:
£1bn fund for UK hospitality businesses unveiled
Reading Time: 2 minutesUK: Chancellor Rishi Sunak has announced a £1 billion fund for hospitality and leisure firms affected by the Omicron variant. The announcement comes as rising cancellations are reported by hospitality businesses. According to the government website, many have lost between 40 and 60 per cent of their December trade. The new fund will enable hospitality businesses in […]
Luxury Cottages secures “substantial” investment
Reading Time: 2 minutesUK: Premium online travel agency Luxury Cottages has announced that it has secured a “substantial” funding injection from the Midlands Engine Investment Fund [MEIF] West Midlands Equity Fund to bolster its domestic portfolio. The company said that the investment would help it to increase its portfolio to more than 1,200 properties across the UK and […]
Travel Chapter delays IPO due to “market volatility”
Reading Time: 2 minutesUK: Devon-based holiday letting agency Travel Chapter is delaying its move to go public due to “market volatility”. It follows the news that emerged last month that the company had signalled its intention to file for an initial public offering [IPO] on the Alternative Investment Market [AIM], operated by the London Stock Exchange. The owner […]
Parkdean Resorts rumoured for £1.5bn holiday parks sale
Reading Time: 2 minutesUK: Newcastle-based holiday park operator Parkdean Resorts is rumoured to have been put up for sale by its owner for up to £1.5 billion. According to Sky News, Canadian Onex Corporation [Onex], which acquired Parkdean for £1.35 billion in 2016, is considering selling the operator within the coming months and take advantage of the current […]
Airbnb plans NYE crackdown on parties
Reading Time: 2 minutesUK: Airbnb has announced that it is planning a crackdown on New Year’s Eve parties to protect hosts and minimise neighbourhood disruption around the world. The plan is underpinned by a ban on one-night NYE bookings in entire home listings for guests without a history of positive reviews. Airbnb first piloted the policies and restrictions […]
Travel Chapter set to file for IPO by November
Reading Time: 3 minutesUK: Devon-based holiday letting agency Travel Chapter has signalled its intention to file for an initial public offering [IPO] on AIM, a market operated by the London Stock Exchange. It comes two months after the company, the third largest holiday rental agency in the UK by size of property portfolio, was first revealed to be exploring the possibility of going public. […]
Borrow a Boat £750k crowdfunding campaign goes live
Reading Time: 2 minutesUK: Boat rental and yacht charter marketplace, Borrow a Boat, has gone live with its £750,000 crowdfunding campaign on investment crowdfunding platform Crowdcube, as it aims to go public via a potential, world-first initial public offering [IPO]. Dubbed the ‘Airbnb of boats’, Borrow a Boat has already received £488,648 of its target from 404 investors, […]
SFO probes suspect £150m leasehold investment schemes
Reading Time: 2 minutesUK: The Serious Fraud Office [ SFO ] has revealed that it is investigating two investment leasehold schemes in relation to suspected fraud and money laundering for holiday homes and student accommodation in the UK. It is alleged that the Alpha and Green Park group of companies misled investors into investing £150 million into leasehold […]
Airbnb offers “welcome bonus” for COP26 hosts in Glasgow
Reading Time: 3 minutesUK: Ahead of November’s United Nations Climate Change Conference, also known as COP26, Airbnb is offering a financial incentive to hosts in Glasgow to welcome guests and increase the accommodation capacity for the global event. It comes in response to concerns of a shortage of accommodation during COP26, with around 30,000 government representatives, media and […]
Lifting of US – UK / EU travel ban due this November
Reading Time: 2 minutesUS / UK: President Joe Biden has confirmed that fully vaccinated UK and EU travellers will be allowed to travel to the US from November. The White House has confirmed that it will lift the 18 month ban on international travel, first introduced by Donald Trump at the start of the pandemic in March 2020. […]