A new report, London’s Grassroots Music Venues Rescue Plan, produced by the Mayor’s Music Venues Taskforce, suggests that whilst London’s music industry is generating billions for the economy, a vital part of this important cultural as well as economic sector is under threat. The Taskforce, set up by the Mayor earlier this year and chaired by the Music Venue Trust, has … [Read more...]
IHG: continued momentum drives strong Q3 performance
IHG has reported both good momentum and strong performance across its operations. Highlights Global Q3 comparable RevPAR up 4.8%, led by rate up 3.6%. Expanded global scale: net system size of 727k rooms, up 4.3% year on year (2.7% excluding Kimpton); 16k rooms signed into the 218k room pipeline, highest Q3 hotel signings since 2008. Strengthened the position of the … [Read more...]
art’otel Signs Hotel Management Agreement at Battersea Power Station
On behalf of the Battersea Power Station shareholders, Battersea Power Station Development Company (BPSDC) and art’otel are pleased to confirm the signing of a hotel management agreement with lifestyle hotel operator art’otel. The hotel will be developed by Battersea Power Station and managed by PPHE Hotel Group, owner of the art’otel brand. The hotel art’otel london … [Read more...]
Whitbread plans 220 new Costas as revenue and profits grow
Whitbread has published its PLC results for the six months to 27 August 2015, with Andy Harrison, Chief Executive, commenting: "Whitbread has once again delivered double digit revenue and underlying profit growth. Group total sales grew by 11.3% to £1.4 billion with good like for like sales growth of 3.6%. This drove underlying earnings per share up 14.0% and the Board has … [Read more...]
Des McDonald launches Forest Restaurant & Cabin Bar ‘on the roof’ at Selfridges
On 21st October, Selfridges and restaurateur Des McDonald will launch Forest Restaurant & Cabin Bar on the Roof at Selfridges. Inspired by an autumnal woodland, Forest Restaurant & Cabin Bar will offer sophisticated comfort food and seasonal cocktails beneath a starry sky. Throughout the autumn and winter season Forest Restaurant & Bar will evoke the beautiful … [Read more...]