BWH Hotels GB CEO Urges Immediate VAT Cut for Struggling Independent Hotels Amid Delayed Business Rates Reform
🏨 Tim Rumney, CEO of BWH Hotels GB, urges immediate VAT reductions for independent hotel operators, citing 2029 as too late for business rates reform. Pubs received relief, yet hotels, with higher fixed costs and 24-hour operations, haven't. Hotels face a £250m sector cost in 2023, with 85% of industry respondents supporting VAT cuts for growth by August 2024. UK's hotel sector missed £73m in reliefs in April 2019. Immediate measures are crucial to prevent closures.
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