Whitbread, the British owner of no-frills hotel group Premier Inn, said Tuesday that it planned to axe up to 6,000 UK jobs, as the coronavirus pandemic slams travel. Whitbread, which owns also restaurant brands including Beefeater and Brewers Fayre, said the cuts would number almost one fifth of its workforce. […]
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New-build homes at a Redrow housing development in Arborfield near Reading, England. Photo: Adrian Dennis/AFP via Getty Images Here are the top business, market, and economic stories you should be watching today in the UK, Europe, and abroad: House builder’s profit slumps House builder Redrow (RDW.L) saw its profits slump […]
(Bloomberg) — Ontario Teachers’ Pension Plan said gains in its bond portfolio helped offset losses in infrastructure and real estate, allowing the fund to nearly break even in the first half of the year. The C$205 billion ($155 billion) pension fund lost 0.4% in the six months through June despite […]
The Courtyard by Marriott hotel in downtown Springfield. BILL LACKEY/STAFF Credit: Bill Lackey Credit: Bill Lackey The Courtyard has 15 full time associates and 17 part time associates. What is happening locally is part of larger statewide trends that has seen the travel and hospitality industry being hard hit by […]
CLOSE Michigan authorities are letting casinos and their partners to allow online sports bets more than a year after gambling was made legal here. Wochit The opening weekend for legal online sports betting in Michigan saw many bonus offer redemptions, a few technical glitches and at least a couple $100,000-plus losing […]
GOA, India (AP) — The sun’s golden rays fall on Goa’s smooth, sandy beaches every evening, magical as ever but strangely quiet and lonely. This holiday season, few visitors are enjoying the celebrated sunsets in the Indian party hotspot. The unspoken fear of the coronavirus is sapping Goa’s vibrant beach […]
People walk by an electronic stock board of a securities firm in Tokyo, Monday, Dec. 21, 2020. Asian shares retreated on Tuesday, Dec. 22, extending losses on growing worries over a new, potentially more infectious strain of the coronavirus that is countering good news over U.S. economic stimulus and vaccines. […]
Holiday traffic in November — the first full month of the Hawaii Safe Travels pre-arrivals testing program — didn’t help Hawaii hotels much. Only 22.1% of available hotel rooms were occupied in November, according to new data released by Hendersonville, Tenn.-based STR. The 72.1% statewide occupancy decline from November 2019 […]
Photograph: Kimimasa Mayama/EPA They can check you in and deliver orange juice to your hotel room, answer your questions about a missing package, whip up sushi and pack up thousands of subscription boxes. And, perhaps most importantly, they are completely immune to Covid-19. While people have had a hard time […]
Loaning money to shopkeepers, landlords and hoteliers in places such as Times Square or SoHo used to be considered almost a sure thing. But that was before the contagion emptied New York City’s skyscrapers, hotels, apartment buildings and stores, leading the president of the United States to call it “a […]
British retailers, bars and restaurants were furious on Saturday evening at being ordered to close in the run up to the crucial Christmas trading period. The tightening of measures will further dampen Britons’ spending confidence, many companies fear, and could put them off from going into shops even if non-essential retailers reopen before […]
The “Game of Thrones” tagline “winter is coming” is especially ominous for small businesses in this COVID-19 battered year. A new report from online payroll and benefits platform Gusto predicts dire outcomes if more government relief funding is not made available to help businesses through the cold weather months. The […]