Rendering of The London Resort

Kent’s ‘answer to Disneyland’ plans new fundraising round

Directors behind a £2.5bn theme park dubbed “the UK’s answer to Disneyland” are hoping to tap up investors for fresh capital this year as costs for the blockbuster development continue to mount. The London Resort Company, which plans to build a 1,245-acre theme park in Kent, has engaged financial advisers to raise funds in 2021 from additional sources in “London capital markets and other financial centres”. The capital-raising effort comes after a rollercoaster ride for the site, which has faced a swathe of planning hurdles in recent years. Full-year accounts for…

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Dominik Pearce on Unsplash

Staycation boom predicted for summer 2021 as Brits opt for UK holidays

Staycations are expected to boom in popularity after a bumper 2020 season. Last year, the ever-changing travel restrictions abroad meant many holiday parks and caravan sites sold out due to the high demand by Brits wanting a UK trip. A study by Wyndham Hotels & Resorts revealed that 44 per cent of people are intending to revisit a UK destination, while 39 per cent are going to explore a new location across the country this year. While many families are no doubt eager to book a holiday a bit further…

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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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