David Lloyd Leisure plans 40 new clubs in the UK

DLL has reorganised its top team in order to expand its estate through acquisition, after seeing a “remarkable” bounceback in membership levels since reopening its clubs earlier this year. CEO Russell Barnes – speaking exclusively to HCM – said his move to CEO, with Glenn Earlam taking up the role of executive chair, has been driven by the need to exploit a once-in-a-lifetime opportunity for growth. The strong return of members, Barnes says – coupled with property “opportunities created by the pandemic” – has led to the company setting out ambitious expansion…

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UAE fuels $492m investment into Bahrain’s tourism sector

Major investment from UAE-based property developers is helping to support Bahrain’s tourism sector, which is striving to recover from the ill-effects of coronavirus. According to the fDi Intelligence Tourism Investment Report 2021, the kingdom secured $492 million of tourism capital investment last year, the highest in the Middle East and Africa (MEA) region, largely as a result of investments from Dubai-based Emaar Properties and real estate developer Eagle Hills. Capital investment into MEA last year decreased 82 percent from 2019, dropping to $1.6 billion. The number of tourism jobs created in…

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EasyJet Said to Plan $1.4 Billion Stock Sale for Travel Rebound

EasyJet Plc plans to raise more than 1 billion pounds ($1.4 billion) from a share sale, as the U.K. airline prepares to compete for customers amid the tentative return of leisure travel. The carrier could announce plans to raise fresh funding from selling equity as well as debt as soon as this week, the people said, asking not to be identified discussing confidential information. No final decisions have been made and the size, structure and timing of any transaction will depend on investor appetite and market conditions, the people said.…

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