036987.html http://www.hsyndicate.org/news/154000320/4036987.html Tue, 29 Jul 2008 10:08:32 +0200 UK hoteliers had another steady month in June with most reporting increased rooms yields, according to preliminary monthly figures released today by PKF Hotel Consultancy Services http://www.hsyndicate.org/news/154000320/4036595.html http://www.hsyndicate.org/news/154000320/4036595.html Fri, 27 Jun 2008 11:14:38 +0200 Despite current economic concerns, hoteliers across the UK reported steady levels of growth in May, according to preliminary monthly figures released today by PKF Hotel Consultancy Services. http://www.hsyndicate.org/news/154000320/4036117.html http://www.hsyndicate.org/news/154000320/4036117.html Thu, 29 May 2008 15:15:51 +0200 UK hoteliers’ recorded robust levels of growth in April with both occupancy and room rate consistently high across the country, according to preliminary monthly figures released today by PKF Hotel Consultancy Services. In contrast to March, where the early Easter break meant a decline in business travellers compared to 2007, it was the 2007 Easter break which meant the figures for April 2008 were so buoyant. http://www.hsyndicate.org/news/154000320/4035786.html http://www.hsyndicate.org/news/154000320/4035786.html Mon, 05 May 2008 16:58:07 +0200 The UK hotel industry had an impressive 2007, rounding off a period of robust growth in the industry over the last few years and placing it in a strong position to the weather the current global economic storm, according to Hotel Britain 2008, PKF’s definitive guide to the performance and prospects of the UK hotel industry. http://www.hsyndicate.org/news/154000320/4035673.html http://www.hsyndicate.org/news/154000320/4035673.html Thu, 24 Apr 2008 17:15:27 +0200 It is clear that companies and individuals would only invest in projects as long as the rate of return on investment is attractive. The definition of ‘attractive’ can vary, with some investors desiring higher rates of return based on the risk profile of a particular project, for example, in higher risk areas it is not uncommon for investors to seek higher rates of compensation for their capital. http://www.hsyndicate.org/news/154000320/4035418.html http://www.hsyndicate.org/news/154000320/4035418.html Fri, 04 Apr 2008 16:08:32 +0200 The UK hotel market remained buoyant in February, according to the preliminary monthly figures for February released today by PKF Hotel Consultancy Services. As in January, the increases were mainly down to increases in room rate, but occupancy rates also fared well. In London, growth continued apace with room rate rising by 5.8% on 2007 from £123.42 to £130.61. With occupancy remaining static at 77.7%, the overall growth in rooms yield saw a rise from £95.92 last year to £101.45 this year. /file/152003207.pdf /file/152003207.pdf Fri, 07 Dec 2007 12:34:48 +0200 NO TOWN, LET ALONE ANY UPMARKET DEVELOPMENT, seems complete without a big-brand hotelier to boost its credentials, but is the industry’s boom coming to an end? With the credit crunch biting other parts of the property industry, are hotels safe? And what of environmental concerns, theweak dollar and a lack of sites? But the crucial question everyonewas considering at Property Week and PKF’s Hotels UK conference in central London last week was: where’s the money? Tim Helliwell, head of hotel finance at Barclays, attempted an answer for the 170 delegates. ‘Traditionally you have lenders who lend straight off the balance sheet and then you have debt that is packaged and sold on, but the more sophisticated end of themarket is shut down,’ he said. http://www.hsyndicate.org/news/154000320/4033999.html http://www.hsyndicate.org/news/154000320/4033999.html Tue, 04 Dec 2007 00:00:00 +0200 NO TOWN, LET ALONE ANY UPMARKET DEVELOPMENT, seems complete without a big-brand hotelier to boost its credentials, but is the industry’s boom coming to an end? With the credit crunch biting other parts of the property industry, are hotels safe? And what of environmental concerns, theweak dollar and a lack of sites? But the crucial question everyonewas considering at Property Week and PKF’s Hotels UK conference in central London last week was: where’s the money? Tim Helliwell, head of hotel finance at Barclays, attempted an answer for the 170 delegates. ‘Traditionally you have lenders who lend straight off the balance sheet and then you have debt that is packaged and sold on, but the more sophisticated end of themarket is shut down,’ he said. http://www.hsyndicate.org/news/154000320/4033067.html http://www.hsyndicate.org/news/154000320/4033067.html Tue, 25 Sep 2007 00:00:00 +0200 Following a three year review on the treatment of tips and cash payments in the hospitality sector (known as “Operation Gourmet”), HMRC issued new guidelines in June 2006 and are now stepping up their PAYE compliance reviews of restaurant and hotel businesses. http://www.hsyndicate.org/news/154000320/4032194.html http://www.hsyndicate.org/news/154000320/4032194.html Wed, 11 Jul 2007 00:00:00 +0200 The major reforms proposed for capital allowances in this year’s Budget came as a ‘bolt out of the blue’ for the hotel sector. From 2008/09 these changes could substantially reduce the reliefs available to Hotels. If these proposed changes are included in the 2007 Finance Act (expected at the end of July), it is likely that they will drive up the cost of staying in Britain’s hotel rooms and hit the country’s tourism industry. http://www.hsyndicate.org/news/154000320/4030787.html http://www.hsyndicate.org/news/154000320/4030787.html Tue, 27 Mar 2007 00:00:00 +0200 Over the past few years, institutional investments in UK hotels have grown, particularly from private equity firms, general property funds and banks. However, ownership of hotel assets by UK life and pension funds, which are amongst the biggest investors in UK properties, remains minimal relative to their total property portfolio.