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Lastminute.com Group says it is in a “solid cash position” despite ending 2020 with revenues down some 62% on the previous year.
The online travel agency business brought in €128.9 million in core revenues over the 12-month, pandemic-hit period.
Business owners across the hospitality and leisure sectors throughout the UK need to take stock and prepare themselves for yet another turbulent year as the onerous restrictions imposed by the third national lockdown show no signs of being eased. Critical to this is to revisit the underlying assumptions that underpin their existing financial plans and ensure key stakeholders continue their support.
UKHospitality has urged the government to extend and expand the VAT cut for hospitality businesses in order to stimulate demand and help support the tourism and hospitality sectors.
Although hotels at their most basic level provide a venue for sleeping, many guests suffer from insomnia or disrupted sleep on the road, which can take a toll on their ability to enjoy their overall hotel stay and trip itself. According to a new study published online in Tourism and
The pandemic has demonstrated not only the opportunities of remote working but also the limitations. Many travel executives are convinced business travel will come back, despite doom-laden predictions to the contrary. Johan Lundgren, CEO of EasyJet, says that online tools work well for people you know and one-to-one meetings but not
The Competition and Markets Authority (CMA) is threatening legal action if Lastminute.com Group does not repay outstanding refunds to customers. The U.K. regulator says that while the online travel company had committed in November last year to pay more than £7 million to customers by the end of January 2020,
Sunborn, a Finnish property group, is set to take over management of the Sunborn London superyacht hotel, which was previously operated by Danish facility services company ISS. Sunborn will assume full management of the site from 1 March, 2021. The UK hospitality arm of ISS previously ran the hotel for
Whitbread, the owner of Premier Inn, has announced the double appointment of Fumbi Chima and Kal Atwal as non-executive directors of the company. Set to be completed on 1 March 2021, the moves will see Chima become a member of the group’s audit committee and Atwal join the remuneration committee.
Over 160 CEOs from the UK’s leading hospitality businesses, employing hundreds of thousands of people, have written to the chancellor ahead of next month’s Budget. The letter, coordinated by trade body UKHospitality, calls for decisive support to help the sector survive, rebuild and drive the economic recovery and highlights two
Introducing new employee-oriented tech solutions can be a double-edged sword for the hospitality industry. As technology becomes increasingly relevant for both employers and employees, it’s important to consider the positives and negatives of engaging staff digitally. Hosted by the Cornell Center for Innovative Hospitality and Labor Relations (CIHLER), this session
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