Priti Patel fronted the daily Covid-19 update from the government yesterday afternoon and spoke at some length about criminality emerging from the current Covid-19 pandemic. Nobody is naïve enough to imagine crime would just go away but it did make us like many wonder. Scanning Google’s news yesterday evening one headline jumped out amongst the myriad of Covid-19 related … [Read more...]
Tokyo hospitality bankruptcies spark government action not to follow UK
Japan and particularly Tokyo has been accused of not reacting to the Covid-19 pandemic with similar haste to most other countries. A spike in bankruptcies, led unfortunately from casualties in the hospitality industry, has seen the Government add some impetus to minimise the impact. Business analytics and commentary firm Tokyo Shoko Research said yesterday that the recent … [Read more...]
Accor’s latest acquisition yesterday signals global rebrand
The COVID-19 pandemic has seen the hospitality industry worldwide hit by lockdowns that preclude most from operating anywhere near normal levels of business. The reactions of most through necessity have been to mothball as best as possible to have a chance of emergence from the crisis. For some however, as we have been tracking and reporting, it also presents an opportunity … [Read more...]
US hospitality software business on acquisition trail to maximise exit from COVID-19
ZoomAway Travel a US software business in the hospitality technology sector earlier this week announced that it has agreed to purchase a U.S. based Tour Operator, subject to satisfactory completion of due diligence. The strategy behind the acquisition is interesting on two levels. Firstly, as a hospitality technology business that supports hospitality providers and … [Read more...]
Danny Meyer’s cautious COVID-19 tone rewarded by hedge funds
In an interview with Yahoo finance earlier this week Danny Meyer, one of the US restaurant industry’s brightest lights struck a cautious tone on how he sees the future restaurant industry after the COVID-19 pandemic. Yahoo finance Editor Brian Sozzi spoke with Danny Meyer, Chairman and CEO, Union Square Hospitality Group that owns and operates a collection of … [Read more...]