Collapse of UK tourism: The World Travel & Tourism Council has projected that international visitor spending could plunge by 78% compared to 2019 levels, equating to a loss of £60 million a day, or £420 million a week, to the UK economy. The severe impact on UK travel and tourism is laid bare by WTTC as the economic fallout from Covid-19 continues. Circa three million jobs … [Read more...]
D&D London phased reopening: Restaurants and dates unveiled
D&D London phased reopening: D&D London have announced today the reopening of its portfolio of UK restaurants, with reopenings phased between 28 August and 10 September. D&D’s strategy is to reopen its restaurants in phases with phase 1 involving reopening 17 venues in London, Leeds and Manchester – most with outdoor terraces or in residential areas. Phase 2 … [Read more...]
Grosvenor extends Eat Out To Help Out to restaurants through rent reductions
Grosvenor Britain & Ireland are to fund an extension of the government’s Eat Out To Help Out initiative through to the end of September. The support from the landlord to Mayfair & Belgravia restaurants will be reimbursed by Grosvenor in the form of reduced rent. Participating tenants will be able to continue offering half price meals, up to the value of £10, every … [Read more...]
As UK and European Covid-19 cases increase, vigilance required from all
Cases of Covid-19 are rising across Europe, and most alarmingly in Spain where 66,905 new cases were registered in the last two weeks. Europe currently has its highest 14-day infection rate and the statistics are worrying politicians across the continent. As the UK prepares to welcome students back to school, education authorities in Berlin report … [Read more...]
Greene King extend a further £6 Million in pub rent concessions
Greene King Pub Partners has announced a further £6m of financial support for its tied tenants as they work to rebuild their businesses following Covid-19 closures. With the current rent concessions from Greene King Pub Partners due to come to an end eight weeks after reopening, the company’s managing director Wayne Shurvinton has written to all its tied pub tenants to confirm … [Read more...]