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10/2014

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The Business Visits & Events Partnership (BVEP) has launched a manifesto for the meetings 
and events industry that will pass on its recommendations on how the events industry can 
help shape Britain’s future. The manifesto will be issued to senior policy makers, government 
departments, MPs and Ministers. The document is titled ‘Events Can Win for Britain’ and takes 
on the GREAT campaign branding; underlining the role the industry can play to boost both 
business and tourism. 

The partnership’s Manifesto Working Group, under the leadership of Brian Kirsch, Event 
Assured and EVCOM, put the manifesto together with input from the partnership’s 22 leading 
representative bodies. 

“Increasingly we are getting the ear of government and we wanted a document that not only 
sells our industry, but explains how ministers and policy makers can create a better 
environment for the industry to flourish” comments Brian Kirsch. “We have extended print 
runs of the manifesto so that anyone in the industry that has a relationship with government 
departments can pass on a copy ahead of the General Election.” 

The manifesto’s 39 recommendations are set out in eight sections highlighting a role for 
national and local government, focusing on better regulation and more competitive taxation, 
together with proposals for infrastructure, marketing and training. Some of the specific 
proposals are: 
1. Place events at the centre of economic growth 
2. Fully incorporate Events in the GREAT campaign 
3. Integrate the Events sector into the Creative Industries Strategy 
4. Create a Special Events visa 
5. Provide subvention funds to DMOs 
6. Increase the annual tax exemption for staff parties and social functions 

“With a General Election only seven months away, now is a crucial time to start convincing 
politicians, prospective parliamentary candidates and those who compile the Party manifestos 
that the Events Industry can help to shape Britain’s future,” commented Michael Hirst, 
Chairman of the BVEP. “The document is comprehensive and lays out the ways government 
can support the £39.1bn events industry; any political party seeking to win the election needs 
to take note of it!” 

The ‘Events Can Win for Britain’ report will be widely distributed across government 
departments and directly to Ministers, as well as through the All Party Parliamentary Group 
for Events, Chaired by Nick de Bois MP. 

 

Hilton Worldwide is to open 11 new properties in 2015 under its new Canopy by Hilton brand, including one in London.

Hilton is to open 11 Canopy by Hilton properties in 2015, including London, Miami, Nashville and Washington DC. The location of its London property has not yet been confirmed.

The new hotel concept aims to 'redefine the lifestyle category around the mindset of today's leisure and business travelers'.

Christopher Nassetta, president and CEO of Hilton Worldwide, said: "Built on extensive market research, our highly anticipated Canopy by Hilton brand delivers a fresh approach to hospitality and the guest experience.

"We saw an opportunity to not only enter the lifestyle space by developing a new brand, but also to redefine this category by creating a more accessible lifestyle brand. We identified the need to take the emphasis off of capital-intensive design and deliver exactly what the target consumer desires: an energising, comfortable stay with more included value."

Each property will be different, as its design, artwork and food will be inspired by its location. Basic wi-fi will be free.

See more here: http://bit.ly/1nz86i6

The InterContinental Hotels Group has posted a growth in revpar of 7% across its global portfolio, and the group has also confirmed that its key brands had reached significant growth milestones.

The UK and Germany had performed particularly well, with the UK reporting double-digit revpar (revenue per available room) growth mainly thanks to a strong performance in London. 

Overall, the group’s global revpar was up 7% - and 6.3% in the first nine months ‒ as posted in the third quarter interim statement. This was the best global performance for revpar in two years, IHG said. 

European revpar was up 6.1% in the third quarter, and 5.3% in the first nine months. 

The company hailed a positive year to date, highlighting a net increase in the number of room up by 2.7% (a year-on-year increase, to 697,000 rooms), and confirming that over 45% of its planned 190,000 rooms were already under construction. 

The group also hailed the bedroom pipeline as its strongest year-to-date since 2008, thanks to the 16,000 rooms that were signed – taking total signings in the first nine months to 45,000 bedrooms.

It also said that its brands Staybridge Suites and Hotel Indigo has reached their respective key milestones for growth, reaching 200 open hotels and 60 properties respectively. 

Overall, the company said: “The financial position of the group remains robust.”

Richard Solomons, chief executive of InterContinental Hotels Group, said: "While some of our markets face heightened uncertainty and risks, we continue to see strong momentum in the business and remain encouraged by current trading and positive booking trends."

See more here: http://bit.ly/1yVj5q9

Accor has reported a 3.3% increase to €1,459m (£1,164m) in like-for-like revenue during the third-quarter of the year, thanks to a solid performance across its worldwide market.

