The government plans to reform how business rates are calculated for pubs and hotels to make the system fairer. The Treasury has chosen an advisor to examine property assessments and propose adjustments. This follows a review started by the BBC and a pledge from The Guardian to support better rates.
Archipelago Hotels plans to start moving into new domestic and overseas markets as tourism continues to build. In addition, recent reports from 36Kr highlight findings that have uncovered property defects in some hotel properties. The Financial Times noted the Treasury's expert review while Yahoo Finance UK outlined the company's growth plans.