credit crunch
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Time is running out for hospitality businesses to get involved in Caterer’s new campaign for 2009 aimed at helping operators to operate better in these difficult economic times.
Posted: 21 November 2008 | 08:30
InterContinental Hotels Group (IHG) will be cutting jobs in order to combat the economic slowdown, top executives admitted yesterday.
Posted: 20 November 2008 | 11:34
London pub company Young & Co has seen food sales continue to climb as cash-strapped consumers increasingly look for alternatives to dining out in restaurants.
Posted: 20 November 2008 | 11:13
There's no doubt about it: the country is heading for a recession. Everyone has to look after the bottom line, but it's important for the hotel sector not to panic and slash rates. Gemma Sharkey has a look at the alternatives
Posted: 20 November 2008 | 00:00
The economy will not recover for at least five years, hoteliers were warned today.
Posted: 18 November 2008 | 14:38
Pub giant Enterprise Inns today insisted it will weather the current economic storm despite tumbling full-year profits.
Posted: 18 November 2008 | 10:06
Robyn Jones, co-founder and chief executive of contract caterer Charlton House, recalls the "lunacy" of setting up the company during the 1991 recession and insists the current credit crunch can bring opportunities as well as threats
Posted: 17 November 2008 | 11:18
A round-up of the weekend's news affecting the hospitality industry. News includes:
French Jamie Oliver out to improve nation’s eating habits; Pubs may be forced to turn down the volume;
Fine wine prices squeezed by the credit crunch;
UK casino expansion runs out of steam and more
Posted: 17 November 2008 | 10:01
While a cut in interest rates eased the repayment pain for many, the downturn is finally beginning to bite within the hotel industry with London revenue per available room falling 10%.
Posted: 14 November 2008 | 16:20
Embattled pub operator Regent Inns has seen no let up in the tough economic conditions that saw it post a full-year loss of £58.1m last month.
Posted: 14 November 2008 | 13:10
London hotels face the worst economic conditions in 15 years, according to a new report by consultancy PriceWaterhouseCoopers.
Posted: 14 November 2008 | 08:00
Luxury hotel group Mandarin Oriental has revealed falling occupancy levels and warned of delays to its opening programme due to the credit crunch.
Posted: 13 November 2008 | 18:02
Caterer today announces an exciting new campaign to be launched next year, aimed at helping hospitality businesses to operate better in these difficult economic times.
Posted: 13 November 2008 | 14:00
The move by the Bank of England to cut interest rates to to 3.5%, the lowest level since 1955, has been broadly welcomed across the hospitality industry.
Posted: 13 November 2008 | 08:30
Hoteliers must resist the temptation to cut rates even though the credit crunch will continue to squeeze the hotel industry for another two years, experts warned this week.
Posted: 11 November 2008 | 15:33
The downturn need not be all doom and gloom for hospitality operators, insists Peter Wood, general manager of Grayshott Spa in Guildford, Surrey, and Master Innholder
Posted: 06 November 2008 | 00:00
Punch Taverns, the UK’s largest pub operator, has spent £14m over the past year supporting licensees hit by the consumer slowdown and the continued fallout from the smoking ban.
Posted: 04 November 2008 | 13:00
JD Wetherspoon has become the latest high-street operator to benefit from the “Aldi effect” as customers trading down helped to boost sales.
Posted: 04 November 2008 | 12:13
Restaurants in Canary Wharf will be able to succeed despite the banking crisis, a local developer has insisted.
Posted: 04 November 2008 | 07:30
Hotel operator Rezidor has announced plans to cut costs by €20m (£15.8m) a year after it suffered falls in occupancy and revenue in the third quarter.
Posted: 03 November 2008 | 13:00
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