Service Properties Trust (SVC) has announced that it will transfer the branding and management of 103 hotels to Sonesta International Hotels Corporation from InterContinental Hotels Group. SVC sent notices of termination to IHG for failure to pay SVC’s minimum returns and rents due for July and August 2020 totalling $26.4 million, plus accrued interest, and IHG had until … [Read more...]
Search Results for: COVID-19
Ernst & Young index shows majority of UK consumers still uncomfortable eating out
Ernst & Young’s latest EY Future Consumer Index is showing that the majority of UK consumers are still uncomfortable with eating out. The figures are more than disappointing as they come amidst the government’s Eat Out to Help Out initiative is still ongoing. The survey of over 1,000 UK consumers found that only 27% is comfortable with eating in a restaurant even as … [Read more...]
Just Add Talent pubs extend Eat Out To Help Out through September
Star Pubs & Bars is investing £250,000 to enable 90 Just Add Talent managed operator pubs to continue their Eat Out To Help Out offer to customers extending the food discount initiative throughout September. The move is designed to help operators build on the growth in food sales, which went from 14% to over 30% of pub turnover during the Eat Out To Help Out initiative, … [Read more...]
Collapse of UK tourism 2020 projected to cost economy £22 billion
Collapse of UK tourism: The World Travel & Tourism Council has projected that international visitor spending could plunge by 78% compared to 2019 levels, equating to a loss of £60 million a day, or £420 million a week, to the UK economy. The severe impact on UK travel and tourism is laid bare by WTTC as the economic fallout from Covid-19 continues. Circa three million jobs … [Read more...]
D&D London phased reopening: Restaurants and dates unveiled
D&D London phased reopening: D&D London have announced today the reopening of its portfolio of UK restaurants, with reopenings phased between 28 August and 10 September. D&D’s strategy is to reopen its restaurants in phases with phase 1 involving reopening 17 venues in London, Leeds and Manchester – most with outdoor terraces or in residential areas. Phase 2 … [Read more...]