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Glamping and the staycation: holiday parks in the austerity age
Listen to this podcast interview with Victoria Brannen, co-founder of Maya Asset Management, which specialises in the acquisition, turnaround and operational management of investment assets, in particular holiday parks.
Brannen, who specialises in strategic planning and marketing strategy integration, examines the implications for the holiday park sector of the rise of eco-holidays and short breaks and the squeeze on consumer incomes.
Asked to highlight the key trends in the camping and caravanning sector, she notes “an eco-trend, where you have the rise in tipis, yurts, pods… the whole ‘glamping’ experience. You have the mainstay holidaymakers who like to go to static caravan parks, and then your diehard campers who want to pitch up their tent.” [See rest of transcript via link above]
Examining the hotels market
Listen to a podcast interview with Haydn Fentum, co-founder and CEO of Bespoke Hotels, a fast-growing boutique hotel chain.
Fentum, who founded the first hotel 11 years ago, says “the market is quite volatile at the moment, there’s quite a lot of activity. It’s only the last two or three years that have not been great for the hotel sector.”
He also suggests that cash-strapped consumers have very different expectations to the typical boom-time consumer: “There’s always a flight to value, so hotels that have been underinvested and undercapitalised suffer, and properties in good order and which provide good value for money prosper. The market has become more polarised that way; you’re less inclined to forgive a bad experience.”
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A good time to buy a pub, says broker
From BusinessWings.co.uk: Now could be the right time to buy a pub, according to a business broker specialising in the trade.
Far from discouraging buyers, the parlous state of much of the industry presents a great opportunity for astute buyers to pick up a bargain.
Writing in the Morning Advertiser, Joe Harvey of Savills Licensed Leisure says that “as many pubs are being forced to close or seek administration, arguably now is the time to seek out opportunities.”
Adam Bannister 