‘I have no confidence in Rachel Reeves to turn things around’ November 24, 2025 The chief executive of a luxury hotel group in London has said he has “no confidence” in Chancellor Rachel Reeves ahead of her Budget later this week. Gavin Taylor, who leads Clermont Hotel Group, also branded Reeves as “not particularly business friendly” and that the Chancellor needs to lower the tax burden on companies in [...]
Robert De Niro: Nobu reveals major London plans amid UK push November 13, 2025 Robert De Niro’s hospitality brand is open to considering new luxury residences in London after the success of its restaurants and hotel, the firm’s co-founders have exclusively told City AM. Nobu Hospitality first launched in London in 1997 with a restaurant at Old Park Lane. That was followed by a hotel and restaurant in Portman [...]
Brits plump for premium hotels as budget stays suffer November 3, 2025 The gap between hotel prices has continued to expand as Brits plump for premium travel over budget options, according to new figures. Average room rates of UK luxury hotels rose from £380.30 to £405.18 in August year on year, and from £136.33 to £141.57 for mid market hotels, data from RSM shows. Room rates in [...]
The very best hotel in the UK has been revealed October 31, 2025 A panel of expert judges have revealed the inaugural list of the world’s 100 best hotels, and three of the winners are in the capital. The hotel voted best in the UK at the annual World’s 50 Best Hotels awards at Old Billingsgate Market last night was Claridge’s, which took the 16th spot. The Art [...]
Macdonald Hotels counts cost of huge legal bill after High Court loss October 20, 2025 Luxury chain Macdonald Hotels slumped into the red before being order to pay a huge legal bill after losing a case to the Bank of Scotland. Macdonald Hotels sued the Scottish subsidiary of Lloyds Bank claiming it was “seriously wronged’ by the lender which resulted in it losing out on millions of pounds. Chairman and [...]
Why don’t London’s luxury hotels make any money? October 13, 2025 London is home to some of the most iconic and well-known luxury hotels in the world. The Savoy, the Ritz, The Dorchester and Claridge’s, to name just a few, are renowned the world over and have played host to the ultra wealth, celebrities and royalty. Also appearing in a string of popular films, London’s luxury [...]
The Savoy Hotel sheds jobs as losses widen October 13, 2025 Losses widened at The Savoy Hotel as it shed jobs during its latest financial year while a major renovation project started. The five-star London hotel has posted a pre-tax loss of £19.6m for 2024, having also lost £17.5m in 2023. The last time The Savoy Hotel made a pre-tax profit was the £5.9m it reported [...]
The Dorchester owner returns to the black October 8, 2025 The owner of five-star London hotel The Dorchester has returned to the black despite its revenue falling in 2024. New accounts filed with Companies House show the Dorchester Group posted a pre-tax profit of £3.1m for its latest financial year. The total is up from the pre-tax loss of £5.2m that it fell to in [...]
Chiltern Firehouse: Reopening date revealed after major fire October 6, 2025 A luxury London hotel popular with celebrities won’t reopen until April 2027 after a large fire earlier this year, it has been confirmed for the first time. Chiltern Firehouse in Chiltern Street, Marylebone, closed on 14 February after flames ripped through the Victorian four-storey building. The fire damaged parts of the ground floor, half of [...]
Claridge’s: Five-star London hotel falls into the red October 6, 2025 Claridge’s, the iconic five-star London hotel, has slipped into the red despite its revenue rising during its latest financial year, it has been revealed, amid major redevelopment work. For 2024, the hotel has posted a pre-tax loss of £5.4m, down from the £7.2m pre-tax profit it achieved in 2023. However, new accounts filed with Companies [...]