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Minor to major
Minor International described a “transformational year” in which its acquisition of NH Hotel Group paved the way, it said, for it to become a “truly global hospitality operator”. The comments came as the company released its t...
27 Nov 2018
Caring for Passengers with Disabilities and Reduced Mobility
An interesting fact I came about recently in a “Disability and Equality Awareness Training” is that the prototype, on which the design of buildings and cities has been based, is an able-bodied, healthy as can be, permanently 30 years old ...
12 Nov 2018
Essential updates for the travel, tourism and hospitality sectors
During this event the discussion and presentations were heavily Brexit focussed, with particular areas of concern being access to talent, ease of access between the UK and EU countries and FX risk. PSD2 After an opening introduction from Richard Harr...
8 Nov 2018
Regenerating Seaside Towns and Communities
The House of Lords has since Summer this year had a Select Committee looking at the Regeneration of our Seaside Towns and Communities, and have visited Blackpool/Fleetwood; Margate and Skegness. I was delighted to attend the Skegness visit, in Octobe...
31 Oct 2018
Germany bubbles as deals flow
Union Investment has forward-funded four developments in Germany, with leases agreed on all projects. Ongoing interest in the German hotel market has meant that forward-funding has grown as investors seek to secure sites and secondary and tertiary de...
22 Oct 2018
Free Seminar: Essential Updates for the Travel, Tourism & Hospitality Sectors
will explore the raft of new legislation and regulations, and how these are affecting travel companies. It will also look at the continued impact of Brexit, the changes to business rates and how these impact the hospitality sector i...
27 Sep 2018
The future of the Tour Operators' Margin Scheme (TOMS) and the impact of VAT on the travel sector
Following the webinar on
the future of the Tour Operators' Margin Scheme (TOMS) and the impact of VAT on the travel sector
, we have received a number of queries relating to this topic. I would encourage all members of the ION community to visit the
27 Sep 2018
Cyber crime - a major concern for the Travel and Tourism Industry
British Airways announced earlier in September that cyber criminals had stolen personal and financial details of customers making bookings between August 21 and September 5 in a data breach involving 380,000 bank cards. It is reported that BA co...
24 Sep 2018
Atol, ARAs and the September renewals
The CAA announced yesterday they are standing firm on September Atol renewal deadline, despite the extra work that has been created in this renewal process with the newly launched Atol portal. In excess of 200 Atol holders have still not lodged...
20 Sep 2018
Will the Chinese Traveller still be a major contributor to retail sales in the years to come.
There have been a number of comments made about how sales to Chinese travellers may decline over the coming years.. Here are some of them and the arguments against. Growth in the middle classes will not be enough to offset decline in HNWI The midd...
6 Sep 2018
Tips and Service Charges in the UK and USA - Clearing the Fog
With expert input from professional practitioners, HOSPA has produced a practical guide to Tips, Gratuities, Service Charges and Troncs for the UK Hospitality Industry. This guide is available as a free download or a hard copy can be purchased via ...
4 Sep 2018
The Importance of the discount factor when working on a Hotel Arbitration
We are aware about the time value of money and how money today is worth more than in the future, owing predominantly to inflation and opportunity cost. Over the past years, the costs of borrowing in the Middle East has been gradually increasing. Some...
31 Aug 2018
The Passenger at the Heart of the Airport Business
With the substantial growth in air travel in the last two decades, as well as the commercialisation and liberalisation of the airport industry over the same period, has come increased airport competition and the realisation that the air carrier and i...
16 Aug 2018
Employee engagement in our industry
The British tourism and hospitality industry stands on the verge of a staffing crisis as a failure to attract and retain employees to the industry coupled with the real prospect of Brexit hindering the ability of EU nationals to work freely leaves th...
10 Aug 2018
Serviced apartments continue to rise
The serviced apartment sector continues to move from alternative to mainstream, growing stronger market presence, stronger brands and attracting more funding. Positive numbers have led to what consultants HVS call a “boom”, with supply ac...
30 Jul 2018
'Would instead of wouldn't' 'Staycation instead of Staynotcation'
What a fabulous few weeks we have had in the UK, we have had visits by a US President prone to changes of position; we have had changes inside the Government with Ministers coming and going; we have had our own Prime Minister change position on Brexi...
20 Jul 2018
Airbnb deepens role in resi market
Airbnb announced that it was using Paris as a test for its new partnership with Century 21, which it said would make it “easier to sublet”. The agreement came six months after a deal with Brookfield Property Partners, which saw the platfo...
12 Jul 2018
ATOL Reporting Accountants and the New ATOL Regulations
The New Package Travel regulations apply to all holiday arrangements after 1st July. In response the industry has been waiting for the new ATOL Regulations to be published to see the effects this new Directive will have on the ATOL Holders and ...
22 Jun 2018
Brexit’s Open Skies and lack of consistency amongst Airlines
UK Aviation Law and the EU UK aviation’s reliance on EU law, makes Brexit a very real threat for airlines on both sides of the Channel and beyond. A consequence of a “no deal” Brexit could in theory result in grounded planes and mas...
14 Jun 2018
How does Ramadan affect tourist spending?
As most people will know Ramadan is a holy month for Muslims during which every able Muslim should fast from sunrise till sunset. The day after the end of Ramadan is the festival of breaking fast known as Eid. More precisely this is Eid al-Fitr. Ther...
28 May 2018
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