Finance
PPHE reports revenue recovered to 39.5% of 2019 levels last year
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.
Wetherspoon ‘will be loss-making’ for first half of financial year, but hopes for stronger second half
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
What's in store in 2022?
Brexit-related staff shortages hit Trump Turnberry
EasyHotel secures €50m to more than triple estate by 2026
All Bar One owner narrows losses and returns to profitability
Mitchells & Butlers – which operates brands including All Bar One, Harvester, Toby Carvery and Miller[...]
How to avoid a banking scam
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%
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
A promising business idea with a strong brand identity and a long-term plan will all help[...]
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."
Accor ‘prepared for the rebound’ despite fall in revenue and revpar
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
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
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
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
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
The Recovery Summit gathered advice from across the industry, discovering how pandemic pivots can be made[...]
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."
Councils told to distribute restart grants 'as soon as possible' from April
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
The hotel property market is booming with new investors targeting the staycation crowd, says Julian Troup.
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