Demand for hotel bedrooms in the UK improved strongly between July and September, led by the midscale and economy segments, with revenue up 8.8% and 10.5% respectively. 

Business was particularly strong in the regions, driven by the Commonwealth Games in Glasgow, the Ryder Cup in Perthshire and the NATO Summit in South Wales, with a 14.8% increase in revenue per available room (revpar).

Meanwhile, revpar in London was up 3.7% in the third quarter, compared with 3.8% in the second quarter.

Like-for-like revenue across Accor’s HotelInvest business, which represents 1,359 of the company’s owned properties worldwide, grew by 4.6% to €1,293 (£1,030m), while its portfolio of HotelServices (comprising 3,675 hotels globally) increased 2.7% to €325m (£249m).

Sébastien Bazin, chairman and chief executive, said: “This strong third-quarter performance enables us to confirm the full-year EBIT target set for 2014. Obviously, we will continue to pay close attention to changes in the persistently lacklustre French market, and to the situation in Africa. The strong demand in Europe, including in southern Europe, and in emerging markets will provide the growth necessary for HotelInvest and HotelServices to continue to implement their strategic roadmaps.”

Accor’s full-year EBIT target has now been confirmed at between  €575m (£458m) and €595m (£474m).

See more here: http://bit.ly/ZLv8ag

Investors have pumped £1.7bn into the UK hotel market in the third quarter of 2014, with North American investors leading the charge, according to investment management and real estate specialist JLL.

JLL's latest quarterly figures, presented at its annual hotels conference in Manchester, report a 278% increase in investment in London and regional UK hotels compared with the same period in 2013.

Its year-to-date figures also show a lift on last year, with a 29% increase in total investment across the UK market compared with the same period in 2013.

In quarter three, just more than £1b, equating to 58% of overall UK investment volume, came from North American investors. This is a 51 percentage point uplift from the same period last year when investment from this source stood at just 7%.

"The significant increase in investment from North America in part reflects a reallocation of funds as a result of US real estate becoming more expensive and we predict that this trend will continue," said Jon Hubbard, managing director in JLL's Hotels & Hospitality group.

Investment in London's hotel market is up by 22% compared with quarter three last year, with some £387m pledged in the capital. The largest investment share into London came from Asian sources, which accounted for 31%, with Middle Eastern investors accounting for a further 23%.

Total hotel investment in London was flat in the first three quarters of this year compared with 2013. This was in part due to the InterContinental London Park Lane deal in the second quarter of last year, which was the largest sale and manage-back ever of a single asset in the London hotel market.

In one of the prime single asset deals of the year, JLL's Hotels and Hospitality group advised on the sale of the Marriott Grosvenor Square by Strategic Hotels & Resorts to Hong Kong-based Joint Treasure International for £125m.

Other significant deals include the sale of Edinburgh's Roxburghe Hotel to US-based investment management firm Starwood Capital, which is the largest post-recession single-asset deal in Edinburgh.

Hubbard said: "While London remains a highly attractive market for global investors, the UK's regions have become a key focus for international investors, reflecting a confidence in the continued recovery and growth of the sector over the coming years.

"Investors from North America, China and other parts of the Far East are currently the principal sources of international investment, with investors eyeing cities such as Aberdeen, Edinburgh and Manchester."

See more here: http://bit.ly/1FaoxHk

Greater London has reported the largest number of hotel rooms under contract in Europe, with 17,370 rooms, according to the September 2014 STR Global Construction Pipeline Report.

The under contract data includes projects in the in-construction, final planning and planning stages, but does not include projects in the unconfirmed stage.

The Europe hotel development pipeline comprises 892 hotels totalling 141,112 rooms.

Seven other markets reported more than 2,000 rooms under contract: Istanbul, Turkey (7,085 rooms); Moscow, Russia (4,060 rooms); Manchester, England (4,034 rooms); Greater Berlin, Germany (2,866 rooms); Greater Amsterdam, Netherlands (2,749 rooms); Hamburg, Germany (2,709 rooms); and Greater Munich, Germany (2,356 rooms).

See more here: http://bit.ly/1wMDclP

Week two of National Events Month has been full of exciting events, all to do with the launch of Exhibitions and Experiential week!

Exhibitions & Experiential Week 

This week #NEMO celebrated the £11bn industry sector, Exhibitions and Experiential events. Exhibitions and Experiential events offer businesses a strong base for international trade, as well as attracting over 13 million visitors a year!

Hosting this event week was the IP EXPO Europe, which took place at London's ExCel. The Scottish Tourism Alliance Conference (STA) also showed its support this week, of which a whole range of industry professional's has tagged NEMO. 

