Latest news with #incomegrowth
Zawya
2 days ago
- Business
- Zawya
South Africa: Tourist accommodation revenue rises on strong hotel performance
The tourist accommodation industry recorded a 10.5% year-on-year increase in total income in May 2025, according to data released by Statistics South Africa (Stats SA). Measured in nominal terms (current prices), income from accommodation rose by 12.1% in May compared to the same month last year. This increase resulted from a 10.0% rise in the number of stay unit nights sold and a 1.9% increase in the average income per stay unit night sold. Hotels lead growth Hotels were the main contributors to the May 2025 year-on-year increase, showing a 19.1% rise and contributing 10.6 percentage points to the overall growth. The 'other accommodation' category – which includes lodges, guesthouses, and bed-and-breakfasts – grew by 3.2%, contributing 1.2 percentage points. In the three months ending May 2025, income from accommodation rose by 10.5% compared to the same period the previous year. This was driven by a 12.1% increase in income from hotels (contributing 6.9 percentage points) and an 8.5% increase in 'other' accommodation (contributing 3.1 percentage points). Month-on-month increases continue Seasonally adjusted income from accommodation rose by 3.8% in May 2025 compared with April 2025. This follows a 3.1% increase from March to April. The monthly Stats SA update offers a snapshot of demand trends in South Africa's accommodation sector. All rights reserved. © 2022. Provided by SyndiGate Media Inc. (
Daily Mail
6 days ago
- Daily Mail
Our suburb has been named one of the most gentrified, but it's a complete hellhole! It's 'crack central' and full of rats and chicken shops
Residents living in a London suburb are bemused it has been named as being among the most gentrified parts of the capital - instead insisting it is a 'complete hellhole'. Plumstead, in south east London, has been classed as being among the London neighbourhoods which have gentrified the most rapidly over the last decade, new analysis has found. A study by the Trust for London charity has identified 53 areas where average income has grown by an average of 11 per cent between 2012 and 2020 - compared with a one per cent rise across London. Plumstead High Street is number 38 on the list. The idea of gentrification is typically described as a formerly poor urban area changing in character with wealthier people moving in, an increase in house prices and new businesses being attracted to move in. But residents in the area - both new and old - could not disagree more. Gregory Roberts, 75, who has lived in Plumstead for 52 years, said: 'That's a joke.' He added: 'It's not gentrified, it's abandoned. These surveys are a joke. Why not spend time, effort and money on actually doing something about it rather than just putting labels on things? A study by the Trust for London charity has identified 53 areas where average income has grown by an average of 11 per cent between 2012 and 2020 - Plumstead High Street is number 38 on the list 'It's full of chicken shops, betting shops, corner shops and vape shops. 'There's no hope or opportunity for improvement. All the more traditional shops have gone. The community feeling has gone. 'I don't feel unsafe but it's not great. I'd move if I could.' One resident, who did not want to be named, launched into a passionate tirade against the area. She said: 'It's a rat infested s***hole. It's hell on earth. I hate it. I want to move. It's disgusting. It's dirty. It's a complete hellhole. 'It stinks. There's criminals everywhere. There's crime happening everyday. 'What's gentrified about that? It's crack central. There's drug users and drunks everywhere. 'It's terrible. There's no hope or aspiration. People aren't moving in to better the area. Gentrification means improvement. Nothing has improved.' Shop worker Ahamed Limras, 27, started work at a Premier store in the area on Thursday. On his first day, he said there were four cases of shoplifting in the first six hours. He said: 'Yes, it's been a weird start. I was told to expect shoplifting. But they've just gone mad. They take anything, alcohol, food. 'One was quite a lot. They're very quick. I was warned there would be problems but this has been mad. 'It's a rundown area. It doesn't feel up and coming to me. 'I am not sure what I will do now.' Retired teaching assistant Pat Page, 70, said she does 'not feel safe'. She said: 'I've lived in Plumstead for 45 years. It's as bad as it ever has been. Have the people doing these surveys and analysis actually been here? 'Come and live here for a week, see how gentrified you think it is then. 'In the 1970s it had everything. Now it's chicken shops and corner shops and bookies. 'There used to be 12 pubs, now there's one. That's a decent pub but there used to be 12. They've all gone. It's got worse, so how can someone say it's improving? 'Christ knows what the other areas are like on the list if they think Plumstead is up and coming. It's really, really sad. I used to love it here.' Dinner lady Dianne Lorryman, 70, agreed. She said: 'It's not gentrified. It's dirty for a start. There's no aspiration. 'It's gone right down hill. I don't feel excited about living here. 'It's not good. Look at how run down it is. If people actually put proper effort in to change it and improve, rather than just give it fancy titles, it would help the place a lot more.' Margaret O'Rourke, 81, said: 'Gentrified? That's a joke. There's a lot of crime and anti-social behaviour. There's crackdens everywhere. 'They think having a few high rise buildings will improve property prices and then they can call it gentrified. It certainly isn't that.'
