Showing Results for tag: United Kingdom
Reopening plans unveiled for UK hospitality
UK: Prime Minister Boris Johnson has unveiled plans for the nation to exit lockdown in a “one-way road to freedom”, with hotels, pubs and restaurants permitted to open indoors from May 17.
UK hotel investment declines 70 per cent in 2020
UK: Knight Frank’s Hotel Transaction Trends 2021 research reveals that investment volumes in 2020 reached £1.8 billion in the United Kingdom compared to £6 billion in 2019, with 81 per cent of the transaction volume occurring in quarter one.
Sunak announces VAT cut for hospitality industry
UK: Chancellor Rishi Sunak has revealed a six-month cut in VAT for the hospitality and tourism sectors, which equates to a $4 billion boost for the industry.
AKA ramps up cleaning protocols across properties
US and UK: AKA serviced residences have introduced a number of new initiatives to help prepare for business post-pandemic.
