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RESTAURANT INDUSTRY REBOUND
Employers added 172,000 jobs last month as US job market shows resilience despite Iran warAmerica's job market is surprisingly strong. Employers added many jobs in May, and unemployment remains low. This hiring rebound is seen ac...
Dubai hospitality gets a nine-day breather during Eid al-Adha holidaysIn anticipation of the Eid al-Adha holidays, hotels across Dubai and Abu Dhabi are seeing a notable spike in reservations, a promising sign...
US stock market today: Why Dow Jones is down while S&P 500 and Nasdaq rise today — Dow crashes over 160 points as oil surges above $100 and Iran tensions rattle blue-chip stocksUS stock market today shows a sharp split. The Dow Jones Industrial Average falls over 160 points. Oil prices surge above $100. Iran tensio...
UAE hotels find peace in war, go for renovations and upgradesPremium hotels in Dubai are undertaking renovations. This is happening due to a slowdown in tourist numbers. Some hotels will close for up ...
Hunch Ventures takes over Jamie Oliver India restaurantsHunch Ventures is set to acquire Jamie Oliver Restaurants in India from International Market Management, becoming the sole owner. With plan...
Homegrown private equity firm ChrysCapital scoops up bakery chain Theobroma in ₹2,410-crore dealChrysCapital is set to acquire a 90% stake in Theobroma Foods for ₹2,410 crore, purchasing from promoters and ICICI Venture, who invested i...
Overall job postings surged by 20% this festive season, professional networking platform apna.co saysApna.co reports a 20% increase in job postings this festive season, driven by strong hiring in logistics, e-commerce, and hospitality secto...
Hopeful of more guests, dine-out chains set festive table"We are hopeful of recovery in demand in the October-December quarter after six months, when macro events such as the severe heatwave and t...
Time now on the menu at fine dine restaurantsThe rebound in the hospitality sector in India has resulted in longer dining times at fine-dine restaurants, with customers spending an add...
China's GDP growth rises to 4.5% amid consumption boostThe growth comes amid a rebound in consumption, as people flocked to shopping malls and restaurants after harsh COVID-19 restrictions were ...
New restrictions may plunge food delivery platforms back into perilWith night curfews in place in both Delhi and Mumbai, Swiggy and Zomato have stopped taking orders at 7:30 pm, missing out on peak time for...
Billions for bar service? Fed bond buying now tied to service sector reboundThe service sector accounts for about two-thirds of U.S. economic output. Decimated during the pandemic, it is taking on an even more outsi...
Nasdaq closes higher with tech stocks back in favorAfter falling sharply for two days, the tech-heavy Nasdaq was boosted by "stay-at-home" stocks such as Microsoft , Amazon.com Inc, Apple In...
Coronavirus second wave douses hopes of German economic recoveryAnalysts from financial information service Factset have predicted a rebound of 7.4 percent in July to September after a plunge of almost 1...
European Central Bank holds off on strengthening stimulusThe European Central Bank held off from strengthening its stimulus programs despite growing concern that a renewed surge in COVID-19 cases ...
Quick service restaurants staging a quicker recovery among organised eatery businessesThanks to spikes in home deliveries and in takeaways, India’s QSR segment that accounts to about 5% of the overall Rs 4.23 lakh crore food ...
Gold firms to near 8-year peak as virus concerns boost demandIndia on Monday overtook Russia to record the world's third-highest number of COVID-19 infections, while U.S. coronavirus deaths crossed 13...
Covid-19 pandemic to eat up half of dine-in restaurants' revenue in FY21: Crisil ResearchGiven low demand and social distancing norms, restaurants will operate at 25-30% of their monthly service levels in the first 45 days after...
Eating joints feel the heat as economy slowsWhile discretionary spending has visibly fallen, market players said the frequency of consumers opting to eat out has declined by nearly 50...
- Tipplers take hotels on a New-Year high
Liquor sales at hotels and restaurants reversed out a decline by 12-15% as consumer sentiment improved over last year, which faced the twin...