Jobs are particularly vulnerable to the impact of coronavirus in areas most dependant on hospitality and tourism, according to a thinktank, with up to one in three jobs at risk.
Pub group 16 Hospitality falls into administration
Pub group 16 Hospitality, which owns and operates four pubs across Cheshire and Anglesey, has fallen into administration.
Beer duty ‘huge blow’ to pubs and brewers after government refused to defer payment
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
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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…