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PPHE reports revenue recovered to 39.5% of 2019 levels last year

01 March 2022 by

For the 2021 financial year, PPHE Hotel Group has reported total revenue increased by 38.9% to £141.4m, representing a recovery to 39.5% of 2019 levels.

News

Wetherspoon ‘will be loss-making’ for first half of financial year, but hopes for stronger second half

19 January 2022 by

Tim Martin, chair of pub group JD Wetherspoon, has said the company will be loss-making for the first half of its financial year, but hopes that with the ending of restrictions, improved customer confidence and better weather, it will have[...]

Tortilla reports revenue of £48.1m for 2021 News

Tortilla reports revenue of £48.1m for 2021

10 January 2022 by
What's in store in 2022? Business

What's in store in 2022?

05 January 2022 by
Brexit-related staff shortages hit Trump Turnberry News

Brexit-related staff shortages hit Trump Turnberry

29 December 2021 by
EasyHotel secures €50m to more than triple estate by 2026 News

EasyHotel secures €50m to more than triple estate by 2026

13 December 2021 by

All Bar One owner narrows losses and returns to profitability News

All Bar One owner narrows losses and returns to profitability

25 November 2021 by

Mitchells & Butlers – which operates brands including All Bar One, Harvester, Toby Carvery and Miller[...]

How to avoid a banking scam Business

How to avoid a banking scam

04 November 2021 by

With fraud on the rise, it’s wise to ensure staff have a healthy scepticism when it[...]

Loungers reports like-for-like sales growth of 26.6% News

Loungers reports like-for-like sales growth of 26.6%

15 October 2021 by

Loungers, the operator of 150 Lounge café-bars and 31 Cosy Club restaurant-bars, has reported like-for-like sales[...]

How to make your hospitality business more attractive to investors Business

How to make your hospitality business more attractive to investors

30 September 2021 by

A promising business idea with a strong brand identity and a long-term plan will all help[...]

News

Patisserie Valerie auditor fined £2.34m

Patisserie Valerie auditor Grant Thornton UK has been fined £2.34m following the high-profile collapse of the chain in 2019, which saw the closure of 70 stores and more than 900 job losses."

27 September 2021 by
Accor ‘prepared for the rebound’ despite fall in revenue and revpar News

Accor ‘prepared for the rebound’ despite fall in revenue and revpar

29 July 2021
by

The chief executive of Accor has said the hotel group is “prepared for the rebound” of the hospitality and travel sectors despite a 10% drop in revenue to €824m (£701m).

BrewDog posts £13m loss after pandemic hits on-trade and bars News

BrewDog posts £13m loss after pandemic hits on-trade and bars

22 July 2021
by

Brewer and bar operator BrewDog has reported £13m in pre-tax losses for 2020 as the impact of Covid-19 across the on-trade and its bar network hit volumes and revenue by around 50%.

Finding finance in a post-Brexit, post-Covid landscape Business

Finding finance in a post-Brexit, post-Covid landscape

16 July 2021 by

The combination of Brexit and the pandemic has led to a market where there are opportunities[...]

Fuller's reports like-for-like sales at 76% of 2019 levels News

Fuller's reports like-for-like sales at 76% of 2019 levels

08 July 2021 by

Pub group Fuller’s has reported that its managed like-for-like sales were at 76% of 2019 levels[...]

Pandemic sees Premier Inn owner plunged into a loss News

Pandemic sees Premier Inn owner plunged into a loss

27 April 2021 by

The effects of the pandemic on Premier Inn owner Whitbread have become apparent in the group’s[...]

The revenue streams that will drive hospitality in 2021 Advice

The revenue streams that will drive hospitality in 2021

09 April 2021 by

The Recovery Summit gathered advice from across the industry, discovering how pandemic pivots can be made[...]

Business

Distressed assets: the savvy investors finding opportunity in loss

The pandemic has caused chaos in the hospitality industry, but savvy operators may be looking to invest in distressed assets. We discover what the opportunities are in the restaurant and hotel markets."

08 April 2021 by
Councils told to distribute restart grants 'as soon as possible' from April News

Councils told to distribute restart grants 'as soon as possible' from April

22 March 2021
by

The government has told local authorities to begin distributing restart grants to businesses “as soon as possible” from 1 April.

Viewpoint: Now's the time to invest in hotel rooms, says Julian Troup In-Depth

Viewpoint: Now's the time to invest in hotel rooms, says Julian Troup

18 March 2021
by

The hotel property market is booming with new investors targeting the staycation crowd, says Julian Troup.

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

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