All news articles – Page 305
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Xscape Yorkshire makes new signings
Five Guys, Taco Bell, and Pollo To Go have been signed up for Xscape Yorkshire in Castleford, Landsec’s leisure and entertainment destination.
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Hospitality rent collection levels on the up
An increasing number of restaurants and cafes have been able to pay their rent over the three weeks following June quarter day, according to the latest data from property agency Colliers.
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Food-to-go to return to pre-Covid levels by second half of 2022
Data from IGD is predicting a faster-than-expected food-to-go recovery. By the end of 2021, it is forecasting sales to reach £15.6bn, 82.5% of its 2019 value. It is also forecasting sales to return to pre-Covid levels in the second half of 2022, six months earlier than expected.
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Q2 hospitality spending ‘significantly higher than their pre-Covid levels’
The reopening of hospitality has led to a sharp increase in spending in Q2 2021 according to Deloitte’s Q2 Consumer Tracker. Spending in restaurants and bars has seen its biggest quarterly rise and was now ”significantly higher than their pre-COVID levels”.
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Boparan: ‘Perfect storm’ of labour shortages
Ranjit Singh Boparan has warned the “pingdemic” staffing crisis is just a small part of unprecedented pressures on supplies, with food shortages already being felt.
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Vaccine passports ‘forced through’ cabinet
The vaccine passports plan for nightclubs was forced through despite a majority of ministers calling for it to be postponed at a meeting just hours before it was announced, The Telegraph reports.
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Berisha warns of a fresh wave of closures
The Government needs to act fast to avoid more closures, Baton Berisha, chief executive of Richard Caring’s hospitality empire has warned. Saying that major Government support was needed, he added that ministers wrongly believed hospitality was “resilient” and over the worst of the pandemic.
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Pingdemic reaches peak
The ‘pingdemic’ is believed to have peaked as cases ease up, though operators have been warned to expect a difficult few weeks ahead.
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Sacha Lord: Vaccine passports will be dropped
Sacha Lord has predicted vaccine passport for nightclubs are a ploy to get young people vaccinated, with no intention from the government of actually implementing them.
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Hospitality’s self-isolation omission risks further closures
There is a risk of further venue closures and reduced service as a result of the government’s decision to omit hospitality from its self-isolation exemption list, according to UKHospitality.
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Hear from Simon Potts and Sacha Lord on The Conversation today
Join us for today’s edition of The Conversation, featuring Simon Potts, chief executive at The Alchemist and Sacha Lord, night time economy adviser for Greater Manchester.
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Admiral Taverns to acquire Hawthorn in £222m deal
Admiral Taverns has reached an agreement to acquire community pub company Hawthorn from parent company NewRiver, for a cash consideration of approximately £222.3m.
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Simon Potts and Sacha Lord on next Monday’s The Conversation
Simon Potts, chief executive at The Alchemist and Sacha Lord, night time economy adviser for Greater Manchester will join MCA’s The Conversation on Monday (26 July).
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Government still committed to Covid passports
The government is standing firm on its decision to implement vaccine passports as a condition of entry to nightclubs, despite a huge backlash from some Conservative MPs.
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Stonegate to launch £165m secured notes offering
Stonegate Group is to launch a senior secured notes offering in a bid to raise £165m, in part to finance the capital expenditure in its pubs.
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AUGUST 2021
Featuring news, comment, analysis and features from across the sector, columnist Dominic Walsh tackles the disappointment and chaos of Freedom Day, while Peter Martin suggests looking to the world of cricket for inspiration after the end of the Euros football tournament.
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‘Negative test worth more than vaccine’
The plan to mandate vaccine passports for entry into nightclubs could be in trouble after Labour suggested it could join Tory rebels to vote against the move.
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UKH: ‘Challenges remain around seeing hospitality as a career of choice’
Discussions with government about fixing the long-term staffing crisis are improving following the launch of Minister Scully’s Hospitality Strategy, UKHospitality’s director of strategic affairs Tony Sophoclides has said, but there are still challenges to overcome.
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‘Cautious optimism’ in pub and restaurant markets
Christie & Co’s Mid-Year Review has reported cautious optimism in pub and restaurant property markets, with demand outstripping supply. Rural, coastal and tourist-led locations are attracting most attention. Within restaurants, the franchise model continues to show strength.
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All hospitality businesses currently recruiting, says poll
One hundred percent of hospitality businesses are currently looking to fill vacancies, according to new research from UKHospitality and pub trade bodies the British Beer & Pub Association and the British Institute of Innkeeping.