• UK hotels confident despite VAT increase

A third of hoteliers in the UK were more optimistic in comparison to Q4 2010, according to the latest HotStats Hotel Confidence Monitor.

Looking forward, 62% of respondents were optimistic or very optimistic about future trading performance in Q1 2011. London general managers forecast an improvement in occupancy, room rate and hotel profitability whilst provincial general managers were more cautious in their expectations.

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