The EU referendum, which will take place in just under a month in the UK, has been the cause of much political debate. Fears have been stirred up about the potential negative impact of either outcome. But how has this affected investor sentiment and how would the UK’s exit from the European Union impact business in the hospitality industry?
Four hospitality and investment professionals discuss ‘Brexit’:
The referendum is just one example of how political uncertainty can affect business. Any potential disruption or change to regulations and the way business is done could be classed as a ‘risk’ that need to be factored into a business’s decision making at least in the short term.
Some examples of warnings arising throughout the campaigns, about the longer term effects of the decision, are that Leaving the EU would ‘spark year-long recession‘ and that Staying would increase the UKs population and put the NHS under “unsustainable” pressure.
Last year ICSA reported that 63% of boards said a UK exit from Europe could be potentially damaging to their company.
The European Union – often known as the EU – is an economic and political partnership involving 28 European countries. The UK’s exit from the EU has the potential to impact everything from immigration, to the environment, to procedure around working abroad, to law making itself.
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Video clips produced by ybc.tv for the Hospitality Channel, including interview from industry conferences such as the IHIF conference as well as specific Hospitality Channel shoots.
With the green shoots of growth being seen across the European market, many believe we are seeing early optimism for not only the hospitality sector but all industry. However, with increasing influence of alternative markets, like China and Brazil, the EU needs to showcase itself as a great place too for capital investment.
As a mature market it has many strengths and we have seen a resurgence in deal making. The long-term prospects of hospitality are paramount, but with the incessant need for short-term returns, is Europe going to be able to show strong enough growth for investors to persevere? In this briefing we hear from:
- Arthur de Haast, Chairman – Hotels & Hospitality Group for Jones Lang LaSalle on confidence being seen in the market.
- Josh Wyatt, Partner – Hospitality & Leisure at Patron Capital Advisors LLP on whether Europe is the most exciting place for investment.
- Richard Candey, Senior Director – Head of Hospitality for DTZ on the resurgence in deal making across Europe
- And Andrew Taylor, National Head of Leisure for NatWest on London being a very different market to anywhere else in Europe.
If you’ve been sent to this page but you’re not yet on the circulation list to receive these regular briefings and you would like to sign up, you can do so here. It’s free.
Video clips produced by ybc.hpgcms.wpengine.com for the Hospitality Channel, including interviews from industry conferences such as the most recent IHIF conference as well as specific Hospitality Channel shoots.