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VAT Exemption for MICE in the UAE – An IFRS 15 breathe easy
The UAE recently introduced a “booster” to what in my opinion is a stable economy. Some would argue that a stable economy is just another word for a stagnant economy and in their opinion, the booster was indeed, the need of the hour. The ...
23 May 2018
IHG to rebrand Principals
InterContinental Hotels Group is to rebrand 12 hotels in the Principal portfolio acquired by Foncière des Régions, with flags to include Kimpton. CFO Paul Edgecliffe-Johnson said that the deal would also allow the group to “quick...
17 May 2018
Regional Airports in Europe-Connecting People, Places and Products
In November 2017 ACI (Airports Council International) Europe brought out a publication on Regional Airports aimed at presenting the relevance of regional airports and their contribution to the local, regional and European economies as essential links...
10 May 2018
VAT on UK tourist providers and the post Brexit landscape
Despite the fact almost every day we hear about Brexit on the news; the detail on how the UK might be able to manage its VAT rates without EU guidance has yet to be discussed it seems in detail.Perhaps the sector should be seeking to push itself high...
23 Apr 2018
VAT in the UAE – an easy check out for hotel accountants?
It has been a successful two months for hotels. Not in terms of occupancies, which do not seem to be rising as quickly as the supply of new rooms. Gaining an increase of RevPAR remains a challenge for properties which are not near public transport or...
15 Mar 2018
STAYCATION - UK HOLIDAY PARKS - Will the boom continue?
UK holiday parks have enjoyed bumper profits over the last few years with surging occupancy levels on their hire fleet and record sales of new caravans and lodges off the showground. The question park operators and investors in the sector are asking ...
14 Mar 2018
ATOL Consultation February 2018 – Relevancy to ARA’s
The revised EU directive on package travel came into force in 2015 and the UK is required to implement and bring into force UK regulations to give effect to the Directive by 1 July 2018. The Civil Aviation Authority has finally released their detail ...
8 Mar 2018
Consultation: Modernising ATOL - PTD 2015
On 23 February 2018, the Department for Transport (“DfT”) and the Civil Aviation Authority (“CAA”) published a one month consultation on proposed changes to ATOL to implement the Package Travel Directive 2015 (“New PTD&r...
5 Mar 2018
Alternatives embrace transparency
Investors into the alternative accommodation market were attracted by the ability to accurately gauge returns, delegates at the Hotel Alternatives Event 2018, hosted by Hotel Analyst in London, were told. Hostels and the budget hotel sector were seen...
5 Mar 2018
Europe’s largest integrated casino resort to be built in Cyprus
During an impressive presentation held at the Presidential Palace in Cyprus on 9 January 2018 the finalised plans for the first Integrated Casino resort in Cyprus, and the largest in Europe, were unveiled. Melco Resorts & Entertainment Ltd, a Hon...
23 Feb 2018
Flying in the face of adversity
In the first of our new series focusing on sector-specific business hurdles, Annie Makoff looks at the challenges and opportunities shaping the airline industry. In many ways, the airline industry is booming. Such is the favourable price of oil, incr...
7 Feb 2018
Caution comes to lagging UK market
The volume of UK hotels transactions is expected to fall this year, from GBP5.3bn last year to around GBP5bn, as portfolio transactions tail off, according to Christie & Co. The UK has also see a change in investor profile, as private equity grou...
6 Feb 2018
UK deals to grow in 2018
The UK is expected to see the volume of deals grow in 2018, despite an anticipated fall in performance. The forecast came as HVS said that this year would “truly sift the good from the average, particularly in cities with an increasing supply o...
23 Jan 2018
2018 Year of staff shortages in UK seasonal sectors or not !!??
As 2018 starts i understand from colleagues who work closely with labour providers that already the year has a different feel to it than previous ones, as the previous pool of talent from outside the UK seems to be reducing. At first this might seem ...
17 Jan 2018
Tourism Trends - the trends in one persons lifetime
I was born in 1950 - AMAZING to see how the industry I have been proud to be part of for half a century has evolved and grown......
10 Dec 2017
Achieving 2018 budgeted profit
Achieving 2018 budgeted profit As they prepare to welcome the Christmas and New Year guests, hotel management teams around the world are facing up to the annual task – delivering next year’s budget. Despite years of being pilloried as bei...
2 Dec 2017
What’s happening with Tips, Service and Cover Charges? Part 2 - Some explanatory background information
Posted on behalf of Howard Field There are no common practices in the UK hospitality industry for the handling of tips and service charges. From time to time the subject is brought into view principally via the media, and usually because of issues o...
1 Dec 2017
What’s been happening with Tips, Service and Cover Charges? Part 1 - HOSPA survey
Posted on behalf of Howard Field. What some of the hospitality industry trade bodies are doing The Association for Licensed Multiple Retailers (ALMR) whose members comprise mainly restaurant and bar chains have been in discussion with UNITE the unio...
1 Dec 2017
Budget for Tourism
As the main domestic tourist season draws to a close, the budget was awaited with interest on the East Coast as with many areas to see what if anything could be found in it to help the areas vital tourism trade develop. Tourism operators are very res...
29 Nov 2017
Brexit – The Importance of Contingency planning in the Hospitality Industry
With the Brexit deadline only 16 months away, but with no clear progress on how the UK will be affected by the EU fundamental freedoms of free movement of people and goods, businesses in the Hospitality industry, both large and small, should be prepa...
24 Nov 2017
CABA launches first ever whitepaper to advise employers on how to boost the wellbeing of their workforce.
CABA, the charity that supports the wellbeing of chartered accountants, has today announced the official launch of its first ever whitepaper:
The importance of holistic health and wellbeing at work
. The whitepaper addresses wellbeing concerns ...
22 Nov 2017
The GST Rollercoaster
Posted on behalf of Sundeep Gupta, Partner - Compliance, Indirect Tax, ASA & Associates LLP India had another tryst with freedom, though of a different kind, at the midnight hour on July 1, 2017. Freedom from multiplicity of taxes, as Goods and ...
14 Nov 2017
Corporate Criminal Offence - Travel and tourism businesses are you complying ?
There is a widely held view that amongst others, Corporations/Multinationals supported by their Advisors are not paying their “fair share” of tax. This has resulted in relentless scrutiny from the media and ever greater calls for aggressi...
13 Nov 2017
Serving up profitability - RevPASH and other restaurant revenue management tools
A restaurant only makes money when customers are paying their bills, having sat on the seats and eaten from the menu. Often restaurant menus have catchy descriptions, gorgeous photos and an attractive layout. But what is sometimes missing from the ov...
6 Nov 2017
Will Brexit actually enhance image of Leisure as employment to consider for UK staff
As Brexit nudges ever closer, many in the Tourism sector in the East of England are reporting signs that East European staff are starting to return to their homelands. To many employers this is a dis appointment as the image of working in Tourism and...
3 Nov 2017
More content on this topic ...
VAT Exemption for MICE in the UAE – An IFRS 15 breathe…
IHG to rebrand Principals
Regional Airports in Europe-Connecting People, Places…
VAT on UK tourist providers and the post Brexit la…
VAT in the UAE – an easy check out for hotel accountants…
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