Travelodge owners eye £1.2bn price tag for budget hotel chain June 11, 2023 Budget hotel chain Travelodge will be put up for sale with a price tag of over £1bn as its owners look to cash in the recovery of the travel sector post-pandemic. Its owner of nearly a decade, American asset management firm Goldentree is said to be in talks with investment banks to explore a potential [...]
Brits flocked back to hotels in post Covid rebound as Holiday Inn owner’s revenue up 34 per cent February 21, 2023 Holiday Inn owner Intercontinental Hotels Group experienced a strong post-pandemic rebound, with revenues up 34 per cent in 2022 as consumer demand for hotels soared. The group, which has over 50 hotels across London, posted total revenues of $3.bn (£3.22bn) in the year ending December 2022, up 34 per cent from $2.90bn (£2.41bn) in the [...]
Sunshine Saturday: Holiday bookings soar as Brits rush to get best deal amid cost-of-living squeeze January 6, 2023 Holiday bookings are set to skyrocket this Saturday as thousands of Brits rush to get the best deal amid the cost-of-living crisis. Figures published today by tour operator trade body ABTA show 61 per cent of people are planning to have a holiday abroad this year. Of those, 31 per cent say they want to [...]
Jet2 crowned UK best holiday provider as Tui and Lastminute.com slump January 3, 2023 Jet2 has taken the crown as Britain’s favourite provider of package and resort holidays. According to a survey published today by consumer champion Which?, the UK company has received the highest score in customer satisfaction alongside Swiss holiday provider Kuoni. Respondents praised Jet2’s high levels of service and reliability, with one customer saying that “you [...]
Brits take 5* holidays as On The Beach bounces back from Covid in second-half of 2022 October 25, 2022 Travel retailer On The Beach reported its sales were up from pre-pandemic levels despite external shocks such as the war in Ukraine and economic turmoil. The medium and short haul specialists said its second-half sales were 25 per cent up on 2019 and 16 per cent up on the year as a whole. It also [...]
Center Parcs forced into u-turn after threatening to kick out guests on Monday September 13, 2022 Center Parcs has been forced into an embarrassing u-turn after threatening to kick out holidaymakers on Monday as it closed for the Queen’s funeral. Hundreds took to Twitter to express their anger and frustration after the short-breaks specialist announced its villages across the UK would close on 19 September “ as a mark of respect”. [...]
Hotels cashed in on scorching summer but face gloomy winter freeze August 30, 2022 British hotels cashed in last month during a scorching heatwave, but the industry fears its profits will freeze up as the UK prepares for bleak economic times. Holiday destinations across the country had a record-breaking summer with a new survey showing more than 77 per cent occupancy in July compared to 73 in June. This [...]
Overseas travel down by third as Brits shun holidays abroad for UK getaways July 21, 2022 Britons might be shunning holidays abroad in favour of a UK getaway as overseas travel has gone down by a third. According to data from the Office for National Statistics, visits overseas went down to 5.6 million in April this year – 33 per cent below 2019 levels. Whereas searches for UK destinations went up [...]
Holiday for part time staff should not be pro-rated, Supreme Court rules July 20, 2022 The UK’s Supreme Court today ruled that a visiting music teacher on a zero hours contract should be entitled to the same holiday benefits as her full-time colleagues. The landmark ruling is set to open the door to claims from hundreds of thousands of part-time and casual workers for the same holiday pay as their [...]
Parkdean Resorts: £1.6bn sale of holiday park giant stalled over slow UK growth concerns June 9, 2022 The UK economy’s slowing growth is reported to have stalled the £1.6bn sale of Parkdean Resorts following a sixth month auction process. The holiday parks operator and its owner Onex Corporation took the decision to call off the move amid concerns about a possible UK recession, and its impact on the staycation market. This week, [...]