There is a great deal of negativity in the UK hospitality industry surrounding Brexit, but in the recent months after Britain voted to leave the European Union, we have seen a significant drop in devaluation of the British pound which has made the UK an attractive place to travel for tourists and shoppers. This has been particularly good for North American tourists to visit the UK as the Euro has also devalued against the dollar. There is really no better time to visit Britain than now.
A recent report commissioned from KPMG by the British Hospitality Association has identified the scale and key issues for UK hospitality when the UK leaves the European Union in 2019. The report, Labour migration in the hospitality sector, March 2017, considers the impact on the implications for the hospitality workforce for the future. Here are the 12 things you should know, prepare for, rejoice in or shout against - depending upon your views on Brexit.
The Home Office is looking at plans for “Barista Visas” and new rules for migrants, after hospitality industry experts warned many business will close. The British Hospitality Industry has warned that hotels, restaurants and bars will be forced to shut as there is a severe shortage of British workers and a steady stream of migrants is needed.
Hotels in Eastern Europe are benefitting from tough times in Western Europe with room values in the region seeing an impressive 11 per cent average growth, according to our 2017 European Hotel Valuation Index (HVI).
Hospitality and tourism leaders are urgently seeking a meeting with Brexit Secretary David Davis to hammer out an EU migration plan following Mr Davis’ “heartening” comments this week that the UK would keep its door open for service workers in hospitality, agriculture and social care.
Hotel transactions in Q3 totalled £522m in value, nearly half of that recorded in Q3 2015 and total transactions for the year-to-date were also significantly below that of last year.
UK in two minds – 40-million-pound tourism support by PM and expected increasing operating costs post Brexit
UK PM announces 40 million pound fund for tourism, while operators forsee increasing operting costs. However boht government and industry are seeing benefits due to "pound exchange rate".
While some hoteliers will lose out, others may well benefit. What is important is that we remain calm and provide clear and concise information and advice to keep business travellers well informed in turbulent times.
While is it impossible to quantify the exact extent of the Brexit, it most likely would have some impact on current hotel performance in the U.K.
Most fee that the effect on the UK hotel sector would ultimately be neutral but point out concerns over the issue of finding enough staff of the right calibre to operate hotels if immigration were to be severely curtailed.