Covid-19: Savills UK Hotel Insights Vol 9 (as of 6 April 2021)
"Extensions to business rates holidays, reduced hospitality VAT rates and CJRS are likely to mitigate some of the headwinds over the summer months"
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"Extensions to business rates holidays, reduced hospitality VAT rates and CJRS are likely to mitigate some of the headwinds over the summer months"
"Fiscal support packages continue to provide vital relief for UK hotels"
"Whilst various temporary lockdowns have put the brakes on recovery momentarily, domestic demand, on the whole, has been driving the broader recovery across much of the European hotel market in recent months"
"Why investors are redirecting focus towards prime city centre assets."
"Covid-19 has adversely impacted investment volumes, however, pricing shifts have begun opening attractive investment opportunities"
"Domestic leisure-led locations are experiencing the immediate recovery in performance while larger urban centres continue to be hindered by an absence in corporate and international demand"
"Despite immediate headwinds facing hotels, the underlying fundamentals of the sector continue to support longer-term investment opportunities"
"The staycation concept has extended to holiday clusters between European countries."
"Google mobility data demonstrates pronounced improvements in travel across leisure-led locations, translating into strong occupancy and ADR performance"
"As you're aware, the situation remains highly fluid with downside risk, particularly as the big unknown in terms of how long the situation will last remains"