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Interested in Travel Businesses for Sale? BizTrader offers a variety of travel businesses for sale, catering to different aspects of the travel and tourism industry. Whether you’re looking to buy or sell a travel agency, tour company, or other travel-related business, you can find opportunities on our platform. The travel industry encompasses a wide range of services, including travel agencies that help customers book flights, hotels, and vacation packages, as well as tour operators that organize guided tours and travel experiences. If you’re interested in entering or expanding in the travel sector, explore the travel businesses listed on BizTrader to find the right opportunity for you. Sellers can also use our platform to showcase their travel businesses to potential buyers.

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BizTrader emerges as the paramount platform for individuals and entities aiming to either buy or sell businesses. Recognizing the intricacies of business transitions, BizTrader is engineered to streamline and simplify these often complex processes.

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“UK’s First Vegan Hotel” Goes on the Market in Scotland

Image: Saorsa 1875 on Facebook

An 11-bedroom establishment described as “the UK’s first vegan hotel” is up for sale in the Scottish town of Pitlochry, inviting offers of around £950,000.

Called Saorsa 1875 , the hotel was founded on the principle that “the correlation between style and animal products is outdated”. It caters to vegans, vegetarians, and those who are curious about a plant-based lifestyle.

The hotel has a lounge bar and restaurant, serving plant-based meals made with local, seasonal, and foraged produce; craft beers, wines, and cocktails are also available. Outside, visitors can enjoy large gardens with woodland walks, and there is also a yurt that can be used for retreats or private functions.

Since opening in 2019, Saorsa 1875 has welcomed numerous guests, including celebrities such as comedian Alan Carr. Owner Sandra McLaren-Stewart said that business remained strong but she and her family were moving on to a “new and exciting” project. She added that the hotel will remain open until a buyer is found.

Vegan accommodation

Vegan-friendly accommodation is slowly becoming more popular, with Yorkshire’s Beck Hall claiming to have become England’s first fully plant-based hotel last December. Elsewhere in the world, vegan rooms are now offered in luxury Abu Dhabi hotel Emirates Palace and Dubai’s NH Collection Dubai The Palm , complete with animal-free furnishings and bathroom amenities.

“Our family founded the Saorsa Group in Pitlochry, Scotland in 2018 as an extension of our own way of life; one that’s grounded in an appreciation for design, food, culture, and connection,” says the Saorsa 1875 website. “Housed within a 19th-century baronial edifice, the hotel’s bohemian stylings and eclectic furnishings offer the perfect antidote to the frantic pace of modern living.”

The listing for the hotel can be viewed here .

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Money latest: Interest rates could go lower than markets expect, BoE suggests - and June reduction 'not ruled out'

The Bank of England has held the base interest rate at 5.25% - bad news for mortgages but good for savers. But there are strong hints a base rate cut is coming - and it's "not ruled out in June". Read this and the rest of today's consumer news below in the Money blog.

Thursday 9 May 2024 14:20, UK

• Interest Rates

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Interest rates

• Interest rate held at 5.25%
• June rate cut 'not ruled out but not fait accompli' - BoE
• Cuts may take interest rate 'lower than currently priced into market'
• Ed Conway analysis : Waiting game almost over - but Bank needs to be bold to jump US
• Cut would be good news for mortgages but bad for savers

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City editor Mark Kleinman   has revealed that high street billionaire Mike Ashley is closing in on a deal to become the new British partner of struggling fashion chain Ted Baker.

He learnt that Frasers Group had emerged as the preferred partner for the chain following the collapse of No Ordinary Designer Label (NODL), Ted Baker's existing UK licensing partner.

It is hoped a deal could be agreed over the coming days - read more on this story here ...

Eating ultra-processed meat is linked to an increased risk of early death.

A Harvard study over 30 years tracked more than 114,000 adults.

The highest risks were linked with the most processed meats such as sausages and ham. 

Regular eaters had a 13% higher chance of dying over the 34 years tracked.

Diets high in sugary and artificially sweetened drinks had a 9% increased risk, the study found.

The used car market increased by 6.5% in the first quarter of the year , with sales of over 1.9 million vehicles, new figures show.

The Society of Motor Manufacturers and Traders (SMMT) says the total reveals the strongest start to a year since pre-pandemic 2019.

