Hotel Owner Hotel Owner May 2017 digital | Page 5

MONTH IN REVIEW GO ONLINE www.hotelowner.co.uk START: THE MONTH’S NEWS BEGAN HERE BRANDS Jurys Inn benefits from UK tourism boost with record 5 million guests With UK tourism reaching its highest since the Brexit vote, hotel group Jurys Inn has seen a record number of five million guests stay at its hotels in 2016. The group exceeded the UK average uptick (3%) for international visitors, with a 10% rise in guests compared with the previous year. The tourism increase following the June referendum was an advantage to Jurys Inn, as the group reported a 17% rise in international visitors in the month of July. Jurys Inn also benefited from the growing trend of ‘staycations’, documenting a 6% upsurge in British visitors staying at its hotels over the last year. Jason Carruthers, managing director of Jurys Inn, said: “Overall 2016 was a very good year for UK tourism and we were delighted to have welcomed over five million guests to a Jurys Inn hotel. It was encouraging to see high levels of growth in both domestic and international visitors throughout the whole year, not just the post-Brexit era.” This increase in guests follows a €50m investment into the hotel group by its owners, Amaris Hospitality. Over the past 24 months, the money has been spent rebranding, renovating and extending the Jurys Inn portfolio. Hospitality and tourism face major problems in recruitment if there is any major cut in the number of workers allowed to enter from the EU Ufi Ibrahim, chief executive of the BHA May 2017 BREXIT Hospitality faces “recruitment crisis” without EU migration, says BHA 1 2 3 4 5 6 STAT OF THE MONTH Half a billion That’s the number of user reviews now on Tripadvisor’s site and app. M&A The British Hospitality Association (BHA) has published a report claiming the hospitality sector would face a “recruitment crisis” without EU migration. A report - Labour Migration in the Hospitality Sector - from KPMG, and commissioned by the BHA, said the hospitality and tourism industries would be the worst affected by possible migration restrictions. Due to the uncertainty of EU migration after Brexit, the BHA has estimated that 60,000 workers would need to be replaced per year as well as an ongoing recruitment of 200,000 members of staff to power the industry’s growth. The report revealed that 24% of the industry’s current workforce is made up of EU workers. It also states that 75% of waiters and waitresses, 25% of chefs and 37% of housekeeping staff are from the EU. The hospitality industry is the first major sector to lay out a plan in which it proposes to reduce its reliance on EU staff. The BHA has proposed a 10-year strategy to the government, in which it lays out plans to recruit more staff from the UK and steadily decline its access to the EU workforce. In the document, the BHA suggests the hospitality sector should target Britain’s unemployed population, returners to the labour market and the next generation of workers. South Place hotel sold to Japanese billionaire for £70m South Place hotel is said to have been sold to a Japanese billionaire property developer for £70m. Details of the deal have not been disclosed, but the previously Frogmore- owned hotel is believed to have been sold to Akari Mori and will still be run by operators D&D London despite the new ownership. Frogmore chief executive Jo Allen said: “We were delighted to work with Gerard Nolan & Partners on a pre- letting of the hotel to D&D, followed by securing planning consent, undertaking construction and watching the hotel revenue grow and stabilise. “Frogmore wishes the new owner and D&D every success with the ongoing venture.” She added the deal reflected the company’s interest in developing the hotel, which was initially designed for office use. Marc Nelson, director at CBRE, which advised on the deal, said: “In this low interest rate environment, the allocation of hotel real estate within investment portfolios continues to remain attractive to investors, given the enticing risk-adjusted returns and ability to appropriately match long-term liabilities with long-term investments.” www.hotelowner.co.uk 5