Monday saw the appointment of a new UK Prime Minister – Liz Truss. She’s already given her first speech outside Number 10, during which Truss outlined three priorities: tax cuts, the energy crisis, and the NHS.
Safe to say, the energy crisis is one of the top issues which hospitality leaders hope the new PM will address. Whilst hikes in the cost of living is being felt by all households, the commercial sector is bearing the brunt. Currently there is no energy price cap for businesses, and the next expected increase in energy costs (October) is causing huge concern amongst hospitality operators.
It is understood that Truss is planning to borrow billions in order to limit the anticipated rise in energy bills. Stay tuned over the coming days as we explore the impact of rising energy costs on hospitality businesses, and practical steps to ease the burden.
• In other news, Jetstream’s integration with Amadeus is a strong indicator of the continued merge between short-term rentals and hotels. At BHN, we’ve covered several stories on short-term rental operators entering the hotel sector, which in itself signalled the inevitable expansion of distribution powers.
With the integration, Amadeus’ hotel customers will now be able to market and distribute their properties/rooms across short-term rental sites such as Airbnb, VRBO and others. Hoteliers have long relied on third-party booking channels and OTAs; Jetstream is simply adding to this mix, providing new booking opportunities and placing hotels in front of a different traveller demographic. Some hoteliers may argue they lost customers to private hosts as a result of the pandemic – working in tandem with the perceived competition is a great opportunity to reclaim market share.
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