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Results for "Hospitality Sector"

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Armenian Banking Group Acquires Key Georgian Financial Assets
Businessoc-mediaazernews10d ago2 sources

Armenian Banking Group Acquires Key Georgian Financial Assets

The ownership group behind Armenia’s Ardshinbank has completed the acquisition of Georgia’s Terabank and the Biltmore Tbilisi hotel. The transaction marks a significant expansion of Armenian capital into Georgia’s banking and hospitality sectors.

South Korea's Wage Jobs Increase by 292,000 in Q1
BusinessKorea Heraldyonhap-english13d ago2 sources

South Korea's Wage Jobs Increase by 292,000 in Q1

South Korea experienced a significant increase of 292,000 wage jobs in the first quarter, primarily driven by growth in the welfare and hospitality sectors. This rise indicates a positive trend in the nation's employment landscape.

Death of Icelandic Hotel Pioneer Wilhelm Wessman
Culturemorgunbladid27d ago

Death of Icelandic Hotel Pioneer Wilhelm Wessman

Wilhelm Wessman, a renowned Icelandic pioneer in the hotel and restaurant industry, passed away on August 3rd at Landspítalinn. Born in 1942, he was a prominent figure in the country's hospitality sector.

UK Government Rejects Plan to Limit 'Vertical Drinking' in Pubs
Politicsde-volkskrantn1-serbiaYahoo29d ago3 sources

UK Government Rejects Plan to Limit 'Vertical Drinking' in Pubs

The British government has rejected a controversial plan to limit 'vertical drinking' in pubs, a proposal that had faced strong opposition from pub landlords and politicians. Critics argued the measure was impractical and would negatively impact the hospitality sector.

Irish Hospitality Sector Grapples with VAT Cut Amid Soaring Costs
Businessirish-independent2mo ago

Irish Hospitality Sector Grapples with VAT Cut Amid Soaring Costs

Despite a reduction in VAT for the Irish hospitality sector to 9%, industry warnings suggest restaurants are unlikely to cut prices due to high food inflation and wage hikes, while business owners hope the cut will help absorb soaring operational costs, though economists caution about strain on public finances.

Pizza Chefs Gain Popularity Among Youth in Montenegro
Businessvijesti-me4mo ago

Pizza Chefs Gain Popularity Among Youth in Montenegro

Pizza chefs are becoming increasingly popular among young people in Montenegro, addressing a growing shortage of qualified staff in the hospitality sector. Educational programs are highlighted as a crucial model for developing skilled personnel and facilitating faster entry into the job market.

Almost Two British Pubs Closing Daily in 2026
CultureBBCThe IndependentYahoo4mo ago3 sources

Almost Two British Pubs Closing Daily in 2026

New data reveals that nearly two British pubs are expected to close every day in 2026, driven by increasing financial burdens and operational costs within the hospitality industry.

Businesstimes-uk4mo ago

Hotel Group in Hastings Up for Sale

A prominent hotel group located in Hastings has announced it is putting itself up for sale. The move signals a significant development in the local hospitality sector, potentially leading to new ownership.

Greece Faces Dual Staffing Crisis in Hospitality Sector
Businessiefimerida3mo ago

Greece Faces Dual Staffing Crisis in Hospitality Sector

Greece's hospitality sector is grappling with a dual staffing crisis ahead of the peak summer season, facing a publicly documented shortfall of 85,000 frontline seasonal workers and a less visible but equally pressing shortage of senior executives.

Worlddaily-mirror-lk1d ago

New Entertainment Venue Opens in Sri Lanka’s Hikkaduwa

A newly established entertainment complex has opened its doors in the coastal town of Hikkaduwa, offering visitors expanded leisure and dining options. The development is expected to boost local tourism and create jobs in the growing hospitality sector.

One Quarter of Irish Pubs Have Closed Since 2005
Businessrte-news5d ago

One Quarter of Irish Pubs Have Closed Since 2005

New industry data reveals that approximately 25 percent of Irish pubs have shut their doors since 2005. The decline highlights ongoing challenges facing the traditional hospitality sector amid changing consumer habits and economic pressures.

UK Prime Minister Burnham Announces Business Rate Cuts for Pubs and Clubs
BusinessBBCbloombergFT+16The Guardiantagesschaufazle-figaroSCMPtvn24The Independent24ur+8 more1mo ago19 sources

UK Prime Minister Burnham Announces Business Rate Cuts for Pubs and Clubs

New UK Prime Minister Andy Burnham has announced a 20% cut in business rates for pubs, clubs, and live music venues across England. This move aims to support the hospitality sector, though some critics argue other businesses are being overlooked.

Businessabidjan-net2mo ago

SaffronStays Secures $3.5 Million in Funding Round

SaffronStays, a company operating a managed home model, has successfully raised $3.5 million in its latest funding round. The investment highlights investor interest in its unique approach to the hospitality sector.

Politicscdm-me3mo ago

US Employment Exceeds Expectations in May

US employment remained stable in May, significantly exceeding expectations with 172,000 new jobs created, primarily in the hospitality sector and local government, according to a Labor Department report.

Top UK Chefs Call for 10% VAT Cut for Hospitality Sector
BusinessBBC3mo ago

Top UK Chefs Call for 10% VAT Cut for Hospitality Sector

Prominent UK chefs, including Tom Kerridge, Yotam Ottolenghi, Ravneet Gill, and Simon Rogan, have urged for a reduction in VAT to 10% for pubs and restaurants. They argue that this measure is necessary to alleviate the increasing financial pressure on the hospitality industry.

Portuguese Hospitality Sector Opposes VAT Increase
Businessobservador3mo ago

Portuguese Hospitality Sector Opposes VAT Increase

The Portuguese Association of Hotels, Restaurants, and Similar Services (AHRESP) is advocating for the retention of the 13% intermediate VAT rate in the restaurant sector, opposing government plans for an increase.