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UK Budget to raise taxes by £40bn: Hospitality industry reacts
Reading Time: 8 minutesUK: New UK Chancellor Rachel Reeves MP has delivered a Labour Budget for the first time in 14 years as the government warned of “difficult” decisions to “restore economic stability” and plug a £22 billion black hole in public finances.
Leisure and tourism brands predicted to lose 20 per cent of cumulative value
Reading Time: 2 minutesWorldwide: Independent branded business valuation consultancy Brand Finance has simultaneously released its Brand Finance Leisure & Tourism 10 2020 ranking and Hotels 50 2020 report, in which it says brands could lose up to 20 per cent of their cumulative value as a result of the Covid-19 pandemic. In the first ranking, Brand Finance ranked […]
OYO to plough investment into vacation rental business
Reading Time: < 1 minuteIndia: Indian hospitality startup OYO has revealed it will inject up to 300 million euros ($335.28 million) into its vacation rental home business to expand its increasing European footprint. In May, OYO acquired Amsterdam-based holiday rental company @Leisure, after which the hospitality chain rebranded as OYO Vacation Homes. In a statement, OYO said it now […]