Is there a growing feeling in the UK economy that the seeds of
recovery may well be taking root and that the shoots of new growth
may well be seen as soon as the final quarter of 2009?
RICS announced today that "house values were on the increase",
the bank of England held the interest rate at 0.5%, car sales are
improving and Barclays and HSBC announced respectable profits. So
are we seeing a positive turn in the economy?
In terms of the Hotel and Leisure sector, we are noticing that
for the first time in year, management training and conference
bookings are ahead of the run rate at the same point in the
calendar in 2008. The rolling forecast looks more healthy than it
has been since the beginning of the year and rates are steadily -
if slowly - working their way back to sustainable levels.
The wholly positive side to the last twelve months has been the
continued growth in our Spa and Leisure business. Short breaks and
personal pampering seem to have become an essential rather than an
indulgence, as both business and family pressures have become more
intense. The Leisure Club initially lost over 100 members as the
uncertainty became reality - but with the huge reductions in
mortgage rates, more acceptable fuel prices and thereby a sharp
increase in disposable income for many, the numbers are now
re-building quickly.
Well, if it is indeed the case that we may be on the way out of
this gloom then businesses need to be prepared to meet the
expectations of both customers and shareholders. Over the last
year, UK industry has been hit hard, none more so than the big
brands, such as BA, Woolworths and RBS - and at the same time many
small businesses have disappeared, particularly those in the retail
sector on the High Street. The majority have of course adapted and
continue in business. They have done so by cutting costs, reducing
manpower and driving the remaining individuals hard. Reducing
training and development, putting a hold on rewards and
recognitions schemes and expecting longer hours to be worked for
the same or less pay.
Employees worth their salt have grafted, and seen this last year
as an opportunity to earn trust, respect and gain valuable
experience within their organisation. If we believe that we are now
'on the up' then our trusted, respected and valuable employees will
have choices. They will be sought out by those looking for talent
and possibly enticed away by those businesses now looking to invest
in their teams and human resource once again.
Whittlebury Hall Hotel and Spa, as a leading Management Training
Centre, is seeing bookings for just such investment increasing and
a number of clients that have spent the last several months
re-structuring and changing their business processes are now
looking to train and develop the team that will take their business
through into recovery. There are many ways in which individual
companies and organisations approach this investment, varying from
intensive and certificated technical training, that needs an
efficient learning environment, to motivational time spent together
so that a new sense of purpose and belief in the future can be
shared and absorbed. Whatever the approach adopted, there has never
been a better or more cost-effective time to use professional
facilities to add value through improved skills and enhanced
business techniques. If you combine genuine hospitality, a clear
understanding of client objectives and the resources to be able to
achieve those objectives then you will find yourself calling
Whittlebury Hall Management Training Centre, Hotel and Spa.
Michael Stott, Director of Sales and Marketing says ,"You can
not enjoy the view without climbing the hill, and businesses need
to start that climb now, back on the road to recovery. They need to
invest in staff so that they hit the ground running at full pace by
the time the economic cloud lifts."