Quote of the Week
“The Challenge with changing the world is that there is an old way of doing things.”
Cofounder and CEO, Modumetal
Tweet of the Week
Royal Jordanian hilarious tweet commenting
France Presidental election results.
Sometimes going left feels right #Presidentielle2017 #MacronPresident #France #FrenchElections
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News of the Week
Hospitality remains strong despite consumer spending slowdown
The hospitality sector showed strong growth during a “sharper slowdown” in consumer spending in April, according to Visa’s consumer spending index.
The data, compiled by Markit, showed that the overall growth was at its weakest pace for three months, with just a 0.5% year-on-year increase. However, bars, hotels and restaurants saw the strongest growth with a 9% uplift.
Kevin Jenkins, UK & Ireland managing director at Visa, said: “Consumer spending slowed down further in April, as consumers tightened their belts in the face of rising prices running up against stalling wage growth. Annual spending growth fell back to 0.5%, from an already subdued rate of 1% in March.”
He added: “Easter and the extended half-term break may have contributed towards a strong uplift of over 9% in the hospitality sector.” Read more here
Story of the Week
Food for Soul to open Refettorio Felix in time for London Food Month
Food for Soul, the non-profit organisation founded by chef Massimo Bottura, is partnering with The Felix Project, a London-based food waste charity, to open its third major international project. During London Food Month, Refettorio Felix will provide lunch from Monday to Friday for the homeless and vulnerable individuals. The aim is to serve more than 2,000 meals using five tonnes of recovered food. Read more
eHotelier Hospitality News
Mövenpick signs new hotel in Sylhet, Bangladesh. Mövenpick Hotels & Resorts is set to open a 210-room hotel in Bangladesh in the third quarter of 2018.Learn more
Advancing the rise of women in lodging. Last week, Atlanta-based non-profit the Castell Project—an organization dedicated to advancing diversity in hospitality industry leadership—hosted its inaugural conference. Read more
New bill seeks to curb Airbnb in New York—by legalizing it. A Brooklyn state legislator is behind the bill, which seeks to amend the state’s multiple-dwelling law, which currently prohibits rentals for less than 30 days in New York City apartment. Learn more
Global Hospitality News
Singapore’s Ascott Limited acquires New York hotel, plans $50M investment. CapitaLand’s serviced residence company The Ascott has purchased the Hotel Central Fifth Avenue New York. The company will invest approximately $50 million in renovations and rebranding to open Ascott’s first Citadines residence in the U.S. in 2018. Read more
Tonic wins catering contract for Event Awards 2017.
London caterer Tonic has won the contract to provide catering and hospitality at this year’s Event Awards, which will take place on Wednesday 22 November at the Eventim Apollo, Hammersmith. Find out more
London’s smallest hotel has opened in Shoreditch… with just one room.
A hotel which can claim to be London’s ‘smallest’ has opened in Shoreditch – it contains just one room available to book. Read more
Corners of the world
Coffee order: would you like environmental sustainability with that?
Each year billions of non-biodegradable coffee cups, lids and disposable pods pile up in landfill, creating a growing environmental issue. Learn more
Edinburgh soars in global business tourism rankings.
Edinburgh has rocketed up the business tourism world league table after attracting a clutch of major events to the capital. Read more
This Brexit Britain Tour costs over £4,000 and never leaves London.
The New York Times’ pricey ‘Brexit Means Brexit!’ tour includes visits to Parliament and City Hall – and a pub lunch. Learn more
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