Accor launches €200m saving plan as Covid-19 halves group-wide revenue

Accor has launched a €200m (£180m) cost-saving plan in response to the “violent and unprecedented” shock of Covid-19, which saw group-wide revenue more than halved in H1 2020.

EasyJet founder Sir Stelios Haji-Ioannou has backed a food delivery service being launched to challenge the supremacy of Deliveroo, Just Eat and Uber Eats.

UKHospitality has described the loss of inbound tourism, leisure and business travel in London as a “triple whammy” for hospitality, with the capital hit “more deeply and for longer” than other parts of the UK.

Restaurateur Jeremy King of Corbin & King, which operates venues including the Wolseley, the Delaunay and Fischer’s, has described the recent extension of the congestion charge as another “hammer blow” to the hospitality industry.