Yahoo
24-07-2025
- Business
- Yahoo
Lloyds reports strong growth as UK economic conditions improve
Lloyds bank has reported a strong financial performance in the first half of the year, achieving income growth and showing continued momentum across the business. The FTSE 100 giant, which includes Lloyd's, Halifax and Bank of Scotland recorded a statutory profit after tax increase of £2.5bn, up 4 per cent year on year, with a high underlying profit of £3.6bn. The bank cited the surge in growth to strategic initiatives and enhanced digital capabilities as well improving UK economic conditions. Strengthening household finances and returning business confidence created favourable conditions for growth across the bank's business lines, with a net income of £8.9bn. Increase in lending Lloyd's saw strong growth in lendings and deposits as underlying loans and advances to customers increased by £11.9bn in the first six months to £471bn, while growth across retail rose by £10.1bn. Commercial banking recorded a rise of £1.2bn. Customer deposits also increased by 2 per cent to £493.9bn, while risk-weighted assets increased to £231.4bn, reflecting the impact of strong lending growth. Net interest income remained steady, increasing by 5 per cent to £6.7bn, however operating costs rose by 4 per cent to £4.9bn due to inflationary pressures as well as business growth costs. Further increases were offset by cost savings and continuing cost discipline. Returns for shareholders Group chief executive Charlie Nunn said, 'We have shown sustained strength in our financial performance in the first half of 2025, with income growth, cost discipline and robust asset quality, driving strong capital generation and increased shareholder distributions, with a 15% increase in the interim ordinary dividend,' 'Our strategic progress and sustained strength in our financial performance allows us to re-affirm our 2025 guidance and gives us confidence in our 2026 commitments. It also underpins our delivery of higher, more sustainable returns for our shareholders.' Despite beating analyst expectations, analysts did not change their recommendation, citing the upcoming the upcoming outcome of the Supreme Court hearing into motor finance, with the group putting aside £1,150m to cover remediation costs to date. Zoe Gillespie, wealth manager at RBC Brewin Dolphin, said, 'Lloyds has delivered another strong set of results, with profits and income beating expectations. Despite interest rates being on a downward trajectory, the bank has also managed to strengthen its net interest margin and secure more customer deposits in a competitive UK banking environment,' 'That said, the big unknown remains the enquiry into mis-sold car financing products, and Lloyds is one of the most exposed financial institutions.' Lloyds reaffirmed its 2025 guidance, and announced an increase to its interim dividend, up 15 per cent year on year, while expressing confidence in its 2026 target of delivering more than £1.5bn. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10-07-2025
- Business
- Yahoo
1 Thing To Do Every Year If You Want To Make More Money, According to a Money Expert
Most wealth-building practices aren't very difficult to comprehend or implement. Strategic investing, budgeting and income diversification are key. But when it comes to making more money specifically at work, the rules are a bit more situation specific — or are they? Is there something all of us can be doing to increase our income? Learn More: Read Next: Sallie Krawcheck, the co-founder of Ellevest, a women's-focused investment platform with more than $2 billion in assets under management (AUM), wrote a piece for CNBC Make It about how to increase your earning power in the workplace. The tactic? Negotiating your salary. This is hardly an unheard of maneuver, but it's one that a lot of people miss out on, perhaps because they don't know their worth as an employee or they're struggling with impostor syndrome or they think it could anger or insult their boss. Go about it tactfully and you have nothing to lose. Here's how to successfully negotiate. Negotiating for more — be it a raise or better benefits — is difficult for some, including those who consistently put 110% into their work and always go the extra mile for their boss. Advocating yourself can be hard for a lot of reasons; what's usually a lot less difficult is advocating for somebody you really care about. So, if you have mixed feelings about negotiating for you, think about the other people in your life who would benefit from a successful negotiation. It can be kids or parents or even a stranger in need of charity. 'If you want a raise, focus on how that raise will help you put funds toward your kids' college educations or your favorite non-profit,' Krawcheck wrote. 