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...Its other assets span hospitality, residential and logistics sectors such as Admiral Taverns and the student housing provider Collegiate....
...The survey underscores the broadly buoyant mood in the hospitality sector that has driven a return to dealmaking after the pandemic....
...Like F1, the MotoGP business model revolves around broadcast rights, fees from racing circuits, sponsorship, corporate hospitality and merchandising....
...Other companies fighting Allianz alongside Burger & Lobster include leisure company Open House, whose London venues include The Lighterman in King’s Cross and The Broadcaster in White City....
...The catering and hospitality sector is renowned for long hours, low pay and high pressure....
...Hunt said the existing 75 per cent business rates relief for retail, hospitality and leisure would be extended for another year until 2025....
...Back at Kanalhuset, pudding is a pineapple and rum-infused cream with a blood-orange sorbet on a bed of caramelised oats....
...“As with quite a lot of things at the moment in hospitality, the pain falls very unevenly,” he said....
...Dozens of companies are part of the “EHL Alliance”, allowing them to hold recruitment drives on campus....
...Mark Hoplamazian, chief executive of US hospitality group Hyatt, said building new hotels had become harder due to “very tough” markets for raising capital, causing the company to turn instead to converting...
...“The UK economy started the year with a bang,” said Henry Cook, economist at the financial company MUFG....
...“We value our hospitality industry and are backing the great British pub,” the chancellor said, adding the measure would help 38,000 pubs....
...Accor has made a push into more upscale hospitality in recent years....
...The deal is the latest in a recent wave of private equity groups returning to the hospitality and leisure sector....
...Its turnover increased 20 per cent to a record £90mn in 2023, as the company benefited from stable demand from a customer base that could better withstand rising living costs....
...New York’s hospitality industry “absolutely still needs labour,” said Andrew Rigie, executive director of the NYC Hospitality Alliance, a trade group for the city’s restaurants and bars....
...A person familiar with the matter said the boat was a Westport 164ft yacht being purchased from Fertitta, the hospitality billionaire....
...The retail and hospitality sectors were also badly hit, accounting for 16 per cent and 15 per cent of insolvencies respectively over the same 12-month period, reflecting weak consumer demand....
...“There’s no doubt that in the early 1980s hospitality was rightly criticised as an underpaid sector. The industry has addressed it. You can no longer say hospitality is underpaid.”...
...TGI Fridays said the deal would create a “global hospitality brand” offering “operational and financial flexibility, increased scale and capital to deliver continued revenue”....
...Pubs are flexible by nature: the name just denotes a place to drink beer in company. They have been through many hard times but have evolved with society. The Artillery Arms illustrates this....
...After what Phipson called a “ticker tape of announcements”, including “26 changes in corporation tax since 2019”, the directors of three companies from the hospitality, manufacturing and recruitment sectors...
...“The wet weather has been a key factor in the slowdown in discretionary spending, as it’s meant fewer visits to the high street and to hospitality venues,” said Karen Johnson, head of retail at Barclays....
...IHG also announced an agreement with Novum Hospitality in Germany, which it expects to add almost 18,000 rooms to its system by 2028....
...Here’s what else I’m keeping tabs on today: Company earnings: Reddit releases results for the first time as a public company later today....
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