Monthly Archives: October 2010

Cost of eating out rises 5% year on year, says Horizons

Eating out in the UK is becoming increasingly expensive as new figures show that a three-course meal in a restaurant will now set you back £21, a rise of 5% over the past 12 months. The price of dining out in a pub has risen even more steeply at 5.6% year-on-year – a three-course pub […]

Posted in Other | Tagged , , , , , , , | Comments closed

Academy of Food & Wine Service announces the winners of the 2010 Awards for Excellence

David Galetti, head sommelier at Le Gavroche, London, has been announced as this year’s winner of the Academy of Food & Wine Service (AFWS) Dalmore Award for Excellence.

Posted in Other | Tagged , | Comments closed

Hotel market valuations must factor in upturn, says HVS

Hotels valued using traditional valuation methods that don’t account for an upturn in the market and an owner’s ability to refinance with improved credit facilities are potentially being undervalued by as much as 15-20%, according to hotel consultancy HVS.

Posted in HVS London | Comments closed

The Savoy under pressure as luxury competition intensifies

This weekend [10.10.10] saw the re-opening of The Savoy in London following its £220m refurbishment. Below are some comments from Russell Kett, managing director of hotel consultancy HVS, London.

Posted in HVS London | Tagged , , , , | Comments closed

Budget hotels dominate European development as investor interest grows, says HVS

As the hotel market starts to recover across Europe but credit for new development remains scarce, budget and limited service hotels will continue to be the dominant sector for investment, accounting for a greater proportion of new projects than more upmarket hotels, according to a new report from hotel consultancy HVS and construction consultancy Davis […]

Posted in HVS London | Comments closed