The top 5 stories in hospitality this week – 05/12/16 – 09/12/16

By Hannah Thompson contact

- Last updated on GMT

The top 5 stories in hospitality this week – 05/12/16 – 09/12/16

Related tags: Tom kerridge, Hotel

From Tom Kerridge's first London restaurant, a £24m investment from Accor, to warnings of scams, we round up the week's biggest news

Tom Kerridge to open first London restaurant
This week, it was confirmed that Tom Kerridge, chef at the two-Michelin-starred Hand and Flowers pub in Marlow, is to open a new restaurant in 216-bedroom luxury Knightsbridge hotel the Jumeirah Carlton Tower​. The new restaurant will receive a complete renovation, and be on the site of the hotel’s current Rib Room Bar and Restaurant.

Hospitality warned of 'significant' cyber attack threat
Staff at hotels and restaurants in the UK have been warned to be on high alert​ against potential cyber attacks as a sophisticated crime group turns its attention to the hospitality sector. Security company Trustwave believes crime group Carbanak, responsible for stealing more than $1bn from banks in 2015, and more recently attacking the Oracle Micros POS support site, is now targeting hospitality. 

Tom Byng to step down as Byron CEO
Tom Byng is to step down as chief executive of Byron​, the better burger business he founded in 2007 and has grown to a £80m-­turnover, 69­-strong business. Byng will leave the business early next year, but will remain a shareholder and will continue his involvement with Byron as an advisor to the board.

Accor to expand luxury Banyan Tree hotel brand
AccorHotels has further bolstered its share of the luxury hotel market with a £24m investment in Singapore’s Banyan Tree Holdings​. The move follows similar deals by Accor in the past year, including the acquisition of Fairmont, Raffles, and Swissotel owner FRHI for £1.9b. 

'Fundamental' Brexit effect on food and drink prices expected
Brexit will have a fundamental impact on food and drink prices​, with foodservice inflation expected to rise by 3.4 per cent in 2017 alone, David Read, chief executive of Prestige Purchasing warned. Read said that even before Brexit, with the Sterling’s depreciation likely to settle at 15-20 per cent, it could be assumed a total impact on food and drink prices of around five per cent.


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