As the hospitality industry begins to usher in the highly anticipated return to travel, Preferred Hotels & Resorts – the world’s largest independent hotel brand – is pleased to announce International Pineapple Week 2020, running from Saturday, June 20 through Saturday, June 27 (this year’s official International Pineapple Day). The campaign is set to celebrate independent … [Read more...]
The Bank of England increase quantitative easing
The Bank of England increased quantitative easing this week by a further £100bn to £745bn at its June meeting to support the UK economy through the Covid-19 crisis. It was greeted by city analysts expecting the rise with general approval and some voiced opinions that more would have been better received. The Bank of England started using quantitative easing to inject cash it … [Read more...]
UKHospitality welcomes rent Code of Practice
UKHospitality has welcomed the Government’s extension of the moratorium on lease forfeitures and enforcement activity until the end of September, alongside a new Code of Practice to facilitate rent negotiations. The trade body has called on the Government to consider extending the moratorium further to allow businesses time to assess the state of the sector’s recovery. UKH has … [Read more...]
Government lower Covid-19 alert level to 3, with further lockdown easing expected today
The chief medical officers of England, Scotland, Wales and Northern Ireland have reviewed a recommendation by the Joint Biosecurity Centre and agreed to lower the UK's alert level from four to three. This means the virus is in "general circulation" but transmission is no longer "high or rising exponentially". Further easing of lockdown restrictions are now … [Read more...]
4th July – Hospitality’s Independence (Revolution) Day Looms
The uncertainty surrounding the 4th July as the Government’s reopening date for the UK hospitality industry is leading some businesses within it to state they will open regardless of any further sanctions to go ahead. As financial pressure reaches the point where hospitality businesses face permanent closure many doubtless are calculating that if sufficient numbers … [Read more...]