Holidaymakers soak up the sun in St Ives, Cornwall. However, while the weaker pound has attracted more foreign tourists to Britain, the nation’s hoteliers have been hit by rising costs and a shortage of skilled staff matt cardy/Getty ImagesThe weak pound may have proved a boon to British hotels, but the rising cost of imported goods is starting to put a squeeze on margins while filling job vacancies is proving a challenge. According to a report by PWC, the accountancy firm, the slump in the value of sterling has attracted more foreign tourists, helping the hotel industry to withstand the impact of the terrorist attacks in London and Manchester. However, the report predicts that growth next year will be slower because of a deceleration in the economy, some waning of the effect of the weak pound on tourism and a big increase in new room supply. According to data from AM:PM, the consultancy, the number of new rooms in London will increase by…

Source: The Times September 19, 2017 23:02 UTC