Question to the Department for Digital, Culture, Media & Sport:
To ask the Secretary of State for Culture, Media and Sport, what evidence her has received on the challenges facing independent hoteliers.
The Government is committed to supporting the hospitality sector as a valuable contributor to the UK economy. While DBT oversees the wider hospitality industry, DCMS holds policy responsibility for accommodation including hotels so I am replying as the Minister responsible. Both departments receive industry evidence through direct stakeholder engagement and through the Visitor Economy Advisory Council (VEAC) and the Hospitality Sector Council respectively. Following a recent VEAC meeting at the IHG Kimpton Fitzroy, I was pleased to visit the hotel and see firsthand the excellence and professionalism of our hotel sector.
The Government is providing a number of targeted support measures for hospitality businesses, including permanently lower tax rates for eligible retail, hospitality and leisure properties. These new tax rates are worth nearly £900 million per year and will benefit over 750,000 properties.
The Government has set out a package of five pro-growth regulatory changes for the retail and hospitality sectors. The Government has also committed to reviewing the methodologies by which pubs and hotels are valued for business rates purposes and will, if necessary, make changes to ensure these valuations accurately reflect the rental market for these properties at the next revaluation.