'If it's a more flexible schedule, think about how our friends and family may appreciate having us around more.' Find Out: Usually, we set out on a negotiation with our boss with a single goal in mind and usually that goal is more money. This can be a setup for failure if we walk out of the negotiation without a pay raise. Instead of heading into talks dead set on the one thing you want, be open-minded to other types of wins that may be less obvious. 'If you go in with just one ask, you sell yourself short, because if you hear 'no,' you leave empty-handed,' Krawcheck wrote. 'There are many things to negotiate for that can have value for you, and your employer, as you develop your career. This could be a more flexible schedule, exposure to other parts of the company, working on a project with a top manager or even a sabbatical.' Negotiation isn't something to do once or even just a handful of times in your career. It's something you should do on a regular basis. Krawcheck recommended doing it annually. 'You should be having the raise conversation with your boss every year,' she said. 'Ask them, 'What does it take to be successful in my role? What are the metrics I'm being measured against? If I hit these metrics, what kind of career progression and raise should I expect to see?'' If you've read all this and you're thinking, 'Sound great, but this won't work with my boss,' you're surely not alone. A 2022 survey by GoodHire found that only 44% of American workers said their manager was 'open and honest during salary and compensation conversations.' So how do you break through with your boss in order to have a productive negotiation? Consider Krawcheck's recommendation to get into the habit of talking with your boss casually and frequently. 'You don't need to have a serious, sit-down conversation with your manager every month,' she wrote. 'But I do recommend getting comfortable with talking more consistently about compensation and bonuses in a low-stress environment.' More From GOBankingRates Mark Cuban Warns of 'Red Rural Recession' -- 4 States That Could Get Hit Hard 7 Things You'll Be Happy You Downsized in Retirement Warren Buffett: 10 Things Poor People Waste Money On This article originally appeared on 1 Thing To Do Every Year If You Want To Make More Money, According to a Money Expert Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CBS News
02-07-2025
- Business
- CBS News
High incomes and good work-life balance. See which U.S. cities have the best job markets.
When it comes to finding a job, where you look can be just as important as who you know. A new analysis by SmartAsset sought to identify the best job markets around the U.S. by ranking 348 cities based on six metrics: unemployment rate; rate of income growth; percentage of workers with employer-sponsored health insurance; typical commute time; percentage of remote workers; and median housing payments as a share of income. Read on to find which cities have the most to offer U.S. workers. Which cities have the best overall job market? Bend, Oregon, has the top job market in the United States, according to SmartAsset. The West Coast city notched points for its low unemployment rate (3.1%) and high income growth. From 2020 to 2023, the median income in Bend grew 44% — the fourth highest rate after Richmond, Virginia, (50%); Nampa, Idaho, (47%); and Dayton, Ohio, (45%). A hub for outdoor recreation, Bend also stands out for its work-life balance. The median commute time for workers in Bend is 16 minutes, with just over a quarter of the city's population working remotely. Trailing Bend in the No. 2 and No. 3 spots for best overall job markets are Richmond, Virginia, and Seattle, Washington. Which cities have the highest percentage of health care coverage for workers? For workers looking for solid health care coverage, a move to Santa Clara, California, may be worth considering. Over 88% of the population in the southern Bay Area city have private health insurance plans through their employer. Cambridge, Massachusetts, and Bellevue, Washington, follow close behind with roughly 87% of their residents having health coverage through their employers. Which cities have the shortest commutes? Spending large chunks of time sitting on a train or stuck in traffic is not conducive to good work-life balance. For that reason, cities with the shortest commute times contribute to top job market rankings in SmartAssets' study. With a median commute time of roughly 14 minutes, workers in Wichita Falls, Texas, have one the shortest commute times in the country, according SmartAsset. Abilene, Texas, and Topeka, Kansas, workers also spend less time in transit than others, with median commutes of around 14 and 15 minutes, respectively. Which cities are remote-work friendly? When it comes to cities with the highest percentage of remote workers, Frisco, Texas, part of the Dallas-Fort Worth metro, stands out from the crowd, with over 32% of workers conducting their jobs remotely. Berkeley, California, and Charlotte, North Carolina, also embrace work from home with a total 29% and 28% remote workers, respectively.
