Conversation between @Hoteldesigns @Subutcher @Brickonomics and @Noblefrancis
My estimate is that the Olympics are costing construction companies around £400million a month in work postponed because of the games
— Hotel Designs (@HotelDesigns) July 30, 2012
@HotelDesigns how did you work that out? Wonder what @brickonomics and @noblefrancis think
— Su Butcher 💚 (@SuButcher) July 30, 2012
@SuButcher I reckon the Olympics have cut over £400million a month from amount spent by hotels on refurb etc. for each of 3 months
— Hotel Designs (@HotelDesigns) July 30, 2012
@HotelDesigns isn't there a knock on effect though? Extra builds/refurbs in advance?
— Su Butcher 💚 (@SuButcher) July 30, 2012
@SuButcher @brickonomics @noblefrancis My view is that normal annual spend on construction hospitality is between 5.5 & 6.5billion annually
— Hotel Designs (@HotelDesigns) July 30, 2012
@SuButcher There may have been but that would have been in 2010 & 2011, and extra to my estimates. Some think the contrary —>
— Hotel Designs (@HotelDesigns) July 30, 2012
@SuButcher —>there is some belief that in fact in the year or so before Olympics many didn't refurb but postponed until after Olympics
— Hotel Designs (@HotelDesigns) July 30, 2012
@HotelDesigns let's hope they don't change their minds
— Su Butcher 💚 (@SuButcher) July 30, 2012
@SuButcher Either way it seems Olympics could have taken 1.2 to 1.5 billion out of construction
— Hotel Designs (@HotelDesigns) July 30, 2012
@SuButcher I think design practices are quiet, very few vacancies, indicating no great build up in design, so maybe no recovery?
— Hotel Designs (@HotelDesigns) July 30, 2012
@hoteldesigns "without Government support we are probably condemned to a couple more grotty years in construction." http://t.co/2S7Zr9kV
— Su Butcher 💚 (@SuButcher) July 30, 2012
@SuButcher Its not support but the right economic climate – VAT on old buildings, taxation, N.I., training, the elf,all are oppressive
— Hotel Designs (@HotelDesigns) July 30, 2012
@HotelDesigns @SuButcher didn't hotels spend the last 3 yrs /upgrading FOR the Olympics?
— James Rock (@James_Rock) July 30, 2012
“@James_Rock: @HotelDesigns @SuButcher didn't hotels spend the last 3 yrs /upgrading FOR the Olympics? > see Patricks recent reply!
— Su Butcher 💚 (@SuButcher) July 30, 2012
@HotelDesigns @subutcher Do you work everything out in blocks of £400m? 😉
— DannyUK (@DannyUK) July 30, 2012
@DannyUK @hoteldesigns lol hardly!
— Su Butcher 💚 (@SuButcher) July 31, 2012
@SuButcher @hoteldesigns I only say that as the two tweets you retweeted had that figure 😉
— DannyUK (@DannyUK) July 31, 2012
@hoteldesigns "without Government support we are probably condemned to a couple more grotty years in construction." http://t.co/2S7Zr9kV
— Su Butcher 💚 (@SuButcher) July 30, 2012
@SuButcher @noblefrancis @HotelDesigns 5% of all construction on hospitality seems a bit high but wld need to check.
— brickonomics (@brickonomics) July 30, 2012
@SuButcher @noblefrancis @HotelDesigns almost all construction on hospitality stopping because of Olympics seems odd. Interesting if true
— brickonomics (@brickonomics) July 30, 2012
@SuButcher @noblefrancis @HotelDesigns hard to make reasoned comment without more detailed look. Interesting though
— brickonomics (@brickonomics) July 30, 2012
@SuButcher I reckon the Olympics have cut over £400million a month from amount spent by hotels on refurb etc. for each of 3 months
— Hotel Designs (@HotelDesigns) July 30, 2012
@HotelDesigns @SuButcher @brickonomics £6bn sounds high for hospitality construction per year although that could be total project value…
— Noble Francis (@NobleFrancis) July 30, 2012
@HotelDesigns @SuButcher @brickonomics … to take the time of Olympics (& presumably Paralympics) & av. spend per year is too simplistic…
— Noble Francis (@NobleFrancis) July 30, 2012
@HotelDesigns @SuButcher @brickonomics … lots of construction/refurb was done for, & speeded up in time for, the Olympics.
— Noble Francis (@NobleFrancis) July 30, 2012
@NobleFrancis @SuButcher @brickonomics Total project value based on average refurb at £15K per room, new build at around £250K
— Hotel Designs (@HotelDesigns) July 31, 2012
@NobleFrancis @SuButcher @brickonomics One construction company estimated construction work alone at in hospitality over £4billion, ex FF&E
— Hotel Designs (@HotelDesigns) July 31, 2012
@NobleFrancis @SuButcher @brickonomics adding in FF&E could double that figure – I was more conservative in coming to a value of £6.5billion
— Hotel Designs (@HotelDesigns) July 31, 2012
@NobleFrancis @SuButcher @brickonomics I don't believe more was done prior or speeded up – banks would not lend to hotels, many overborrowed
— Hotel Designs (@HotelDesigns) July 31, 2012
@James_Rock @SuButcher My understanding is that whilst many did, many others were bust or couldn't get funding,activity levels normal to low
— Hotel Designs (@HotelDesigns) July 31, 2012
@SuButcher @DannyUK @HotelDesigns in 2009 I did post-crash Con Sector forecast that predicted big activity fall after 1st qtr 2012 – logical
— James Rock (@James_Rock) July 31, 2012
@SuButcher @DannyUK @HotelDesigns without prep for Olympics just think what state the UK economy, and Cons would have been in during 2010/11
— James Rock (@James_Rock) July 31, 2012
Leave a Reply