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Government support sees 53% drop in hospitality insolvencies

FINANCE & REVENUE INDUSTRY OWNERS & OPERATORS by Zoe Monk on August 24, 2020

Last year, 597 insolvencies were recorded by the Insolvency Services for May to July and this fell to 279 for the same period in 2020

MASTERCLASS: Maximising cashflow in the face of uncertainty

BEST PRACTICE FINANCE & REVENUE HOTEL MANAGEMENT by Zoe Monk on August 7, 2020

Emma Maile. Haysmacintyre. London. United Kingdom.

Emma Maile, director at haysmacintyre explains exactly what the VAT changes mean for boutique hotels and the impact it could have on cashflow

Government announces £10m kickstart tourism package to support businesses adapt to new normal

ALSO IN THE NEWS FINANCE & REVENUE by Zoe Monk on July 7, 2020

Grants of up to £5,000 will be available for businesses who contribute significantly to tourism in their area to help tailor operations to new social distancing rules and introduce new hygiene standards

Shiva Hotels secures £230m for Marylebone Lane Hotel development

ALSO IN THE NEWS UPCOMING HOTELS by Zoe Monk on June 30, 2020

Shiva Hotels will now plough on with the development of the 199-bedroom, Marylebone Lane Hotel, with an opening date pencilled in for early 2023

Bespoke Hotels racks up over £500k in bookings after government announcement

ALSO IN THE NEWS FINANCE & REVENUE HOTEL MANAGEMENT by Zoe Monk on June 30, 2020

Following the government announcement last week, consumers booked almost 4,000 Bespoke Hotel room nights, of which 2,075 were for the group’s Scottish properties

Liverpool boutique to close permanently amid ‘financial uncertainty’ after Covid-19

FINANCE & REVENUE HOTEL MANAGEMENT by Zoe Monk on June 18, 2020

A spokesperson for 62 Castle Street said the hotel would ‘struggle to recover quickly’ and this combined with ‘high rents, financial uncertainty and increased competition’ led the team to make the decision to close for good

Boutique Hotel Group positioned for growth with five-year refinancing deal

ALSO IN THE NEWS FINANCE & REVENUE by Zoe Monk on May 28, 2020

Boutique Hotel Group (BHG) has secured a five-year refinancing deal with Barclays to help position the business for growth. The

Three hotels part of Scottish-based travel company up for sale to pay off creditors

HOTEL MANAGEMENT SCOTLAND by Zoe Monk on May 19, 2020

Three hotels that are operated by a vulnerable Scottish-based travel company have been put up for sale as part of

Airbnb to ‘reduce investments in hotels’ as it struggles through ‘harrowing’ Covid-19 crisis

ALSO IN THE NEWS FINANCE & REVENUE by Zoe Monk on May 8, 2020

Airbnb is to reduce its investments in hotels and is laying off 25% of its workforce as the Covid-19 crisis

EXCLUSIVE: ‘Revenue management will be a critical aspect of recovery’ says Best Western CEO Rob Paterson

ALSO IN THE NEWS FINANCE & REVENUE HOTEL MANAGEMENT INTERVIEWS & ANALYSIS by Zoe Monk on May 6, 2020

Rob Paterson told BH that 'like many businesses', the group's cash reserves have been depleted by the Covid-19 pandemic and it will have 'some work to do' to recover its position and pay down any debt taken on during the crisis, however he remains optimistic about future growth

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