Recession
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Upscale London hotels risk losing their image of exclusivity if they continue to maintain occupancy levels at the expense of daily rate, warns property agent Christie + Co in its latest city review.
STR Global’s latest figures suggest that the capital’s upscale hotels ...
Posted: 17 July 2009 | 14:34
The collapse of Coffee Republic has hailed the start of a challenging time for the branded coffee chain market, a report has warned. The study, by market analysts Key Note, found that the branded coffee chain sector has come under intense competition as consumers decrease ...
Posted: 16 July 2009 | 14:08
The amount spent on eating out of the home in the UK has fallen for the first time in 40 years as a result of a shift in consumer expectations that will continue after the recession, according to a new report commissioned by McDonald’s. The report, Eating Out in the UK 2009 ...
Posted: 15 July 2009 | 07:30
Employers need to be aware of their responsibilities when considering the mental wellbeing of their staff by ensuring that company policies cover all the aspects of the law that apply to stress at work
Posted: 10 July 2009 | 15:10
Nearly half of Britain’s rural pubs could be missing out on vital funds to help them weather the recession, a new report has warned. According to a survey by the Federation of Small Businesses (FSB) village businesses, including pubs, are entitled to 50% relief - and in some cases up to 100% relief ...
Posted: 07 July 2009 | 11:36
A round-up of the weekend's news affecting the hospitality industry. News includes: Punch’s £375m shares issue narrowly scrapes through vote; no-star hotel in Switzerland slashes room rate to £5.99; McDonald's drive-through turns away tandem riders; and more
Posted: 06 July 2009 | 10:24
Most businesses are beholden to a bank in some shape or form. Here, Sara Stewart, at accountancy firm Jeffreys Henry, explains the importance of getting the basics right
Posted: 03 July 2009 | 19:08
The number of hospitality companies being made insolvent is set to rise again after a summer “lull”, consultancy KPMG predicted today. There has been an average of 350 administrations a month since the beginning of the year, but figures for May are much lower at 178,...
Posted: 03 July 2009 | 16:13
More than two thirds of the UK’s hotel operators are in financial danger, analyst firm Plimsoll Publishing has warned. Plimsoll rated each of the UK’s largest 1,000 hotels companies into one of five ratings based on their overall financial performance: strong, good, mediocre, caution and danger.
Posted: 01 July 2009 | 12:54
Hotel and conference venue operator Principal Hayley has picked up two of the failed Real Hotel Group’s flagship properties, agreeing deals to acquire the New Connaught Rooms in London and the Glasgow Central Hotel. The company, which is backed by private equity firm Permira...
Posted: 24 June 2009 | 10:25
O’Brien’s Sandwich Bars has placed its UK subsidiary into administration after being hit by poor trading. The Ireland-based chain, which has 109 franchised stores in the UK, said it had taken the step for the benefit of franchisees and to protect jobs.“Our first priority is to secure jobs ...
Posted: 22 June 2009 | 12:09
With predictions of a bloodbath in the restaurant sector earlier this year, it would be easy to overlook the difficulties being suffered by many hotel groups. Gemma Sharkey reports.
Posted: 04 June 2009 | 12:47
Hospitality operators are increasingly turning to discount wholesalers such as Booker to cut costs, the company said today.
Unveiling a pre-tax profit rise of 30% from £36.2m to £47.2m in the year to March 27, Booker said sales to caterers – including restaurants and pub chains - had grown the fastest, rising 7% compared with 1% growth in sales to retailers. Overall, revenue increased 3% to £3.2b.
Posted: 29 May 2009 | 15:22
Dining trends in the US are changing as a result of the financial downturn and restaurants are responding by putting on a variety of special deals, it has emerged. Starters served as main courses and shared platters, take out meals for free and even courses for the dog ...
Posted: 22 May 2009 | 13:52
Carluccio’s has seen a 12% fall in half-year profits, as pressure on costs and falling consumer spending hit margins. Announcing results for the six-months to 29 March, Carluccio’s revealed that pre-tax profit had slipped to £2.5m compared with £2.8m a year before.
Posted: 19 May 2009 | 15:42
The property owner behind Barceló Hotels & Resorts in the UK has secured its mid-term future by striking a new debt agreement with its bank. Puma Hotels, which was previously known as Dawnay Shore Hotels, owns 20 four-star properties across the UK ...
Posted: 18 May 2009 | 16:12
Country house hotel Shendish Manor in Hemel Hempstead has become latest hotel to be placed into administration. The 70-bedroom hotel was refurbished in 2007, adding a new hotel wing with 52 rooms, but it has been hit by falling demand.
Posted: 15 May 2009 | 18:48
The current economic climate is as much about saving money as making it. So we asked the people at the top of the profession for a simple piece of advice that has helped them... and could transform your business
Posted: 15 May 2009 | 00:55
Ranald Macdonald, owner of the Boisdale of Belgravia Restaurant , which this year celebrates its 21st anniversary, says the last recession taught him to stick to his guns and not follow fashion
Posted: 15 May 2009 | 00:00
Dolce Hotels & Resorts has introduced its own “preferential” euro exchange rate for in an attempt to attract UK event bookers to its European properties.
The “Dolce exchange rate” will see event bookers in the UK benefit from €1.2 for every £1 ...
Posted: 12 May 2009 | 08:30
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