Unfortunately, there is a maddening lack of meaningful sub-analysis of employment data for the hospitality sector, but there’s little doubt that the hotel industry has more than its fair share of the many problems with staffing across the economy as a whole and a significant part of the 100,000+ unfilled hospitality vacancies. Indeed, the issues have become sufficiently serious to
Thursday, July 4, 2024, was not just another Independence Day for the US; it marked the end of one political era and the beginning of what was promised throughout the election campaign to be a very different one. We are still in the very early honeymoon phase of the new regime, but already, the intended shape of future economic policy
There are so many misconceptions about talking to IPs about a business’s problems that it’s hard to know where to start with de-mystifying the process. The two immediate fears are how much will it cost and won’t they simply want to push my company into liquidation to earn a quick fee? The first question is easy to answer. The initial
Trade has grown increasingly global in recent decades, generating greater volumes of cross-border issues. Some of these inevitably need resolving through some form of restructuring or insolvency process. Unfortunately, not everything can be settled on a consensual basis. The trouble is, the deeper one dives into the world of international insolvency, the more obvious it becomes that insolvency regimes are
More mixed news on the economy amid the chaos of the election campaign As during any election campaign, it’s usually best to avoid all media interpretation of economic statistics amid the swirl of reckless hyperbole and the plethora of highly questionable ‘facts’ being peddled by all political parties in their frantic efforts to win over voters. The savage rebuke issued
The embattled hospitality sector has another front to fight on. This week has seen media headlines about pub closures rapidly increasing by 51% in Q1 2024 compared to the same period in 2023. This follows hard on the heels of data from accountants, Price Bailey that the 514 restaurant closures in Q4 2023 were the highest quarterly figure their research
