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| Services Market News |
27.10.2008 / Travelodge to open 22 new hotels
Travelodge is to open 22 new hotels before Christmas, creating 450 jobs.
The budget hotel chain said it was benefiting from more people seeking lower cost accommodation because of the growing signs of economic downturn.
Travelodge...
14.10.2008 / New hotel 'to be most luxurious'
Developers of a new hotel in Glasgow said it would be one of the most luxurious in the UK.
Jumeirah Group, which already operates the famous Burj Al Arab Hotel in Dubai, has unveiled details of the "five-star super deluxe" development....
01.10.2008 / UK service sector fails to grow in 3mths to July
Britain's dominant service sector failed to grow for the first time in 6 years in the three months to July as business at pubs, clubs and bars plummeted, official figures showed on Wednesday.
The Office for National Statistics said that...
12.09.2008 / Airline industry faces turbulent times
Turbulence in the aviation industry has already brought down a series of small airlines over the past year - but the collapse of XL Airways is on an entirely different scale.
The demise of the carrier and its parent firm, the UK's...
12.08.2008 / Intercontinental facing slowdown
Holiday Inn-owner Intercontinental Hotels has reported a 29% rise in half-year profits but said revenue growth has slowed in recent months.
Operating profits at Intercontinental's continuing operations rose to $284m (?149.4m) in the six...
02.07.2008 / Starbucks to close 500 more shops
Coffee chain Starbucks plans to shut 500 stores in the US on top of the 100 closures it had already announced, reported The BBC.
Up to 12,000 full and part-time jobs will go, although Starbucks will try to move staff into other stores....
24.04.2008 / Starbucks hit by housing slowdown
The demand for expensive coffee has been hit by the US housing slowdown and economic downturn, reported The BBC.
Starbucks has cut its forecasts for 2008 profit, blaming an economic environment that it describes as "the worst in the...
04.04.2008 / Starbucks Sued by N.Y. Baristas Seeking $5 Million in Damages
Starbucks Corp., the largest U.S. coffee-shop chain, was sued on behalf of more than 2,000 ``baristas'' who seek $5 million in damages for allegedly cheating them by pooling their tips with supervisors, reported The Bloomberg.
``Current...
22.02.2008 / Starbucks announces HQ job cuts
Coffee chain Starbucks is cutting 600 posts, with its headquarters in Seattle taking the bulk of the reduction, reported The BBC.
220 staff will be laid off and another 380 open jobs will not be filled, as the company tries to revive its...
29.01.2008 / McDonald's to Double India Stores
McDonald's Corp., the world's largest restaurant company, plans to this year double its stores in India and open 125 outlets in China to tap growing demand for fast food in Asia, reported The Bloomberg.
McDonald's plans to open as many as...
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