Quarter of hotel execs fear Brexit could dent earnings power

British Sterling pound notes are pictured in London, on December 4, 2008.The British pound hit a record euro low on Thursday, while the single unit dipped against the dollar, ahead of expected interest rate cuts from the Bank of England and the European Central Bank. In London trade, the pound dropped to 1.1499 euros — the lowest level since the creation of the European single currency in 1999. AFP PHOTO/Shaun Curry (Photo credit should read SHAUN CURRY/AFP/Getty Images)

A quarter of UK hotel executives fear that Britain’s impending exit from the European Union could negatively impact their earnings power. 

Hotel businesses have had to grapple with currency fluctuations and rising prices since the EU vote back in June – and now it seems that economic doubts surrounding the decision have reached those at the coal face.

Asked what impact they expect Brexit to have on their salary prospects in 2017, 25% of respondents from the UK hotel sector said they think it will decrease their chances of their basic salary increasing, according to initial findings from the Boutique Hotelier Job Satisfaction Survey.

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Just 16% said they think Brexit will increase their chances of their wages going up.

However, 58% admitted they currently have “no feeling either way”, suggesting that the majority of professionals think it is impossible to tell just how much of an effect Brexit will have on salary growth next year.

Full analysis of the Boutique Hotelier Job Satisfaction Survey will continue as the results come in and we are urging everybody to take part in order to create the best possible data.

The survey is completely anonymous and does not require any obligatory contact information to be filled in.




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