Vietnam opens the world’s first 24-carat gold plated hotel

In Hanoi, Vietnam,  a hotel owned by Hoa Binh Group and managed by US-based Wyndham Hotels & Resorts Inc, has opened  The Dolce Hanoi Golden Lake Hotel, after pandemic with facilities including a 24-carat gold tiled infinity pool on the rooftop, while inside guest rooms, bathrooms are laced with yellow metal with price from only…

Rishi Sunak extends the furlough scheme until October

Chancellor Rishi Sunak announced the UK furlough scheme to pay wages of workers on leave because of coronavirus has been extended to October. He further said the government-backed workers and companies going into the lockdown, and would support them coming out and confirmed that employees will continue to receive 80 per cent of their monthly…

Primark and Premier Inn lineup state loans

  FTSE100 giants Whitbread and Associated British Foods today lined up loans from the government as they handle mass  store, hotel and restaurant closures. ABF which owns Primark which shut 186 stores,  and Premier Inn owner, Whitbread  who had been forced to shut 800 hotels, both said  the Bank of England have confirmed they are…

Airbnb IPO launch in doubt

As per data from AirDNA showed Airbnb bookings have collapsed by 40 per cent in China and European cities due to the Covid-19 pandemic, their plans for an initial public offering this year are seriously in doubt. The cancellation or suspension of big conferences and festivals such as South by South West in Austin, Texas…

Barclays brothers to sell Ritz hotel for £750m to Sidra

Sir David and Sir Frederick Barclay are selling the Ritz hotel for £750m  to Sidra Capital a wealthy Saudi Arabian family investment business. The hotel in Piccadilly, built by Cesar Ritz in 1906, has been popular with stars since the age of Charlie Chaplin and Ballerina Anna Pavlova,  is one of  London’s most coveted property…

Raffles and Singapore Sling

The original Singapore Sling was invented at the Raffles Hotel Singapore over 104 years ago by Hainanese bartender Ngiam Tong Boom,  when the etiquette dictated  that Ladies could not consume alcohol in public. Cad’s Alley as first lovated at the main hotel entrance where tables were strategically placed next to one another, so that male…

Soho House with $100m fundraising joins $2bn price club

Soho House, the hotel and members’ club chain, has been valued at $2bn after raising $100m  to help double its global footprint to 50 venues over the next four years. Nick Jones, founder and CEO said, “Expansion is definitely ramping up. We have the infrastructure to do it and we have the appetite People love…