Quote of the Week
When you have two good options always go with the one that scares you the most, because that’s the one that’s going to help you grow.
Tweet of the Week
News of the Week
Consumer spending falls to 2.8 per cent in May
as shoppers ‘feel the squeeze’ of inflation
Barclaycard’s consumer spend data for May has landed, show that entertainment spending remained resilient, up 12 per cent, driven by double-digit growth in restaurants (11.7 per cent).
The latest monthly figures show consumer spending growth fell to 2.8 per cent – a 10-month low – as 52 per cent of shoppers say they are ‘feeling the squeeze’ of inflation.
- Shoppers rowed back on spending across the board, foregoing household goods (-2.9 per cent) and clothing (-2.9 per cent) in particular
- Yet Brits continued to spend on the ‘experience economy’, with double-digit growth in cinemas (11.5 per cent) and restaurants (11.7 per cent) boosting entertainment spend growth up 12 per cent, indicating that leisure time is still a top priority.
- Sentiment overall has cooled, just over half (53 per cent) of consumers feel confident in their household finances, down from a high of 70 per cent in March.
Story of the Week
Photo courtesy of hospitalityandcateringnews.com
Harbour & Jones joins the CH&Co Group family
Independent caterer, Harbour & Jones, has merged with CH&Co Group in a move that enhances the group’s diverse portfolio of specialist businesses and strengthens its position across the hospitality market, and particularly in education and the London region.
The merger increases the Group’s turnover to £265 million and will now see it providing catering at over 700 sites across the UK and Ireland, employing more than 6,000 people.
eHotelier Hospitality News
Hilton has named David C. Marr as Senior Vice President and Global Head of Full Service Brands.
He most recently served as Senior Vice President and a Global Brand Leader at Starwood where he oversaw both the Tribute Portfolio and Sheraton Hotels & Resorts. Read more
Vietnam’s first dine-‘n’-slide hotel begins construction.
Designed for the modern traveller, Fusion Suites Vung Tau will provide a range of 171 unique and well-appointed suites and apartments, perfect for young families, couples, or groups of friends. Featuring expansive windows, this 20-storey hotel will make full use of the breathtaking ocean view and natural light this dynamic coastal city is famous for. Read more
Wyndham Hotel Group has announced a new brand: Trademark Hotel Collection.
The soft-brand collection marks the company’s 19th brand and will consist of independent hotels ranging from three to four stars in ratings. Read more
Global Hospitality News
Rising hospitality stars celebrated at BaxterStorey graduation. Nearly 30 young graduates have celebrated their success with BaxterStorey at a special ceremony held on Monday 5th June at 30 Euston Square. Read more
Post-Brexit Britain: KPMG argue hospitality could face a 1 million decline. According to the latest study by KPMG, as many as 75 per cent of UK waiters and waitresses, 25 per cent of chefs, and 37 per cent of housekeeping staff are from the EU. Read more
Trump’s Washington DC hotel received $270,000 from Saudi Arabia. Donald Trump’s flagship hotel in the nation’s capital has received more than $270,000 in payments from a lobbying firm tried to Saudi Arabia, as the country seeks to overturn a US anti-terrorism law.Read more
Corners of the world
A terminal cancer patient who has been told he has just months to live has conquered Mount Everest. Ian Toothill said he believes he is the first cancer patient to scale the world’s highest mountain.The Sheffield Wednesday fan planted a flag of rivals Sheffield United at the summit for charity. Read more
Ariana Grande ‘raises more than £2 million’ for victims with Manchester One Love concert. Early estimates showed more than £2 million had been raised for the victims of the terror attack at the American singer’s Manchester concert less than two weeks ago.Read more
Vodafone to stop its ads appearing on fake news and hate speech sites. Telecoms company to work with Google and Facebook to set up a ‘whitelist’ of safe sites on which its advertising can appear. Read more
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