Accor have today released first half 2020 results that are an almost shocking reflection of the impact from Covid-19 on hotels and hospitality worldwide. The scale and scope of Accor enables a global picture of the crisis, presenting financial numbers emphasising how Covid-19 has hit their balance sheet. The first half of 2019 showed a profit of €141 million, in the … [Read more...]
Search Results for: COVID-19
Pizza Express for sale
Pizza Express has today announced that agreement has been reached with certain of its secured creditors and its majority shareholder, Hony Capital, for a holistic recapitalisation and restructuring transaction which will significantly strengthen the Group and provide funding to deliver its future growth plan. The planned restructuring will both address the … [Read more...]
Proof of Concept in technology developing invisible trust
The ongoing necessity of the Covid-19 era is to ensure the safety of colleagues and customers from contagion. This takes dual form in hospitality, being safe, and being seen to be safe. Visible Trust As hospitality reopened customers voted with their feet, returning to hospitality providers that were evidently applying safety guidelines. Hospitality providers … [Read more...]
En Routes launches two premium product ranges to tackle Covid concerns
En Route International, has today announced the launch of two new product ranges specifically designed to allay post Covid-19 concerns for passengers in premium cabins. The product ranges - ovenable and individually flow-wrapped bakery items, and a ‘flip and peel’ cheese platter - have been developed as part of move to offer confidence to passengers in premium cabins as the … [Read more...]
Apple acquires restaurant payment app for $100 million
Apple has acquired Mobeewave in a move that continues the global adoption of cashless payment from cards to smartphones. The deal follows others where Apple’s strategy is to integrate smart startup apps into its own technology. The price of $100 was reported by Bloomberg sources close to the deal and further adds simple and significant functionality to iPhones. By … [Read more...]