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Whitbread CEO serves notice of acquisition intent

By James Russell: Whitbread CEO serves notice of acquisition intent

May 24, 2020

As Whitbread busy themselves in preparing to secure liquidity through raising circa £1bn from shareholders, CEO Alison Brittain has sent out a note of acquisition intent to the hospitality industry. Brittain in a note to the press said Whitbread didn’t need the £1bn to stay afloat, with the money intended as a war chest to make acquisitions. She even outlined the basic … [Read more...]

One hotel group 700 new Covid-19 safety protocols

By James Russell: One hotel group 700 new Covid-19 safety protocols

May 23, 2020

  NH Hotel Group has launched a new set of measures to address the current Covid-19 crisis. The measures are designed to preserve the safety of travellers and employees, through various initiatives and adaptation of 700 operating standards. They will be implemented in each and every one of the Group's 364 properties across Europe and America. Under the new ‘Feel Safe … [Read more...]

Greek banks look to inject liquidity into tourism and hotels

By James Russell: Greek banks look to inject liquidity into tourism and hotels

May 23, 2020

Greek bank Eurobank is to provide £670 million in funding support to Greek tourism and hotels. The investment is viewed as central to combat a deep recession predicted by the European Commission that estimate Greece's economy will contract by 10% in 2020. Eurobank has now pledged to make a 750 million euro (671 million pounds) funding package available to help Greek hotels … [Read more...]

Hilton China fully open

By James Russell: Hilton China fully open

May 19, 2020

Hilton have resumed operations across all of its 150 hotels in mainland China. Qian Jin, Area President, Hilton Greater China, and Mongolia said on re-opening: “I am thrilled to announce that all Hilton hotels in Chinese Mainland have officially resumed operations”. Each and every hotel has implemented strict anti-epidemic measures to ensure the health and safety of guests … [Read more...]

The Ritz London drama

By James Russell: The Ritz London drama

May 18, 2020

  The Ritz London’s transformation from a family affair to a Netflix drama. Following 133 years opening every day, including throughout the first and second world wars, Covid-19 forced The Ritz London to close its doors for the first time on March 27, 2020. They have remained closed ever since. The same day The Ritz London announced it had been acquired by a Qatari … [Read more...]

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