Worldwide briefing

23 October 2000
Worldwide briefing

Essential news from around the world…

Spanish exhibition

French-owned contractor Elior has won a 10-year deal to cater at the IFEMA exhibition centre in Madrid, Spain. It will take over the management of 30 restaurants and bars in eight pavilions. Turnover on average will be more than euro 15m (£8.6m) a year.

Real progress

Bass Hotels & Resorts and Grupo Real, its partner in central America, have opened their seventh hotel in the region. The new 240-bedroom, 15-storey Hotel Inter-Continental Guatemala, is in Guatemala City.

Sodexho Marriott profits rise

US contract caterer Sodexho Marriott Services has reported a 6% hike in net profits to $63.4m (£43.6m) for the year to 1 September. Revenue was up by 5% to $4.73b (£3.25b).

Interstate shareholders OK Lehman deal

Shareholders in Interstate Hotels, the 160-strong US group, have approved a $30m investment and the formation of a joint-venture with an investment group led by Lehman Brothers. Interstate directors earlier rejected an unsolicited $28.8m offer from Shaner Hotels.

Bigger Apple

New York's eating-out market is stronger than ever, according to the latest survey from Zagat. New Yorkers ate out on average 3.6 times a week, against 3.2 times a week last year. They spent nearly 6% more per meal, at $35.14 including one drink and a tip.

Axe to fall on Sydney hotels

A spate of conversions to residential use of hotels built in the 1960s and 1970s is set to strengthen the fundamentals of the hotel market in Sydney, Australia, according to agent Jones Lang LaSalle. Under current plans, a total of 823 bedrooms will be removed from the city's Kings Cross district, representing 30% of room supply.

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.


Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking