Brewers are under further financial strain after the government rejected a blanket deferral of £750m beer duty payments, due on 25 April, for beer produced in March in a move that has been called a ‘huge blow’ to the industry.
FEA and CEDA seek government support in the face of coronavirus
UK trade associations the Foodservice Equipment Association (FEA) and CEDA have written a joint letter to the prime minister, calling on the government to give the same support to the foodservice equipment industry as it has to the hospitality sector.
‘Everyone will need to adapt’: Michelin-starred Oxford Kitchen to be replaced by simpler concept
The Michelin-starred Oxford Kitchen will close and be replaced by new concept 251, with executive chef Paul Welburn explaining that things will not be the same when restaurants are able to reopen and “everyone will need to adapt”.
Covid-19 hitting European hotel revenue and profit ‘three times harder than the financial crisis’
The impact of the Covid-19 outbreak in Europe has hit hotel revenue and profit approximately three times harder than the global financial crisis and four times harder than 9/11, according to HotStats.
COVID-19 Hotel Recovery Strategy: Top 10 Digital Strategies to Thrive in the “New Normal” when Travel Demand Strengthen
As we push to flatten the curve of the Coronavirus (COVID-19) pandemic globally, it is important to plan for the immediate rebound in travel as well as the long-term impact of COVID-19 as travel demand strengthens. According to a special forecast fr…
Restaurants, hotels and gyms face up to a future of social distancing
Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up …
Global Hotel Profit Rocked by COVID-19 – HotStats Reports
In the first analysis of full profit-and-loss performance since the COVID-19 pandemic swept through the global hospitality industry, March was expectedly a brutal month, with the U.S., Europe, Asia and Middle East all recording year-over-year profit…
Black Swans, Dodos and Phoenixes – An ecological perspective of the regeneration of the travel industry?
A year ago the hospitality sector was on a roll: Dan Reed started a Forbes article in April 2019 with the following sentence ‘The travel and tourism sector grew more in 2018 than all other economic sectors but one, adding a record $8.8 trillion to t…
Will the COVID-19 Pandemic Presage Another Once-a-Decade Contraction in Tourism?
A difficult time on the horizon Had the novel coronavirus not occurred, 2019 would have been hailed as another year of stellar growth in the global tourism industry. The strongest growth would have been recorded in the Asia-Pacific region not only a…
Difference Between Expense and Investment – Hospitality Financial Leadership
In the hotel business we need to be relevant and on top of the key issues that make our venture successful and ultimately sustainable in the long run. This piece is about how we can differentiate between expenses and investments to make sure we reco…