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Spring Budget leaves hoteliers ‘out in the cold again’, BHA says

Hotel Owner

The Bristol Hoteliers Association (BHA) has expressed its frustration at the outcome of the Spring Budget, saying that the government has once again left businesses “out in the cold” to face extremely challenging times with little support.

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Spring Budget 2024: How it will affect hospitality businesses

Serviced Apartments

UK: In the Spring Budget 2024, Chancellor Jeremy Hunt revealed the government will freeze alcohol duty and cut National Insurance, as well as raise the VAT threshold for small businesses to £90,000. In today’s Spring Budget, Hunt outlined plans to increase the VAT registration threshold from £85,000 to £90,000 for small businesses.

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UKH sets out plan for 2024

Hotel Owner

Prime minister Rishi Sunak must call a General Election before 28 January 2025, five years since the current Parliament first sat. The government has also confirmed that chancellor Jeremy Hunt will deliver his Spring budget on 6 March 2024.

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Chancellor freezes tax thresholds in Autumn statement

Hotel Owner

The energy profits levy is also set to be raised from 25% to 35% from 1 January to March 2028, with the chancellor adding he had “no objection to windfall taxes if they are genuinely about windfall profits caused by unexpected increases in energy prices”. in 2025 and 2.7% Other measures announced in the budget include: .

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Today’s news in brief – 16/10/23

Hotel Owner

The group adopts a pay-on-performance model, prioritising results-based pricing over fixed costs to ensure measurable ROI. Budget operator EasyHotel reported a significant revenue increase in the first half of the year, with a 45% rise in Revenue Per Available Room (RevPAR) across its properties.

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Google Hotel Ads Bid Strategies Update: Hotel Campaigns Impact?

Revenue Hub

Additionally, Google has announced that reconciliation for commissions per stay will be available for nine months post-deprecation (until July 31, 2025) providing hotels with ample time to manage any outstanding commission-based transactions. What does this mean for your hotel? First, it’s essential to understand the need for this transition.

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Deloitte: Business travel begins to take off

Hotel Business

-based and European executives with travel budget oversight, fielded between Feb. Full recovery following the pandemic appears likely by late 2024 or early 2025. travel buyers surveyed report favorable airline pricing on positive volume expectations, compared to 54% of those in Europe. in 2023, up from fifth in 2022.