House of Commons

‘Overwhelming support’ for hospitality sector in parliament debate

The hospitality sector has welcomed the cross-party support it has received for the creation of a Minister of Hospitality role after a debate was held yesterday in parliament. It was good news for the industry as MPs spoke out at the official debate held yesterday afternoon, voicing their concerns that the hospitality sector does not have adequate representation in government, despite all that it contributes to the economy and society. The petition for a Minister of Hospitality was started in October and spurred on in November when Robin Hutson launched…

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'Closed due to Covid-19 restrictions' sign

Industry slams £4.6bn retail and hospitality relief package

Industry bodies have dismissed the Treasury’s £4.6bn relief package for retail and hospitality businesses as nothing more than a “sticking plaster”. The package, which was unveiled after the government placed England into a third national lockdown, has been criticised for failing to address long-term issues such as rent and business rates. The biggest chunk of the package is a £4bn fund to support an estimated 600,000 retail and hospitality business sites on a “per-property basis”. The one-off top-ups will be granted to closed businesses, with £4,000 for those with a…

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Cinema popcorn. Image by Devon Breen from Pixabay

Why the future of cinemas may be brighter than it looks

The first rule of investing is “buy low, sell high.” Right now, few businesses are hitting lower lows than the movie theater industry, which could make it a great time to acquire a distressed asset ahead of a turnaround. That’s been true for the duration of the pandemic, and it’s still true now even as light can be dimly glimpsed at the end of the tunnel. The question is, is there an upside given the uncertain state of the entire film industry, and if so, for what kind of buyer? These…

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