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The dangers ahead for independent hotel owners

“Skate to where the puck is going, not where it has been!” Walter Gretzky, the most famous Canadian ‘Hockey Dad’ and father of the ‘Great One’ Wayne Gretzky, uttered those wise words of advice when coaching his young son on the small backyard rink behind his house in Brantford. We all now that the young boy grew up to be the best hockey player in the world, and much is due to his father who taught him not only how to play, but also how to think ahead in the…

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Summer 2021 staycation market set for 22% spending surge

Demand for staycations is set to reach a decade high as domestic holidaymakers are expected to spend £7.1bn this summer. According to research conducted by market research firm, Mintel, the UK’s staycation industry will experience a 22% surge in spending, up from £5.8bn in 2019. While domestic holidays for the entirety of 2021 will reportedly remain 11% below pre-pandemic levels, Mintel said the market is on line to fully recover by 2022. Marloes De Vries, associate director at the market research group, said: “The UK holiday market will continue to…

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Hotel afternoon tea. Photo by Sebastian Coman Photography on Unsplash (1)

Lower taxes provide advantage to UK tourism

The UK is reportedly “doing more” to support its tourism industry than other European countries due to having lower taxes, according to a new study by UHY.  The firm found that the average tourist in the UK pays only 7.8% in tax on a “typical daily spend”, compared to the European average of 11.3%. UHY said the lower tax rate is due to an emergency cut in VAT on restaurant meals in the UK, adding that the government could keep that low tax rate in place and consider other emergency reductions in…

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