Why rateable values jumped in 2026
The 2026 rating list is based on rental and trading evidence from around April 2024, replacing the 2023 list's 2021 base date. Hospitality trading recovered strongly after the pandemic-era lows the 2023 list partly reflected, and room rates, food and drink prices rose sharply over that period — both push valuations up, independent of any change to the property itself.
| Category | Properties, England & Wales | Total RV change | Mean RV, 2026 |
|---|---|---|---|
| Hotels, 4-star and above, and chain 3-star | 4,000 | +96.8% | £567,000 |
| Hotels, 3-star and under | 3,440 | +36.2% | £53,600 |
| Pubs with lodge/rooms | 440 | +69.5% | £213,900 |
| Holiday centres | 80 | +73.7% | £1,400,000 |
| Caravan and camping sites | 3,000 | +20.0% | £42,600 |
| Pubs and pub restaurants | 39,100 | +30.2% | £40,300 |
| Guest and boarding houses | 6,940 | +30.7% | £9,700 |
| Restaurants | 30,410 | +13.7% | £45,500 |
| Cafes | 17,190 | +14.2% | £17,500 |
| All properties, England and Wales | 2,140,000 | +19.4% | £39,600 |
VOA 2026 compiled-list statistics, GOV.UK, 2026. As of 2026. Total RV change, not the median property change — the two are different figures and this site never mixes them.
Hotels moved the most because their valuations are trade-based and most sensitive to the recovery in occupancy and room rates. Pubs and restaurants moved less because a larger share of their valuation reflects property characteristics that don't move as fast as trading income.
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