With an uncertain political backdrop affecting many areas of our lives, we head into autumn with a renewed commitment to both our guests and our teams to pull together and do everything we can to support one another.
We recognise the months ahead may be tough, but we continue to make strong progress and I’m grateful for the hard work and dedication of our teams who are at the heart of the HOST offering.
As a business we have seen positive results during the summer months, including the acquisition of our second hotel. The Abbey Hotel in Cheltenham officially became part of the HOST family in August 2022 and following a transitional period, is now welcoming its first guests.
The Royal Ashton Hotel in Taunton continues to perform well with the teams achieving exceptional results as we approach our first full year of operation.
In light of soaring energy costs, we remain optimistic about the Government’s commitment to support the construction of new nuclear plants in the UK. In one of his final acts as Prime Minister, Boris Johnson committed to investing £700m in a major nuclear power station, Sizewell C in Suffolk. As projects like this get underway, we expect to see increased demand for temporary worker accommodation.
We are delighted to be launching an exciting new self-catering accommodation option for the teams working on the HPC project. From November, the first phase of accommodation will be available at Brean, a coastal village close to Burnham-on-Sea. Guests will benefit from a home-from-home style of accommodation as well as access to multiple leisure facilities.
As always, these positive developments wouldn’t be possible without the commitment and hard work of our teams and I thank you for your ongoing support.
Tim Jones, CEO