Booked out hotels??28 Feb 2016 08:07
Every hotel in London bar Luton and heathrow where fully booked last night. Glasgow, Edinburgh, Amsterdam.
Based on doing coatings from floor upwards means if hotels aren't fully booked costs don't just keep going and you can adapt. No direct cost of laundry people, food, chefs, etc. I think the basis is 3 people per hotel fully booked or empty.
Therefore the margins can stay stronger through good or bad times. I think their accommodation rates will improve as word and repeat business continues. I think another hotel in London would be good but of course so expensive and if you can get the same margins elsewhere in the country for less out lay then why not?
This is a stable, growing, BREXIT share, it will perform now pretty much irrespective of anything as long as the brand and quality of visit isn't impacted.
As people move over to easyhotel they leave B&Bs behind, happy with location, brand and the costs you pay.
Will stay invested here long term. Twenty years would be fine, £10 a share!