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Hospitality Highlights 12th June 2020

Hospitality Highlights 12th June 2020

Hospitality Highlights

News curated by Virtual Solutions

UK Hospitality Industry will not open sooner than the 4th July.
Business Secretary Alok Sharma has confirmed that the bars, hotels, and restaurants will not reopen until at least the 4th July. This will only be possible if the rate of infection remains low; some parts of the UK have seen a spike in infection rates or have seen their rates come down slower than other areas.
It’s also expected that the industry will open in stages rather than all at once to make sure social distancing measures can be controlled. Read more here

Takeaway giant Just Eat set to buy Grubhub for $7,3 billion.
The ‘Takeaway Takeover’ will allow Just Eat to enter the US food market, a space it’s coveted for a while after dominating the UK, EU, Australia, Canada, and parts of South America.
The company will now compete with Uber Eats and DoorDash across the Atlantic. Just Eat have been an important company during the COVID-19 pandemic, helping restaurants pivot to a takeaway model to remain in business. Find out more here.

Coffee company Starbucks forced to close 400 stores across the US.
The decision will result in the loss of many jobs across each site, but the company also has plans to “strategically optimise” its store count after COVID-19 to prioritise areas that will benefit from the most footfall.
It’s expected to open new sites in new locations which is good news for any displaced staff from branches that need to close. Read more about this story here.

Hotels are offering customers the option to rent their whole site.
Although this comes at a rather steep price, the news comes as some guests are looking for ways to ensure social distancing measures will be adhered to, so hotels are offering wealthy customers the option to hire the entire hotel for the duration of their stay. Learn more about this story.

What are your thoughts on the spread of coronavirus or any of the other stories from today’s briefing? Share them in the comments below.

Virtual Solutions

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