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.
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).
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.
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.
NTIA accuses insurers of denying valid claims from ‘financially crippled’ operators
The Night Time Industries Association (NTIA) has claimed that big-name insurers including Hiscox have rejected “legitimate” claims for business interruption pay-outs made by hospitality operators, further adding to the industry’s ‘turmoil’ .
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.
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.
5 Steps on the Path to Reopening This Month
You can feel the energy. More of us are getting eager to travel and here’s the deal: Smart money says much of the first round of travel will be local and primarily via car.Public transit (planes, trains, and subways) are a no go for many of the wary…
COVID-19 Resource: Global brands & Associations introducing Cleaning Standards – 6 Updates
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IHG® Hotels & Resorts offers a fresh take on clean
As the world adjusts to new travel norms and expectations, IHG® Hotels & Resorts is enhancing the experience for its hotel guests around the world, by redefining cleanliness and supporting guests’ personal wellbeing throughout their stay. Using new,…