Month: April 2020
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Apr- 2020 -27 AprilCoronavirus
IHG taps into £600m BoE funding as sites stay shut
Hotel giant Intercontinental Hotels Group has announced it had secured £600m in commercial paper from Bank of England loans amid…
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24 AprilLatest News
Over 80% of accommodation and food service businesses have closed temporarily
A new survey by the Office for National Statistics (ONS) has revealed that 81.2% of accommodation and food service businesses…
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24 AprilCoronavirus
Chancellor considering 100% guarantee on small business loans
Chancellor Rishi Sunak is reportedly considering offering a 100% guarantee on loans to small businesses of up to £25,000. According…
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24 AprilFree to read
Homeless charity relocates to Old Waverley Hotel in Edinburgh
Edinburgh-based Old Waverley Hotel has been transformed into a care shelter, thanks to a new initiative by national homelessness charity,…
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24 AprilBusiness Bites
Retail landlords reined in, France gets touch on tax havens, and insurers face biggest ever payouts
The government has banned landlords from using winding-up orders against their retail tenants, after aggressive rent collection tactics which threaten…
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24 AprilCoronavirus
Windermere hotel secures £200k funding
A luxury Windermere hotel announced it has secured £200,000 funding from Barclays in order to support it during the ongoing…
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23 AprilCoronavirus
Tripadvisor launches Hotels for Health scheme for NHS staff
Tripadvisor has launched Hotels for Health, a programme to connect NHS trusts with hotels who can supply rooms during the…
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23 AprilHotels
Shankly hotel administrators to investigate how investor money was spent
Duff and Phelps, the administrators appointed to Signature Living’s Signature Shankly Hotel Limited, which went into administration on 9 April…
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23 AprilBusiness Bites
Scarves for face-masks will be part of the government’s post-pandemic advice
The government will advise the use of homemade facemasks once the pandemic measures are sufficiently relaxed for people to go…
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23 AprilCoronavirus
Accor revenue and RevPAR plunges in first quarter of 2020
Accor announced that its first-quarter revenue fell by 15.8% on a like-for-like basis, totalling €768m (£672m). HotelServices, which operates 5,085…
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