British multinational hotel and restaurant group
Global markets have closed mixed as investors await Nvidia’s results and the Jackson Hole speeches, with oil pricing edging lower amid tensions over Iran and sanctions signals.
The government has given English mayors the power to charge an overnight visitor levy as a percentage of accommodation costs with no statutory upper limit. Industry groups and major hotel chains have warned the uncapped power will push up prices, reduce demand and cost jobs; mayors argue revenue will fund local services and infrastructure from 2028.