| | | | | | Hotels' fight against OTAs - now it's personal
Effective use of customer knowledge is the key to more direct bookings, says Hotelchamp's Kristian Valk.
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Farncombe Estate appoints brace of head chefs
UK: Farncombe Estate in the Cotswolds has appointed head chefs at its Dormy House and Foxhill Manor properties.
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Old Delhi Town Hall plans include a boutique hotel
India: The North Delhi Municipal Corporation has announced that work on the 150-year-old Town Hall in old Delhi will start in the next nine months.
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| | | | Time to make hay for UK hoteliers
• As the UK government and the EU continue to circle each other, amid the posturing we are starting to see the first hints of real policy regarding Brexit. Industry in general is pessimistic about the long-term effects of the UK's withdrawal, and this is being reflected in Sterling's perfomance on the currency exchange markets.
US bank Morgan Stanley has predicted that the pound will be worth less than the euro by early 2018, a pretty staggering fall when you consider that many pro-Brexit campaigners have been preaching that the euro is a doomed currency. Back in October 2000, a pound would have bought you €1.73.
So while the UK struggles with weak economic growth and increased political uncertainty, Morgan Stanley analysts point to a surge in the value of the euro thanks to the defeat of populist movements in France and the Netherlands, and a likely fourth term as German chancellor for Angela Merkel.
"What markets will focus on is this idea that the core of Europe, France and Germany, are working toward a stronger European Union, making a push toward reform that we haven't seen in a number of years," said Andrew Sheets, a Morgan Stanley strategist. "That's structurally bullish for the euro."
If you add to this situation the fact that, against the dollar, the pound is also historically weak ($1.28) the scenario facing the UK is that tourism and hospitality is one of the few sectors that can benefit - time for hoteliers to make hay while it rains for everyone else, if you like.
The low pound is bound to result in a surge in visitors from the eurozone, from the US and beyond, as well as having the effect of boosting domestic tourism and 'staycations' - the UK holidaymaker's hard-earned pound is not going anywhere near as far on the continent as it used to.
Brexit will bring with it a host of challenges for the hospitality sector - not least the continuing uncertainty over the status of EU workers - but the currency situation offers a real chance of at least a short- to medium-term boost which the industry shouldn't hesitate to grasp.
George Sell, editor, Boutique Hotel News
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| Boutique or big brand, how to be an on-trend revenue manager
Anael Peu of Kew Green Hotels offers tips on how to stay ahead of the curve in revenue management.
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| Kitchen confidential: Gareth Ward, chef patron, Ynyshir
One of the UK's most exciting chefs, Gareth Ward, tells BHN about his plans for Ynyshir, the property he co-owns with his partner, general manager Amelia Eriksson.
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November, 12-13 2017
Dubai, UAE |
| January 23-24 2018 Amsterdam
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| | April 9-10 2018
New York City
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| | | | EDITORIAL
George Sell. Editor,
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