Hotels and holiday parks warn rates rises threaten viability
🏨 Over 130 hotel and holiday park operators, including Hilton and Marriott, urge the Chancellor for a hospitality-wide business rates solution due to impending hikes. By UKHospitality analysis, rates could rise 115% over three years, reaching £205,200, endangering jobs and investment. The coalition warns of costs passed to consumers worsening the cost-of-living crisis. They highlight a need for comprehensive sector support beyond pubs to sustain business viability and counter inflationary pressures.
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