Surinder Arora: Hotels should not be excluded from tax relief

cityam02-19

Surinder Arora, executive chair of Arora Group (image courtesy of Arora Group) Hotel tycoon Surinder Arora has said he “fails to see” why the government has offered emergency tax support only to pubs,...

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href=https://www.cityam.com/surinder-arora-hotels-should-not-be-excluded-from-tax-relief/><strong>cityam</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Surinder Arora, executive chair of Arora Group (image courtesy of Arora Group) Hotel tycoon Surinder Arora has said he “fails to see” why the government has offered emergency tax support only to pubs,...</p>\n\n<a href=\"https://www.cityam.com/surinder-arora-hotels-should-not-be-excluded-from-tax-relief/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CPI","symbol_name":"IQ Real Return 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rises than the headline inflation rate.The billionaire founder of hotel chain Arora Group told City AM: “Hotels are facing a wave of increased costs from unprecedented hikes in business rates, increased staff costs and ever rising energy prices.“These are just some of the problems we face and help to explain why inflation has risen across the hospitality sector despite inflation dropping in the economy overall.”","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"CPI":"IQ Real Return ETF"},"translate_title":"Surinder Arora：酒店不应被排除在税收减免之外","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CPI":1},"content_text":"Surinder Arora, executive chair of Arora Group (image courtesy of Arora Group) Hotel tycoon Surinder Arora has said he “fails to see” why the government has offered emergency tax support only to pubs, as hotels battle with “unprecedented” business rate hikes.This comes after Wednesday’s Consumer Prices Index (CPI) figures revealed that hotels and restaurants are facing far quicker price rises than the headline inflation rate. The billionaire founder of hotel chain Arora Group told City AM: “Hotels are facing a wave of increased costs from unprecedented hikes in business rates, increased staff costs and ever rising energy prices. “These are just some of the problems we face and help to explain why inflation has risen across the hospitality sector despite inflation dropping in the economy overall.”\n\nHotel and restaurant inflation climbed from 3.8 to 4.1 per cent for the year to January despite a falling headline CPI rate, and an Investec briefing said this rise prevented the top-line figure from falling further. \n\n\n\n\n\n\nNews Updates\nStay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nAllen Simpson, chief executive of trade body UK Hospitality, told City AM on Wednesday that pubs, bars and restaurants will likely be forced to pass rising costs onto consumers despite easing overall inflation. “If the government wants hospitality to continue creating jobs and driving growth in communities across the UK, it must act to reduce costs, particularly by reforming business rates and ensuring wage policy is balanced with the sector’s ability to absorb rising costs.”","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; 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