# EU could face gas shortage next year, IEA warns Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2018-05-29 Category: LIFESTYLE Category URL: https://financedigest.com/category/lifestyle Meta Title: IEA warns of potential gas shortage in Europe next year Meta Description: The International Energy Agency cautions that Europe could face a gas shortfall in 2023 if Russia cuts supplies further, urging faster action on energy savings URL: https://financedigest.com/eu-could-face-gas-shortage-next-year-iea-warns-2html ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/hotel-52-stanley-1737287605404-compressed.jpg) - **Surrenden Invest presents Hotel 52 Stanley to investors, after £1.5 million renovation** - **Budget hotel rooms traditionally operate at higher occupancy rates (PWC)** - **Affordable boutique hotels are redefining budget accommodation (Surrenden Invest)** - **UK hotel RevPAR to reach 2.3% in 2018 (PWC)** ![Hotel-52-Stanley](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/hotel-52-stanley-1737287605404-compressed.jpg) The March 2018 PWC UK Hotels Forecast Update has noted “solid metrics and in many cases record occupancies” in [key regional](https://www.financedigest.com/benzylamine-market-top-key-players-latest-trends-regional-insights-and-global-industry-dynamics-by-2026.html "Benzylamine Market Top Key Players, Latest Trends, Regional Insights and Global Industry Dynamics By 2026") cities around the UK. Indeed, regional occupancy levels have been climbing since 2011, with budget rooms traditionally operating at high occupancy rates, according to PWC. There is an ongoing structural supply shift towards more affordable rooms, as new contenders seek to redefine expectations of ‘budget’ rooms. As a newly opened affordable boutique hotel, [Hotel 52 Stanley](http://r20.rs6.net/tn.jsp?f=001ccFOwPXacwzjG2u0gTWC35Y1VwNtbAp402j8funEQHt0wesWOHhWzpeXG5QCsQt8tGiD5WH7J5Tn29xJ0RwEP83JPUKAeU3UrDD4nMir2qewBDPrKMYD3DiGyI13WVcfzmc6OnY6EEpg9msSADU2fIhGbtz8xE4Mjowp2FkJNIDJW_cHOhfhY36-ouh8zz8nb-Diue-eeB-ifv8nyQCd6V4vrGB60L4DjMRjeLSPTk6FYC3CA8i3u5YOkDMropHKttYCtaEyIMoCxhRIeVb6CaCpig7V-k-9&c=9W9Yx-csJ1m63XUqQXYNcn1rqaO3lctWSQb4HUNHafbisUsl1Q_K3Q==&ch=ULGLoCr6BZjtnnfivAYoi2ewXP39hs1rjsqHbJ6vRy8sC8-Tc_2TNw==) does just that. Nestled between Durham and Newcastle, in the former mining community of Stanley, the hotel offers exceptional style at a budget price. “There’s a stark difference between ‘budget’ and [‘basic’ these days](https://www.financedigest.com/basic-material-luxury-stocks-drive-european-shares-to-a-third-day-of-losses.html "Basic material, luxury stocks drive European shares to a third day of losses") in the UK hotel sector. Chic furnishings, free Wi-Fi, sumptuous breakfasts… all of these are contributing to a new breed of budget-boutique hotels that appeal to travellers looking to get more for their money. “Holidaymakers want the best, but at a decent price that’s affordable for the whole family. [Business travellers](https://www.financedigest.com/foreign-business-travel-missing-ingredient-for-irish-hotel-recovery-dalata.html "Foreign business travel missing ingredient for Irish hotel recovery – Dalata") are also looking to get more for their money, which has created a real opportunity for this corner of the hotel market.” ![Jonathan Stephens](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/jonathan-stephens-250x270-1737287605324-compressed.jpg) Jonathan Stephens **_Jonathan Stephens, MD,_** [**_Surrenden Invest_**](http://r20.rs6.net/tn.jsp?f=001ccFOwPXacwzjG2u0gTWC35Y1VwNtbAp402j8funEQHt0wesWOHhWzl7EFqOKGxpczcDFswQKXlk0MJ4hd1PcClPkmPsova3NM1vtfcn8WgGS0b2wt3WpV4c-qwVEKVriOgADhHoHxp120UGcrX533MMfwq-LQSyDI4JDbna8gL8t8Mhcqlg5RA==&c=9W9Yx-csJ1m63XUqQXYNcn1rqaO3lctWSQb4HUNHafbisUsl1Q_K3Q==&ch=ULGLoCr6BZjtnnfivAYoi2ewXP39hs1rjsqHbJ6vRy8sC8-Tc_2TNw==) Hotel 