National Events Month achieved a wealth of exposure this week, including The Herald in Scotland which showcased the national campaigns success. 

IP EXPO Europe Hosts #NEMO

On Wednesday 8th October, the IP EXPO Europe took place at the ExCel, London. The exhibition hosted Exhibitions and Experiential week with a range of industry experts showing their suppot by attending. Some of these included CEO of AEO Christ Skeith, campaign director of Britain for Events Alistair Turner, COO of Imago Techmedia Duncan Kirk and Dan Thurlow, Director of Exhibition Sales at the SECC.

Tim Berners-Lee, inventor of the World Wide Web, also attended the event as a key note speaker. 

IP EXPO Europe was a huge success and a great way to showcase the best of British Exhibition and Experiential events. 

STA Conference Supports #NEMO

The Scottish Tourism Alliance Conference (STA), also demonstrated its support for National Events Month this week. 

Senior members of the events market showed their support for #NEMO at the conference, which coincided with the launch of industry group, Business Tourism Scotland.

The STA Conference also saw Fergus Ewing, Tourism Minister for Scotland, speak about the opportunity for the Scottish events industry. 

Finding #NEMO on Twitter

#NEMO has been kicking up a storm on Twitter this October. With an average of 31 followers a week and 505 event organiser impressions made a day, National Events Month is gaining momentous amounts of support. 

Since Britain for Events launched the National Events Month initiative, @Britain4Events has gained over 2,000 followers, and made an average of 14.1K impressions on event organiser's a month.

If you would like to get involved in National Events Month, submit your event on www.nationaleventsmonth.co.uk.

Or, you can attend the National Events Month Celebration Event this October at the Museum of London! Simply visit the #NEMO website to register. 

 

 

Visits to the UK by overseas residents fell by 2% in August 2014, but earnings from these visits rose by 7%, according to the latest ONS Travel and Tourism figures.

Visits to the UK by overseas residents in August 2014 were at 3.5m, earning over £2.6b. 

Overall, visits to the UK by overseas residents have risen by 6% in the year to date, and earnings by 1%.

In contrast, visits abroad by UK residents fell by 1% in the past three months, compared with the same period last year, and expenditure fell by over a fifth (22%).

Mike Saul, head of hospitality and leisure at Barclays, commented on the latest figures: “Despite the surprising dip in year on year numbers for August, the overall picture throughout most of 2014 is one of growing visitor numbers and spend.  A rich culture, highly sought-after retail offering and top leisure facilities continue to attract an increasing number of overseas visitors.”
 He added that the drop in UK travellers overseas was likely more a result of the good summer weather in the UK rather than any reflection on current levels of spend.  The latest results represent a surprising downturn in the record of the past few months, which have seen record-breaking visitor numbers in 2014 compared with the same months last year.

See more here: http://bit.ly/1wA8iwU

Hotel performance in London continued to show a steady improvement in September with a 2.1% year-on-year increase in revenue per available to £137.87, according to preliminary results for the month from STA Global.

Occupancy also grew 1.2% during the month to 89.4%, with a rise in average daily rate to £154.24. Demand for hotel rooms grew by 4.6%, outstripping the increase in rooms supply of 3.3%.

Elizabeth Winkle, managing director of STR Global, said that September is traditionally a strong business month for the capital.

“September results were spot-on to what we forecasted for the month, and we are confident that London will finish the year with an overall 4.0% revpar growth as we, in conjunction with Tourism Economics, forecasted for 2014,” she said.

STR Global will release its full September results in two weeks’ time.

See more here: http://bit.ly/1qiWgEn

Head of Conference and Event Sales at Twickenham Experience Samme Allen is reporting a 52 per cent year-on-year increase in sales for the month at the stadium.

As the venue begins its 12-month countdown to hosting the World Cup in September 2015, bookings are increasing across all types of event, according to Allen.

She says the sales increase has been driven through a combination of factors, including a drive to penetrate new market segments, exhibition sales and healthy repeat bookings.

September bookings included events for O2, Compass and EY, combining day conferences with team building experiences, including the rugby-themed Haka, dinners, receptions and exhibitions.

“We had an excellent start to the financial year, with an overall rise of eight per cent year on year. We are delighted to see this trend continue and have seen our busiest September on record. We are seeing an increasing requirement from corporate clients for added value activities, such as our team building and the core RFU values represented by Team Twickenham.”

Twickenham Experience Limited (TEL) is a joint venture between the RFU and food services provider, the Compass Group.

See more here: http://bit.ly/1pURE7d

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