Sales of used hybrids also increased.

That's all from an enlightening news conference in which we heard an interest rate cut in June hadn't been ruled out - and that rates could fall more than markets expect. 

Scroll through to read and watch some of the key moments - meantime, we'll return to general money and consumer news.

We're now hearing the final questions of this news conference. 

The governor of the Bank of England is asked if August is more likely than June to see the Monetary Policy Committee cut interest rates. 

"Nice try to introduce the 'is it June' question again," Andrew Bailey says with a smile.

"We're going meeting by meeting," he adds, stressing that more data [which will be at the MPC's disposal over the coming months] will allow them more visibility and more scope to make a decision."

Our  economics editor Ed Conway  is next to ask the governor a question.

He asks whether increasing government interest in the Bank's workings has any influence on an interest rate cut.

"We [the Monetary Policy Committee] never discuss politics," Andrew Bailey replies. 

"We are an independent central bank, we have a remit and it is our duty to exercise that remit at all times."

"Our remit applies at all times, so it [politics] isn't a consideration."

Asked if inflation dynamics in the UK are different to the US, Andrew Bailey says there is no law that says the US moves first on interest rate cuts and everyone else afterwards.

"There is no law," he says.

"Moreover, we have a remit and target which is related to domestic inflation in the UK.

"We're an open economy so we take the rest of the world into consideration 

"But there is no law to say we can only move once the Federal Reserve (central bank of the US) moves."

There is a feeling among economists that, although the US often leads, the European Central Bank may be the first to move with an early June cut.

This could, it has been suggested, push the UK to cut on 20 June.

We move on to how the Bank intends to cut interest rates. 

"To make sure that inflation stays around the 2% target - that inflation will need to be too high nor too low - it's likely that we will need to cut Bank rate over the coming quarters and make monetary policy somewhat less restrictive over the forecast period," Andrew Bailey says.

Crucially, he adds, the Bank may cut "more so than currently priced into market rates".

Heading into today, markets expected a rate cut this summer - most likely August. They were pricing in up to three cuts this year - leading us to 4.5% by December - but the governor is suggesting we could go below that figure. 

"We have no preconceptions about how fast and how far we might cut Bank rates," Mr Bailey continues. 

"Instead, we will continue to look carefully for evidence that the outlook for inflation is consistent with the 2% target.

"Given the decisions we have already made, we will reach a new decision on the appropriate level of Bank rate based on the evidence at each meeting."

Andrew Bailey moves on to medium-term inflation and says it will rise from 2% to 2.5% by the end of year and then fall back next year.

He forecasts it will fall to 1.9% in two years and to 1.6% in four years.

"This projection reflects our view that we're making very good progress in returning inflation to the 2% target," he says.

"In fact, the projection suggests that inflation could fall below the inflation target towards the end of the forecast period."

Andrew Bailey opens the media conference. 

"Inflation is now falling to just above 3%, and we expect it to be close to the target in the coming months," he says, referencing the 2% targeted by the Bank. 

"That's encouraging, but we are not yet at a point where we can cut bank rates," noting that inflation will likely rise later in the year. 

He says recent data showed few surprises - which is welcome news. 

"This absence of data surprises is an indication that we're now getting back to more normal times, at least compared to the highly unusual period we've been living through with a global pandemic and a major war in Europe."

He adds: "More data will help us to extract the signal from the noise and help us to judge whether or not we are on track to bring inflation back to the 2% target sustainably." 

He then turns to when a cut in interest rates could be expected. 

"A change in Bank [interest] rates in June is neither ruled out nor a fait accompli," he says. 

We're now hearing from Bank of England governor Andrew Bailey and some of the Monetary Policy Committee. 

They'll be outlining why they decided to hold interest rates at 5.25%, and facing questions from journalists including our  economics editor Ed Conway .

Follow along live here. 

We've had some reaction from trade union Unite.

General secretary Sharon Graham criticised the decision by the Bank of England to hold the interest rate at 5.25%. 

"The Bank of England needs to stop delaying and act. 

"They were wrong when they blamed workers for rising inflation, and they are wrong again today. 

"Leaving the base rate at this 16-year high does nothing for falling real wages and living standards. 

"Workers cannot be made to pay for a crisis they did not create."

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