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Research shows staycationing remains popular and holidays remain important

Research shows staycationing remains popular and holidays remain important

The International Vacation Confidence Index from Allianz Partners has found that while travel confidence is high, more people are planning to staycation than travel abroad this summer, despite Covid-19 restrictions lifting. According to the new research for the first summer edition of the International Vacation Confidence Index, the uncertain economic situation poses the main challenge...

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Some positive signs from VisitBritain’s Sentiment Tracker

Some positive signs from VisitBritain’s Sentiment Tracker

The results of VisitBritain’s Sentiment Tracker, from the latest wave of its COVID-19 Consumer Sentiment research, are now available.                                 Perceptions of those surveyed regarding COVID-19 (stating ‘worst has passed’) increased from 38% in April to 51% in May. Only 14% still fear “worst is still to come. Confidence in the ability to take a...

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Record recruitment difficulties adding to firms’ woes

Record recruitment difficulties adding to firms’ woes

4 out of 5 (78%) firms that attempted to recruit facing difficulties in finding staff   Hospitality, construction and manufacturing firms most likely to report difficulties (80% or higher) Smaller firms reporting increasing wage pressures are making it harder to compete for staff  Latest figures released by the British Chambers of Commerce show the pressure on firms struggling to recruit...

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ONS research shows UK GDP slows, negative trends revealed

ONS research shows UK GDP slows, negative trends revealed

According to data released by the Office for National Statistics, UK GDP grew by 0.1% in February 2022. This marks a slowdown in the monthly rate of growth, after January’s uptick of 0.8%. On an annual basis, GDP was up by 9.5% in February, with this growth rate being supported by the low base witnessed in...

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Belts begin to tighten but holiday spend still on the up

Belts begin to tighten but holiday spend still on the up

Nationwide’s latest Spending Report tracked c190m transactions made by members in February Overall spending down 9% vs January: Non-essential spending down 4% and essential spend down 12% 15% increase in spending in February on utilities and other bills versus 2021 as cost of living rises But spending on holidays and getaways flies in face of...

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ONS reports rising vacancies across many industry sectors

ONS reports rising vacancies across many industry sectors

The Office for National Statistics reports that November 2021 to January 2022 saw the overall number of vacancies reaching another record high of 1,298,400, though the rate of growth continues to slow. In November 2021 to January 2022, the total number of vacancies increased by 113,600 in the quarter, with the largest increase of vacancies...

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Government’s Levelling Up report published

Government’s Levelling Up report published

Government has published its Levelling Up the United Kingdom report, which says that not everyone shares equally in the UK’s success. The forward begins: “While talent is spread equally across our country, opportunity is not. Levelling up is a mission to challenge, and change, that unfairness. Levelling up means giving everyone the opportunity to flourish....

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ONS business impact survey for New Year period published

ONS business impact survey for New Year period published

The Office for National Statistics (ONS) has published the results of their latest business impact survey, which covers the period from 29 December 2021 to 9 January 2022. It shows that while 76.7% of all businesses are fully trading at the moment, accommodation and food services is the sector most impacted by Omicron with only...

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Social impacts of Coronavirus – latest results

Social impacts of Coronavirus – latest results

The latest wave of the Office for National Statistics (ONS) survey on the social impacts of Coronavirus has been published. This covers the Christmas/New Year period, with the survey being undertaken between 15 December 2021 and 3 January 2022. Some of the results which show the impact on tourism and hospitality businesses are that: Only...

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