the Spring Edition of PSD's Hospitality InFocus
PSD's InFocus enables us to share market insight, knowledge and perspective from within our network. This edition throws a spotlight on the extended stay segment - apart hotels are the fastest growing niche within the extended stay sector, according to a recent Savills report. A positive impact on this sector is the emergence of 'bleisure' - where a few leisure days are bolted on to business trips, with a partner or family members also travelling - in these circumstances an apartment can be an appealing option.
We are grateful to John Wagner, of Cycas Hospitality, who has produced an illuminating article highlighting their growth plans to meet market demand, and highlighting some of the recruiting issues in this sector.
With the Brexit vote now approved by Parliament the practicalities of Britain leaving the EU will need to be addressed - one of the key concerns within the hospitality sector is the impact on employment and potential visa requirements for employees from the EU. A regular columnist for us, Derek Picot, comments on this theme, and reminds us that the world continued to turn when visas were previously required for hotels to employ Eastern EU citizens prior to 2003.
We are enormously grateful to both John and Derek and we hope you enjoy reading their pieces.
Meanwhile PSD's team of specialist hospitality consultants, and I, look forward to engaging with you in the coming months if we can be of any assistance in the acquisition of senior talent within your business.
Derek Picot, International Hotelier, addresses the potential changes
that the hospitality industry could possibly face when Brexit finally happens.
Hotel management company, Cycas
Hospitality, specialises in extended-stay hotels in the UK and Europe. If a
guest’s experience is defined by service, then that is where Cycas excels. Its
strength is to create value for investment partners through the skilful
acquisition, development, funding and operation of properties, while all the
time providing service beyond guest expectations.