MONTH IN REVIEW
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HOSPITALITY JOBS
Average pay
for hospitality
workers
outstrips UK
average income
According to mobile bar service
provider Drink A Mix there has never
been a better time to get involved in the
hospitality sector, as the average wage
begins to outstrip the UK average salary.
The group says that the hospitality
industry is among the fastest growing
sectors in the UK and now directly
employs 3.2 million people, making it
the fourth biggest provider of jobs in
the UK. The sector is worth over £75bn
to the UK economy and contributes a
further £90bn through indirect means.
The group added that the diverse
and vast nature of the hospitality sector
means that potential employees can
transfer a diverse skill set across a wide
range of workplaces within the industry;
people can choose to work in hotels,
restaurants, pubs, and bars.
Drink a Mix explained that the size
of the hospitality sector also means
that there’s always a high demand for
staff, meaning it’s possible to cash in
on the rapidly increasing pay available.
Bartenders and waiting staff, for
example, will not only get their base
rate of pay but can profit immensely by
receiving tips from customers.
A company spokesperson said:
“We provide a bartender only service
alongside our other ranges that include
a mobile bar and alcohol provision,
which means that the success of our
business is driven primarily by the
employees.
“As the earnings of hospitality workers
have started to rise, it’s become a much
more attractive option for talented
employees and we’ve been seeing a real
change in the motivation of our staff as
they feel well rewarded for their efforts.”
April 2018
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JOB SATISFACTION
UKHospitality
welcomes sector
happiness study
UKHospitality (UKH) has welcomed
a study that has found high levels of
satisfaction among hospitality workers.
The study, published by Engaging
Works, shows that among hospitality
workers surveyed, 68% felt happy at
work, compared to just 61% in other
sectors.
The survey also showed that workers
in hospitality felt better respected
than those in other industries (75% vs
70%), better cared for (63% vs 61%)
and better recognised when they did
something well (67% vs 63%).
UKH chief executive Kate Nicholls
said: “All of us in the hospitality sector
are very proud of the work we do and
continually try to impress upon those
on the outside that our venues are fun,
welcoming and rewarding places in
which to work.
“The results of this survey validate our
work but it is a message that we need to
communicate to parliamentarians,
the media and the wider public that
may have misconceptions about
working in hospitality.”
As a powerful and unified
voice for the sector, that will
be one of our priorities within
UKHospitality: highlighting
the opportunities that exist in
the sector and supporting
the great employers that
provide them.
Kate Nicholls,
UKH chief executive
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INVESTME NT
Institutional
investors and
non-core hotel
assets to drive
UK hotel market
Investment into UK hotels in 2018 is set
to be driven by institutional activity and
the maximisation of returns, according
to new research.
Real estate advisor Savills said
total UK hotel transaction volumes
reached £5.4bn in 2017, exceeding
the 2016 total by 32%. It added that
institutional investors were particularly
active, driven by the hunt for income
in the face of Brexit, and accounted for
£602.6m of transactions - 39% higher
than the levels recorded in 2016 with
deal counts also up 40%.
Leased serviced apartment assets,
historically dominated by owner
occupiers and private equity, are
becoming more attractive due to their
ability to be run with an operating
partner and long term income offering,
the research suggested.
It found that branded hostels could
also benefit from increased investment
activity, with growth in the youth
traveller market and the ability to
maximise the yield from a single room
being particularly attractive to investors.
Martin Rogers, head of UK hotel
transactions at Savills, said: “The UK
hotel market had a strong 2017 and
looking ahead to the rest of this year
we expect the positive sentiment to
continue. The depth of the sector
ensures that a range of investors
remain active in the market as both
occupational demand and returns
remain at a robust level.”
He added: “The fundamental
supporting operational demand over
the longer term and particularly in
the face of Brexit, leads us to believe
investor appetite for UK hotels is set to
remain firm in 2018.”
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