Tourism Revenue Set to Grow by More Than 60%
09 Aug 2010
The total value of tourism to the UK is set to rise by more than 60% to £188 billion (1) over the next decade, says an independent report commissioned by VisitBritain.
Research from Deloitte and Oxford Economics forecasts that the favourable exchange rate, the lure of the 2012 Olympic and Paralympic Games and the appeal of our world-renowned attractions, should ensure the sector grows at an above-average 3.5% per annum between now and 2020.
Licensing Law Shake-Up Looms
09 Aug 2010
The country’s licensing laws are set for a huge shake up in plans outlined by Home secretary Theresa May.
Under the plans local residents will be able to object to pubs even if they do not live in the immediate vicinity or if they believe they are having an unfavourable effect on public health.
Long Term Health of the Pub Industry Still in Doubt
09 Aug 2010
The long term health of the pub industry us still in doubt and restaurants, although recuperating, remain hooked up to the discounts drip
Pub company insolvencies are down a third from the peak of the recession but fears of further Government spending cuts, potential interest rate rises, and a reduction in discretionary spend could slow recovery – causing a further wave of restructuring and insolvency.
“No Plans” for Smoking Ban Review
09 Aug 2010
The Government has announced that the planned review of the smoking ban has been scrapped with The Department of Health confirming in a statement that "There are no plans to review the smoking ban at the present time."
London Hoteliers on Track to Achieve Double-Digit revPAR Growth in 2010
09 Aug 2010
Deloitte, the business advisory firm, has confirmed that hotels in London saw revenue per available room (revPAR) rise 9.3% during the first half of 2010, to £102. Average room rates were the key driver of growth, up 7.0% to £129, while occupancy rose 2.1% to 78.9%.
Eating Out Report Examines the “Informal” Eating Out Market
09 Aug 2010
The resilience of the UK Informal Eating Out market is underlined in the predicted 1% growth for 2010, valuing the sector at £40.5 billion.
The report highlights a legacy of the recession with consumers placing high importance on previous experience as a key factor behind where they decide to eat out. Consumers have become less adventurous in their eating out behaviour and value those operators who they are confident can deliver a tried and trusted proposition. This illustrates how foodservice operators are only as good as the last experience they provide – as well as reinforcing trading difficulties for new entrants.
Cheer for Beer, as World Cup and Weather Boosts Beer Sales
09 Aug 2010
Beer has enjoyed the first like-for-like quarterly increase in sales for four years, according to the latest UK Quarterly Beer Barometer.
Beer sales in the second quarter were up by 2.9 per cent on last year; the first like-for-like quarterly rise since the second quarter of 2006.
Britain’s Hospitality Industry Unites in Call on Government for Fairer Balance to Britain’s Alcohol Rules and Regulations
09 Aug 2010
Britain’s hospitality industry unites in call on Government for fairer balance to Britain’s alcohol rules and regulations.
It’s time for the Government to rebalance the tax and regulatory system to create fairer competition and a more level playing field between the leisure and hospitality sector and the supermarkets, in order to tackle alcohol misuse and anti-social behaviour and provide a boost to business and jobs.
Fridgeland - Affordable Quality Catering Equipment: Why Pay More?
09 Aug 2010
Many manufacturers charge twice as much, (or more) than Fridgeland for commercial refrigeration and catering equipment, but do you really need to pay so much for professional equipment?
Chefs And Restaurateurs Urged to Support Fight Hunger Eat Out Campaign
09 Aug 2010
Charity cause Action Against Hunger is calling on the country's chefs and restaurateurs to team up with industry experts such as Rick Stein, Raymond Blanc, Giorgio Locatelli and Cyrus Todiwala to support the Fight Hunger Eat Out initiative.
Eateries in Lancashire Caught Out Over Menu Claims
09 Aug 2010
Pubs, cafés and restaurants in Lancashire have been caught making ambiguous claims about the description and provenance of the food on their menus.
Mixed Response to Chancellor's Budget
13 Jul 2010
The austerity Budget received a mixed reaction from the hospitality and licensed industry. Which, amongst other areas, has raised the level of vat and reduced the level of corporation tax.
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