40% of the top 50 have attracted private equity 90% of the top 10 are food-based rapid growth is not confined to small operators Ed’s Easy Diner grew its profits faster than any other privately-owned UK eating and drinking out market, according to this years’ Zolfo Cooper Profit Tracker. At 127% compound EBITDA growth, it clearly beat Hawksmoor, which came second with … [Read more...]
Consumer eating out rises 4%
Consumers are eating out more often this summer than they did this time last year, with 71% of respondents to a new Horizons’ survey saying they had eaten out in the past two weeks, a clear sign that confidence is returning to the sector. The Eating Out-Look survey, conducted online by YouGov amongst 2,366 respondents, reveals that convenience (27%) and conviviality (26%) … [Read more...]
TripAdvisor launches GreenLeaders in Europe for eco-friendly trips
TripAdvisor launched the TripAdvisor GreenLeaders programme in Europe to help travellers around the world plan greener trips by highlighting hotels and B&Bs engaging in environmentally-friendly practices. Over 6,000 properties around the world have so far been awarded TripAdvisor GreenLeader status. Developed in consultation with the Carbon Trust, the UK Green Building … [Read more...]
St Pancras to become a Fortress of food
HS1 has announced that Matthew Fort, British food writer, critic and judge on BBC2's Great British Menu has been appointed the first ever Food Curator at St Pancras International. As part of his role, Matthew will be working closely with HS1 (St Pancras International’s owners) to continue expanding the high quality food and drink offering at the station. He said: “For me … [Read more...]
The Roxburghe, Edinburgh hotel sold to Starwood Capital
The four-star hotel in Edinburgh's Charlotte Square has been sold in the largest single asset hospitality transaction in Edinburgh since 2007. The Roxburghe, which is owner operated under an IHG franchise as part of the Crowne Plaza group of hotels, has been sold to US based investment management firm Starwood Capital, following a competitive process managed by JLL's Hotel … [Read more...]