Finance
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InterContinental Hotels Group (IHG) saw its worldwide revenue per available room (revpar) increase by 5.3% during the first three months of the year.
Posted: 10 May 2007 | 10:45
Consolidation, disposals, sales and acquisitions have come to define the pub and bar market as the sector prepares for the reality of a UK-wide smoking ban and reaps the rewards of growing property values. Christopher Walton reports
Posted: 10 May 2007 | 00:00
Sean Quinn, owner of Quinn hotels and Quinn public houses, topped Mentmore Towers owner Simon Halabi by £50m to become the richest man in hospitality in this year's Sunday Times Rich List with a personal fortune of £3b.
Posted: 03 May 2007 | 12:00
Strong demand in London and New York helped Millennium & Copthorne hotels off-set a weak performance in the German market in the first three months of 2007.
Posted: 03 May 2007 | 11:10
The chancellor's Budget raid on capital allowances is already deterring developers from building new hotels in the UK, an industry expert has revealed.
Posted: 03 May 2007 | 10:30
Seasonality, poor staff retention and a narrow customer base can all limit the turnover and value of a hospitality business. But if you can get the funding, there are ways to increase those figures - and now is a good time to try it. Tom Vaughan reports
Posted: 03 May 2007 | 00:00
Essential news from around the world, including: Shangri-La unveils new ‘face’ and Middle Eastern investment boom set
Posted: 02 May 2007 | 15:50
Two more directors at restaurant chain and fishmonger FishWorks have quit as its new owners attempt to restructure the struggling business and turn its fortunes around.
Posted: 02 May 2007 | 13:00
Catering revenue took a hit at Initial Catering Services, part of Rentokil Initial, in the first quarter of the year...
Posted: 02 May 2007 | 12:20
A payroll manager at a landmark Edinburgh hotel has been jailed for two years after she created a series of fictitious employees in order to steal more than £100,000 from her employer.
Posted: 02 May 2007 | 11:00
Punch Taverns, the country largest pub landlord, has ruled out putting property into a Real Estate Investment Trust (REIT) in the short-term.
Posted: 01 May 2007 | 13:45
England’s pubs are set to miss out on £109m of potential revenue during the next three years after the start of the country’s smoking ban, according to foodservice analyst Horizons.
Posted: 30 April 2007 | 16:31
A round-up of the weekend's news affecting the hospitality industry. News includes: Chance for private investors in UK’s first REIT; Punch to join FTSE 100 this week; Swallow starting to fly again; Celebrity property fund sees pubs as star asset...
Posted: 30 April 2007 | 10:07
InterContinental Hotels Group (IHG) remains the largest hotel group in the world by number of rooms for the fourth consecutive year, according to a new report. The MKG Consulting official 2007 ranking of groups and hotel brands worldwide found that with 3,741 hotels and 556,246 rooms IHG had increased its lead over runner-up Wyndham Worldwide
Posted: 27 April 2007 | 17:36
Restaurant operator Out of Town Restaurant Group (OTRG) has collapsed into administration, Caterer can reveal.
Posted: 27 April 2007 | 17:00
School’s out for summer. School’s out for ever. So might as well throw away those Tesco school equipment vouchers I guess.
Posted: 27 April 2007 | 00:00
Domino’s Pizza said the year had started strongly and expects trading for 2007 to be ahead of expectations on the back of new product and marketing innovations.
the company had 357 stores and saw sales rise by 8.8%.
Posted: 26 April 2007 | 14:00
Details of Vector Hospitality, the UK’s first hotel Real Estate Investment Trust (REIT), have been officially revealed.
Posted: 26 April 2007 | 09:00
Gourmet sandwich chain Pret A Manger is considering an initial public offering (IPO) on the London Stock Exchange to help finance its rapid expansion plans.
Posted: 25 April 2007 | 12:46
The average cost of running a pub is now over 60% of net turnover, according to the Association of Licensed Multiple Retailers (ALMR), with staffing costs and rising utility bills dominating growing operational costs.
Posted: 25 April 2007 | 11:11
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