As investors in the travel industry we often need to predict the future, or at least get some orientation around it. Today this is particularly challenging, as the COVID pandemic is unpredictable and we still don’t know everything about it. While we…
Winding-up petitions increase by 165% in 2020, with further surge expected when ban ends
The number of winding-up petitions issued against restaurants increased by 165% in the first four-and-a-half months of 2020, with a further surge expected when the government’s temporary ban is ended.
Travelodge landlord threatens legal action over rent payments
Travelodge has been accused of “using strong-arm tactics” to “tear up leases” as a landlord threatens legal action to secure rent payments from the hotel giant.
Government must act on rent before June payments due if businesses are to be saved
Government intervention is needed to settle rent disputes during the coronavirus crisis if widescale job losses and business failures are to be avoided in the coming months, UKHospitality has said.
‘Hammer blow’ immigration bill to return to Commons today
The government’s immigration bill, described as a potential ‘hammer blow’ to the hospitality industry, is to return to the House of Commons today.
David Urquhart Group’s hotel businesses to be wound up and sold
The hotels subsidiary of the David Urquhart Group is set to be wound up as three of the group’s companies lodged proposals to enter a Company Voluntary Arrangement (CVA) earlier this month.
Report from China shows ‘polarised’ consumer attitudes around eating and drinking out
‘Polarised’ consumer attitudes to eating and drinking out have been seen in China’s bar and restaurant markets including in Wuhan, the epicentre of the Covid-19 crisis, since lockdown restrictions were lifted, according to a report by CGA.
Accor announces additional €560m banking credit facility and reports ‘initial signs’ of recovery
Accor has announced that it has signed an agreement with a consortium of five banks for a new €560m (£499m) Revolving Credit Facility (RCF).
Paper Round and Vegware launch commercial compostables service
As foodservice potentially shifts to the use of more disposables for hygiene reasons, a new composting partnership offering a sustainable waste management solution for businesses in London, Brighton, and Sussex has been launched.
The Resident plans first Scottish hotel
The Resident, formerly Nadler Hotels, has revealed plans for its first Scottish property in planning documents submitted to Edinburgh City Council.