Wednesday, 27 January 2010

Hotels Lead UK out of Recession

Britain officially came out of a recession yesterday [26th Jan 2010], and it was about time too as I think you'll all agree.

However an interesting fact came out of all the numbers and jargon. According to the governments own body for calculating all that stuff the Office of National statistics [ONS], it was from the Hotel & Restaurant sector of the economy that most of the growth came.

Hotels have shown three consecutive quarters of growth in the UK, which means that they have been the leaders of the UK recovery.

This, of course, is good news for the entire industry, because if the hospitality trade can still manage to expand when many of us are feeling the pinch, then we could be set for great times ahead when the economy is again in full swings. Well done hoteliers, lets have a great 2010.


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