Finally, there is some good news for hoteliers in the UK.

According to Simon Calder, travel editor for the Independent newspaper: "There will be a substantial switch this year from overseas holidays to UK holidays..."

This means it's an ideal opportunity for hoteliers across the UK to tap into a new customer market. Differentiating your hotel from your competitors' is a good way to attract new customers. When refurbishing, you can, for example, install the latest gadgets such as Tassimo coffee makers or upgrade to the latest digital flat screen TVs. However, the cost of refurbishment and equipment upgrade can be prohibitive.

BHA's corporate partner Comet Business Services' leasing proposition could be the answer, proving refurbishing does not need to be a costly experience. You can purchase your products and equipment from Comet Business Services and then pay a low, fixed monthly cost. Comet even let you know how much you will paying on a daily basis so you could add it to the room rate.

There are a number of benefits to leasing including the fact that rentals are 100 per cent allowable against corporation tax and it eases budgeting.

For more information about leasing contact BHA corporate partner Comet Business Services on 0844 499 2828.