Corina Duma - 10 Minutes News for Hoteliers - Page 11

1 min

Story Hospitality appoints VP of finance to support UAE expansion

💸 Story Hospitality has appointed Ameer Rehman as vice president of finance amid expansion in the UAE, Seychelles, Morocco, and Saudi Arabia. Rehman, a PwC-trained chartered accountant, brings over 20 years of financial leadership in hospitality across the UK, Saudi Arabia, and the EMEA region. Previously, he was senior VP at Cool Inc and spent a decade with Hilton. His appointment is part of Story Hospitality’s focus on financial discipline, innovation, and sustainability.

2 min

Lancaster House Hotel to host new treatment room

🏋️ Lancaster House Hotel in North Lancashire has collaborated with physiotherapist Mark Leather to establish a treatment room in its on-site health club, Sandpiper. Leather, who started his career in the 1980s and worked with Liverpool and Sunderland, will offer a range of services, including hydrotherapy. The partnership aims to enhance services for guests and residents. The hotel's health club was upgraded in January 2023 and includes facilities like a pool for rehabilitation programs.

2 min

Baltic View Resort and Spa opens on Poland’s Baltic coast

🏨 Radisson Hotel Group has opened the Baltic View Resort and Spa in Międzyzdroje, Poland. The 60-room resort, part of the Radisson Individuals brand, is located on the seaside promenade. It features a 460 square meter wellness center, indoor pool, sauna, and children’s club. Rooms offer Baltic Sea views, with larger suites accommodating up to six adults. Międzyzdroje, on Wolin Island, is a growing destination, benefiting from proximity to Berlin and ferry links from Sweden.

Travelodge posts stable revenues as Q3 momentum builds

🛑 Travelodge reports £783.2m in revenue for the first nine months of 2025, with a strong Q3. Adjusted earnings fell to £140.2m from £171.7m due to £30m in cost inflation. Significant events boosted demand. 21 new UK hotels opened. In Spain, revenue surged by 17%, boosting EBITDA to £2.8m. Stephen Shurrock becomes chair, succeeding Martin Robinson. Looking forward, more cost pressures are expected in 2026 due to wage and insurance increases and visitor levies.

Hoteliers warn Budget measures risk squeezing sector

🏨 Hotel operators are concerned about the Autumn Budget's impact, with potential business rate hikes exceeding 250% for some properties by April 2026. Transitional relief will cap increases at 30% for large assets. The National Living Wage and minimum wage rises will further squeeze margins. A visitor levy could add strain, with industry job losses reaching 89,000 in nine months. Despite permanent business tax reductions for 750,000 sites, the hospitality sector faces significant financial pressures.

1 min

Pellicano Hotels details €53m revival of Tuscan estate La Suvera

🏨 Pellicano Hotels Group plans to restore La Suvera, a historic estate 30 minutes from Siena, Italy, for a 2027 reopening. The €53m (£46.5m) project, announced in 2024, converts the 12th-century fortress into a hotel with about 60 rooms. Led by CEO Marie-Louise Sciò, the restoration preserves the villa's features and adds modern amenities like a spa, pools, and event spaces. This expansion emphasizes local heritage, joining Pellicano's existing Hotel Il Pellicano in Tuscany.

4 min

BUDGET: Income tax bands frozen, minimum wage to increase, NI-exempt pension threshold scrapped

💰 Income tax and NI thresholds will be frozen until 2031, generating £8bn, while the minimum wage rises by 50p from April 2026. Rachel Reeves, the chancellor, announced measures to address a £20bn fiscal gap. Pension tax breaks above £2,000 will no longer be NI-exempt, raising £4.7bn in 2029-30. A new mansion tax on homes over £2m targets 100,000 properties. The government will introduce a mileage tax on EVs at 3p per mile.

Hospitality faces £1.4bn in extra wage costs from April 2026, UKH warns

💸 Hospitality businesses in the UK face £1.4bn in additional wage costs from April 2026 due to a 4.1% rise in the National Living Wage to £12.71. The rate for 18-20-year-olds will increase by 8.5% to £10.85. UKHospitality emphasizes urgent business rates reform. Almost one million young people are not in employment, education, or training, challenging youth employment. Kate Nicholls, UKH chair, highlights the need to address tax burdens to prevent inflation from rising costs.

Aimbridge to manage six-hotel portfolio in Mexico

🏨 Aimbridge Hospitality, starting in 2026, will manage six hotels in Mexico, rebranding them under the voco label. The properties, in Cancún, Guadalajara, Ciudad Juárez, San Luis Potosí, Nuevo Laredo, and Torreón, will undergo significant renovations. Real Inn Cancún, Guadalajara Expo, and Ciudad Juárez, with 160, 163, and 150 rooms respectively, will reopen in April 2026. The others will relaunch in October 2026. This expands Aimbridge’s voco presence to 10 North American hotels.

2 min

Hyatt to open 204-room Regency hotel at Olympia in spring 2026

🏨 Hyatt is set to open the 204-room Hyatt Regency London Olympia in spring 2026 in Emberton House, formerly Europe's largest multi-storey car park. Located in west London, the hotel is part of a £1.3bn redevelopment project. The site will feature two food outlets, a fitness center, and meeting rooms. The wider Olympia redevelopment will offer 30 restaurants, a theatre, and a live music venue. The Regency brand targets business and leisure travelers in Kensington.

Input your search keywords and press Enter.