The way in which tips are allocated in the hospitality, leisure and services sectors has long been a contentious issue.
Under the Employment (Allocation of Tips) Act 2023 (the “Act”), which has just received Royal Assent...more
With 336,893 new COVID-19 cases reported in the seven days ending on 8 December 2021 (the highest since the week to 16 January 2021) and the concern around the transmissibility of the Omicron variant, the government has...more
12/9/2021
/ Certification Requirements ,
Coronavirus/COVID-19 ,
Emergency Response ,
Entertainment Venues ,
Hospitality Industry ,
Infectious Diseases ,
Masks ,
Remote Working ,
Restaurant Industry ,
UK ,
Vaccinations ,
Virus Testing
With government support instigated by the Covid-19 pandemic coming to an end, there is an inevitability that some hotel owners will sadly not have the liquidity to continue to operate in the medium term. Eager investors are...more
9/28/2021
/ Business Assets ,
Coronavirus/COVID-19 ,
Distressed Assets ,
Financial Distress ,
Franchise Agreements ,
Hotel Management Agreements ,
Hotels ,
Insolvency ,
Investors ,
Target Company ,
UK ,
UK Insolvency Act
In our recent blog, we highlighted the UK government’s announcement on 14 June 2021 in relation to the likely four week delay in triggering stage 4 of the lockdown roadmap. This announcement was not, however, accompanied by a...more
The extended Coronavirus Job Retention Scheme (“CJRS”) had been expected to continue until the end of April 2021. However, in light of the UK government’s recent announcement in relation to the gradual lifting of lockdown...more
On Saturday 31 October, the UK Prime Minister announced a second national lockdown in England and an extension of the Coronavirus Job Retention Scheme (“CJRS”). The lockdown comes into force on Thursday 4 November 2020 and...more
11/2/2020
/ Business Closures ,
Coronavirus/COVID-19 ,
Emergency Management Plans ,
Furloughs ,
HMRC ,
Hospitality Industry ,
Non-Essential Businesses ,
Operators of Essential Services ,
Public Health Emergency ,
Shelter-In-Place ,
UK ,
Workplace Safety
Less than two weeks after the announcement of the extension of the Job Support Scheme (“JSS”) and amidst widespread concern from the hospitality industry that Tier 2 restrictions represent the “worst of all worlds” for the...more
COVID-19 has had a dramatic impact on the hotel sector, causing occupancy rates to plummet around the world. Periods of closure and low occupancy will have a negative effect on the financial performance of affected hotels and...more
The Chancellor has announced bold measures to help the UK hospitality sector, through an unprecedented reduction of VAT from 20% to 5% and a unique scheme to encourage customers to return to restaurants. The Government is...more
The Government yesterday published its Business and Planning Bill. The Bill includes an assortment of measures to support businesses as the country transitions from lockdown into recovery, including the introduction of new...more
Whilst the current Covid-19 pandemic is an extremely challenging time for the hotel industry, it also presents an opportunity for hotel operators to re-connect with their owners, and demonstrate the value that they bring to...more
As we all scramble to adapt to ever changing business conditions brought on by the Covid-19 pandemic, one industry which has been overwhelmingly impacted is the hotel industry. Worldwide, hotels have been forced to close as...more
In the US, the flexible workspace market has been firmly established for years, and profit share leases and management agreements are common. The recent proliferation and popularity of flexible space providers in the UK, led...more