52 Stanley underwent a £1.5 million renovation in 2017, before [opening its doors](https://www.financedigest.com/fed-delivers-small-rate-hike-opens-door-to-pause-in-tightening-cycle.html "Fed delivers small rate hike, opens door to pause in tightening cycle") to the public in December. The hotel now offers elegant rooms at affordable rates, with the adjacent, well-regarded Pazzo restaurant hosting lavish breakfasts and offering a wide range of lunch and dinner options. There’s also a cocktail menu, which is proving particularly popular with holidaymakers looking to unwind after a long day’s sightseeing. And there’s certainly plenty of that to do in the local area. City break devotees have the historic architecture of Durham, with its UNESCO [World Heritage protected](https://www.financedigest.com/fund-nature-protection-now-or-face-huge-losses-says-world-bank.html "Fund nature protection now or face huge losses, says World Bank") cathedral and castle, as well as the lively shopping and dining scene of Newcastle within easy reach. Meanwhile, those who prefer a rural escape will find the stunning North Pennines Area of Outstanding Natural Beauty just a few minutes from Hotel 52 Stanley. The area is also home to the [‘living’ Beamish museum – an open-air experience of life](https://www.financedigest.com/how-to-live-an-extraordinary-life.html "How to Live an Extraordinary Life") in years gone by that’s not to be missed. **_“One of the exciting aspects of Hotel 52 Stanley is the breadth of entertainment and business options that surround the hotel. Durham, Newcastle and Gateshead are all nearby, with excellent transport connections in place. Meanwhile, the surrounding rural beauty means that the hotel appeals to a wide variety of guests. It’s a very versatile establishment that provides the perfect-price point for travellers who want a fantastic base for their break, at an affordable price.”_** **_Jonathan Stephens, MD, Surrenden Invest_** ![PWC-UK-Hotels](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/pwc-uk-hotels-1737287605378-compressed.jpg) [Hotel 52 Stanley has cause to delight investors](https://www.financedigest.com/why-are-investors-checking-out-of-uk-buy-to-let-and-checking-in-to-hotel-investment.html "WHY ARE INVESTORS CHECKING OUT OF UK BUY-TO-LET AND CHECKING IN TO HOTEL INVESTMENT?") as well as guests. The hotel’s 23 apartments include doubles, twins, triples and family suites (all of which come with a fully equipped kitchen), meaning that investors have an excellent range of [price points](https://www.financedigest.com/gas-price-surge-pushes-europes-ceramics-industry-to-breaking-point.html "Gas price surge pushes Europe’s ceramics industry to breaking point") to choose from. Furthermore, PWC has projected average daily rate growth of 2% for UK hotels in 2018, with [revenue per available room reaching 2.3% over the course of the year](https://www.financedigest.com/german-tax-revenues-fall-in-august-for-first-time-this-year.html "German tax revenues fall in August for first time this year"). Whichever way you look at it, it seems that regional budget-boutique hotels will [continue to be big business in 2018 – for travellers and investors](https://www.financedigest.com/southampton-development-continues-to-excite-local-investors.html "SOUTHAMPTON DEVELOPMENT CONTINUES TO EXCITE LOCAL INVESTORS") alike. [Investment into Hotel 52 Stanley is from £57,500 with 10% NET yield offered for years](https://www.financedigest.com/halfway-through-2021-what-can-you-do-now-to-finish-the-2021-investment-year-strong.html "Halfway through 2021, what can you do now to finish the 2021 investment year strong?") 1-5. --- This blog is powered by Superblog. 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