Reading Time: 8 minutesUK: Chancellor Rachel Reeves delivered the Autumn Budget today, revealing “permanently lower business tax rates” for hospitality properties.
Reading Time: 3 minutesUK: England’s mayors will be able to invest in transport, infrastructure, and the visitor economy through a new levy on overnight stays.
Reading Time: 2 minutesWorldwide: Serviced accommodation agent SilverDoor has partnered with hospitality group IHG Hotels & Resorts to offer corporate clients access to IHG’s extended stay brands.
Reading Time: 2 minutesUS: Landing, the network for flexible-stay apartments, has found that 88 per cent of multifamily operators are exploring mid-term stays to reduce vacancies.
Reading Time: 2 minutesUK: More than 300 hospitality businesses have signed a letter to the UK government ahead of the Autumn Budget later this month, calling for urgent
Reading Time: 2 minutesUS: Sonder Holdings has announced it will “complete winding down operations immediately” and expects to initiate a Chapter 7 liquidation of its US business.
Reading Time: 2 minutesMiddle East/North Africa: Corporate accommodation provider AltoVita has published its latest Middle East trends report, which reveals Riyadh as the top performing market for ADR.
Reading Time: 2 minutesFrance: Aparthotel brand Adagio has partnered with real estate services group Sergic to manage nine properties in France, increasing its portfolio by eight per cent.
Reading Time: 2 minutesChina: Hyatt Hotels Corporation has entered into a master franchise agreement with Homeinns Hotel Group to introduce its extended stay brand Hyatt Studios in China.
Reading Time: 2 minutesWorldwide: A white paper published by global accommodation agency Situ explores the accommodation requirements and buying behaviours across four generations of business travellers.
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