More UK Hotels Closing Despite a Rise in Staycations
Tiffany PhillipsUK hotels are still in trouble despite the fact that the number of Brits that are opting for staycations has increased. Brits are opting this year to stay home and not travel overseas.
The number of hotel firms that have failed since last year rose 61 percent compared to 2008, according to accountancy firm Wilkins Kennedy. Although the number of families that need hotel rooms has increase in the UK, the number of business travelers that need hotel rooms has slumped. Since business travelers are how most hotels have been making their money, this has caused a big problem.
Of course, UK hotels also took a big hit from the volcanic ash disruption, as most of the UK was a no-fly zone. Although people in the UK were already able to find other ways to get home, like traveling by train to another area of Europe and then flying home, the people that were suppose to come in and fill these rooms from other countries were unable to get into the country. This caused tourism to take a big hit and hotels to lose a lot of money.
McKeever, Folio, and Cavendish groups were just some of the chains that had to fold last year in the midst of the worst recession since World War II. Recent figures from the Office for National Statistics suggests that visitor numbers into Britain were down only 6 percent last year. The report went on to say that, despite the weak pound and the many people holidaying at home, the hospitality sector remains very week. It looks like it is going to continue to be a rough run for UK hotels for quite some time.
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Filed under Business & Finance, Travel News, UK News