GREAT HOSPITALITY SHOW 2017 PREVIEW Hotel Business 2017-01-19¢  Meet sports celebrities ¢â‚¬â€œ Rub shoulders,

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  • refurbishment | housekeeping technology | food and dr ink | news and v iews

    Hotel Business JANUARY / FEBRUARY 2017

    05 Q&A 08 VIEW FROM THE TOP 12 GREAT HOSPITALITY

    SHOW PREVIEW 22 BIG INTERVIEW

    THIS MONTH

    Snack attack! Soft drinks and snacks

    16

    www.hotel-magazine.co.uk

    £3.50

    10

    Wedding bells Planning the big day

    14

    Spring clean Laundry innovations

    18

    Entry systems Keys, cards and codes

    Looking for a job in hospitality?

    Check out our website www.hotel-magazine.co.uk for a choice of almost 150 new roles!

    audi t bureau c i rculat ion (7,8 19 - 1s t Ju ly 20 15 to

    30th June 20 16)

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    G R E A T H O S P I T A L I T Y S H O W 2 0 1 7 P R E V I E W

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  • 3www.hotel-magazine.co.uk

    top story

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    Welcome to the January issue of Hotel Business

    Editor @hotel_business

    Visit our website at www.hotel-business.co.uk

    LONDONCENTRIC

    Steve Holland

    The capitol accounts for half of all UK hotel investment transacted in 2016

    I nvestment into the London hotel market accounted for just over 50% of all hotel transactions in 2016, according to international real estate advisor Savills. Volumes transacted in London reached £2 billion, up on the 45.2% share of the market in 2015. Investment into the UK hotel market as a whole totalled £3.9 billion in 2016 as robust demand continues to drive activity in the sector.

    The firm notes that resilient levels of demand resulted in the deal count exceeding 220 in 2016, above the 195 reported in 2015 and even ahead of previous peaks in 2006. Overall investment volumes were down from £8.1 billion in

    2015, however both 2014 and 2015 were exceptional years due to portfolio activity, with the 2016 year end transaction volumes of £3.9 billion only 3.6% below the long term average.

    Marie Hickey, commercial research director at Savills, comments: “We were always expecting 2016 volumes to be down due to lower portfolio activity. What is key is that deal count actually increased in 2016 proving investor demand and activity has remained strong across both the London and regional markets, in spite of the result of the EU referendum.”

    Savills highlights that London’s increasing share of the market was helped

    by a number of large lot size deals including the £350 million acquisition of the former War Office by the Hinduja Group and Obrascon Huarte Lain for hotel redevelopment and the £300 million purchase of the Hilton Double Tree Tower of London by Gulshan Bhatia.

    Post the referendum vote London’s appeal to overseas investors has been aided by the favourable currency exchange with deal activity by international buyers doubling in the second half of the year with eight deals recorded post June as opposed to four in the first six months. In terms of market share, overseas investors were the most active in the sector accounting for 29.2% of 2016 transactions with volumes at £1.1 billion, according to Savills.

    The year saw an increased level of activity from private individuals and property companies with transaction volumes by these groups increasing by 152% and 65% respectively.

    Martin Rogers, head of UK hotel transactions at Savills, adds: “Hotels continue to be a favourable option for investors looking to the UK. Even in a post Brexit environment the UK, and in particular London, will continue to be attractive to visitors meaning that hotels will be in demand, and this offer of long term income will therefore make them attractive assets for investors.

    “For private investors and high net worth individuals the smaller lot sizes found in the sector are an added draw. 2017 will see continued demand for both London and regional hotels and we expect demand from Far Eastern investors to increase. In addition, we expect that further single assets will come to the market as a result of the break-up of the portfolios purchased over the last few years.”

    Although we’re already well into the new year, this is our first chance to wish you all the best for 2017.

    This year we will begin reaping the whirlwind sown in 2016 and, as yet, no clear trends have emerged. Although the weak pound was expected to attract leisure tourists to the UK post- Brexit, the British Hospitality Association Travel Monitor noted that leisure travel numbers were down considerably – 450,000 fewer passengers – compared to 2015, whilst outbound holiday passenger numbers are up. The overall UK holiday spend by overseas visitors is down 10% compared to the same year-to- date numbers for 2015.

    With outward bound passenger numbers up, could this mean a slowdown in the staycation market? It is certainly a worrying trend if continued as 4 out of 5 business in the hospitality sector are SMEs and the hospitality and tourism industry employs 4½ million people.

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    4 www.hotel-magazine.co.uk

    news

    The latest headlines from the industryNEWS

    “The majority of our respondents believe, if hotels are proactive in their response to this threat, it

    need only to be moderate”

    When immigration minister Robert Goodwill told peers that “In April this year we are bringing in the immigration skills charge for non-EEA skilled workers … and it has been suggested to us that could be applied to the EU,” there was an immediate backlash from the industry.

    Tim Rumney, Vice Chair of the Lake District Hotels Association (LDHA), said, “A £1,000 fee for European workers will be a devastating blow to the hospitality industry.

    “Enforcing this fee will be nothing short of devastating for the hospitality industry, an industry that contributes around £143 billion to the UK economy and provides employment for an estimated 4.6 million people. Several of our member hotels employ European workers, many of whom have worked their way up through the ranks to management positions and built careers for themselves here and are now fearing for the future of their jobs. We are already struggling to fill positions from food and beverage service right up to heads of department because of an absence of good applicants.

    “This policy would pull the rug out from under our ability to employ quality staff from overseas and add even more cost and red tape into our industry. We are already witnessing fears among our member hotels, which are losing members of staff because of Brexit concerns. This can only worsen if further financial strain is put on hoteliers employing EU workers.

    “Over the past year, our industry seems to have been disproportionately affected by Government legislation. Add to this the inevitable job losses that will come as a result of this fee and it puts hoteliers in an extremely difficult position. What we now need to see is some form of clarity and reassurance on how Brexit will affect European workers in the UK.”

    Within hours, a spokesman for Theresa May addressed the furore Goodwill’s remarks had caused, saying, “At no point did he say it’s on the agenda. And it is not on the Government’s agenda.”

    Make SPATEX 2017 your business! SPATEX 2017, the UK’s leading pool, hot tub, spa and sauna Exhibition is THE event of the year for all involved in the provision of water leisure facilities. Whether you’re looking to upgrade existing facilities or thinking of dipping your toe in the water for the first time, make a date with the special 21st anniversary edition: Tuesday January 31st to Thursday February 2nd at the Ericsson Exhibition Hall, Ricoh Arena, Coventry.

    The UK’s shop window: See 2017’s abundance of new commercial products and innovations, from around the wo