UK Hospitality Industry Strong Growth in 2014

UK Hospitality Industry Strong Growth in 2014

It is known now from studies that from the economic downturn the Hospitality industry is in fact due to have strong growth in 2014.

One of the hospitality business leaders ‘Stewart Campbell’ who is a MD of Redefine (hotel management company) believes he has early indication that the year 2014 will have massive improvements into the sector.

so what does this mean for the Hospitality Industry

This forecast from Mr Campbell was also reported by the global investment specialists who also predict a very strong growth compared to previous years. This growth will spread mainly across Birmingham, Leeds, Liverpool, Manchester, London, Edinburgh and Shetland. This growth is formed more around the fact that travellers no longer are just looking at the pricing element and now wish to find hotels which are comfortable, high standard, reasonable priced and good customer service which is why there’s such an increase this year.

The growth of the hospitality industry this year means that hotels and BnB’s can focus more on delivering the quality of service people expect as well as work at bringing their hotels up to standard with better rooms, more attractive elements.

Many Hospitality industry related businesses have been focusing on getting by month-by-month with no real sight into how the industry will be in the future and at the moment whilst the predictions can be done for this year, many industry leaders are still questioning 2015 and beyond.

hospitality businesses expect to increase wages in 2014

Yes it’s true thanks to a recent survey from Barclays, in early Jan 2014 they had questioned more than 684 businesses in the hospitality sector, They estimate that more then 2/3rds of the hospitality sector plan to increase wages.

So is there really an increase in wages in the Hospitality Sector?

Yes it’s very true so if you work in the hospitality sector then you may expect some wage increases this year from up to 69% of the businesses. Despite the rising living costs and inflation in the UK it’s said that over half of businesses in Hospitality & Leisure sector said that wage pressure from employees is not an issue..

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