When COVID-19 struck, the markets reacted. Since the beginning of 2020, REIT returns have nosedived: -60% in retail and hotel sectors, and -30% in residential sector which is usually considered to be a safe asset. In sum: Stock markets are brutal, o…
Michel Roux Jr says high-end and fine dining restaurants will always exist
Michel Roux Jr has said there will always be high-end restaurants “because we will always have those special occasions” when we want to be pampered.
Shake Shack reopens for delivery and takeaway
American burger brand Shake Shack has confirmed it will reopen its central London Tottenham Court Road store today and its Canary Wharf branch on Thursday for takeaway and delivery.
Workplace caterers expect to see increases in pre-ordering, grab-and-go and shift dining
Workplace caterers can expect to see an increase in pre-ordering, grab-and-go dining and diverse shift patterns as workers return, a group of consultants and industry experts have said.
Hilton looks to room seals and de-cluttering protocols to ensure customer ‘peace of mind’
Hilton has said it will deliver an “industry-defining standard of cleanliness and disinfection” as it looks to introduce new measures in its hotels in a bid to reassure customers.
Vacherin grows turnover 14% but forecasts 12- to 18-month coronavirus hit
London B&I caterer Vacherin grew turnover by 14% last year, but says it expects to feel the effects of the coronavirus lockdown on the business for the next 12-18 months.
McDonald’s holds ‘operational tests’ as fast food giants look at partial reopening
McDonald’s has confirmed it will carry out “operational tests” this week as it explores a “potential and limited reopening” of sites.
Charity launches initiative to help increasing number of homeless hospitality workers
Many hospitality workers in London have been forced to live on the streets as the closure of businesses due to coronavirus has left them unemployed and unable to pay rent.
The new blueprint for operating: what operators expect after lockdown
Although the future for our sector is unclear, operators can and should be using this time to plan ahead. But many business leaders advise thinking in terms of a new opening, rather than a relaunch.
Investors: up to 40% of restaurants might not survive coronavirus
As many as 40% of UK restaurants might not survive the coronavirus crisis, according to the industry’s top investors, but opportunities lie ahead for the most innovative operators.