OYO Hotels & Homes, the world’s fastest-growing chain of hotels, homes & living spaces, today announced that it is raising $1.5 billion, as part of its Series F funding round. As a part of this round, RA Hospitality Holdings’ will infuse approximately $700 million as primary capital in the company, with the balance $800 million being supplemented by other existing … [Read more...]
PwC report Brexit will stall UK hotel trading growth
PwC research predicts UK hotel trading growth is set to stall due to slower economic growth and tougher market conditions. PwC’s prediction forms part of their UK Hotels Forecast 2019-2020, their analysis into market conditions for hotels over the next 12 months. The forecast shows performance dips … [Read more...]
Chef mentor sells pub to protégées
Steve Drake, Michelin-starred chef patron of his award-winning Surrey pub The Anchor in Ripley, has sold The Anchor to focus on developing his AA Restaurant of the Year 18/19 Sorrel in Dorking, recently awarded 4 AA Rosettes. Drake handed over ownership of The Anchor to two of his former protégées: The Anchor’s current head chef Mike Wall-Palmer and Dave Adams who, along … [Read more...]
The Clink Charity and Hospitality Action announce joint Christmas carol service
Two charities are joining forces this year to celebrate the festive season, raise vital funds for beneficiaries of the hospitality industry and to reduce reoffending. The Clink Charity, which trains and equips serving prisoners and ex-offenders to reduce reoffending and Hospitality Action, which helps hospitality people get back on their feet again after a setback, are … [Read more...]
Travelodge announce six new hotels opening in 2020
Travelodge has announced it is to open six hotels before the end of 2020 representing investment value of £45 million and the creation of 135 new hospitality jobs. The new hotel openings by Travelodge will increase company’s portfolio to 595 hotels in the UK, Ireland and Spain. The new hotel locations will be in Chippenham, Edinburgh, London Dagenham & Beckton, Rochester … [Read more...]