London hotel occupancy finally returns to pre-pandemic levels

He added: “‘Trying forward, the primary six months of this yr are prone to stay robust with excessive rates of interest dragging on financial progress and inflation remaining nicely above goal. Nevertheless, issues look brighter within the second half of this yr. The inflation charge will in all probability fall to about 2.5%, which can permit the Financial institution of England to begin chopping rates of interest. On the similar time, actual earnings progress will proceed to rise and there’s the distinct risk of additional tax cuts coming in March. All this may imply extra shopper spending, which might be a optimistic for the journey and resort sector.”