Loss widens at Shangri-La Hotel at The Shard hospitality The five-star Shangri-La Hotel at The Shard is eyeing an improvement in its financial performance in 2024 despite its pre-tax loss widening during its latest year. The hotel has reported a pre-tax loss of £7.3m for 2023, according to newly-filed accounts with Companies House. The figure compares to the £6m pre-tax loss it posted in [...]
Aston Martin raises £210m following profit warnings Transport and infrastructure Falling demand in China, delivery delays and the wider push into electric vehicles (EVs) have hit Aston Martin shares over the last year.
Why ‘radical’ Jaguar rebrand is following in Apple’s footsteps Business Jaguar’s controversial rebrand has not been far from the headlines in the last few days, with online commentators slating the move as a “disaster”. The criticism came after the British manufacturer, which is part of the wider Jaguar Land Rover group, unveiled marketing slogans such as “delete ordinary”, “live vivid” and “copy nothing” earlier this [...]
Finding serenity in Zurich, Switzerland’s best Alps access point November 4, 2024 Laurel Waldron finds serenity near Zurich, Switzerland’s hip city with easy access to the Alps With Zürich the gateway to Switzerland’s finest skiing, it would be remiss not to extend your weekend and embrace a night in its largest city. Rather than being stuck in the hustle and bustle of the centre, a 10 minute [...]
A ski holiday on the Swiss Riviera, with deserted slopes and a long snow season October 28, 2024 Enjoy the precision and serenity of German-speaking Switzerland for a unique Swiss Riviera ski holiday adventure by train, boat and bus. By Rob Rees The Luzern area of Central Switzerland provides a perfect gateway to top notch ski areas, easily accessible from Zürich or via train from Paris. Zürich airport, with its efficient train station [...]
Skyscanner: Profit jumps to almost £100m at travel search engine October 14, 2024 Profit at travel search engine Skyscanner has rocketed to almost £100m thanks to the final Covid-19 restrictions coming to an end. The Edinburgh-headquartered business has reported a pre-tax profit of £95.2m for 2023, up from the £31.5m it achieved in 2022. Newly-filed accounts with Companies House also show its revenue rose from £283.8m to £349.4m [...]
Booking.com: Wages and bonuses surge as UK sales jump October 4, 2024 Wages and bonuses surged at the UK arm of Booking.com as its turnover jumped by £50m during its latest financial year. The division’s wage bill jumped from £20.7m to £32.2m in 2023 because of a surge in salaries and bonuses handed out to top staff. The increase comes as its headcount grew to almost 300 [...]
The Savoy Hotel feels the pinch as London’s luxury market gets even more competitive August 28, 2024 The Savoy Hotel is feeling the impact of an increase in competition in London’s luxury hotel market after its pre-tax loss widened during 2023, it has been revealed. The hotel has reported a loss of £17.9m for its latest financial year, having also made a pre-tax loss of £12m in 2022, according to newly-filed documents [...]
Rocco Forte Hotels counts cost of £1.4bn deal with Saudi Arabia’s Public Investment Fund August 27, 2024 Profit at the British hotel group co-founded by Sir Rocco Forte was cut by more than half during its latest financial year as it sold a significant stake to Saudi Arabia’s Public Investment Fund. The deal, which was first announced in December 2023, saw the PIF take a 49 per cent holding in London-headquartered Rocco Forte Hotels [...]
Claridge’s Hotel: Major expansion helps sales and profit surge at five-star London icon August 21, 2024 Sales at Claridge’s Hotel surged by more than 20 per cent in 2023 thanks to a “strong” recovery from the Covid-19 pandemic and the completion of a major expansion project. The five-star London hotel has reported a turnover of £119.3m for its latest financial year, up from the £98.1m it achieved in 2022. According to [...]