Churchill China recently reported preliminary results for the year ended 31 December 2021, with total revenue of £60.8m (2020 revenue was £36.4m). These results represent growth of +111% on 2020 and +4% on 2019 results.
According to Alan McWalter, Chairman of Churchill China, "The second half of 2021 saw a strong recovery in our sales to the Hospitality market such that the full year results are ahead of our expectations. We continue to benefit from record levels of demand and, while we are mindful of the potential impact of external factors on our markets and manufacturing operations, we remain confident in our ability to deliver an improved performance in 2022." For more information, please visit: https://polaris.brighterir.com/public/churchill_china/news/rns/story/wkn1vvw And, it's not just #NYC that is still hurting from the lack of #businesstravel. Many major metropolitan markets now not expected to #recover until 2024 according to a study by the American Hotel & Lodging Association and Kalibri Labs.
Here's a link to the NY Post newspaper article that explains it all: https://nypost.com/2022/04/20/nyc-hotel-and-tourism-business-has-long-road-to-recovery-study/ Be sure to check out this #podcast from Frankfurt's Ambiente trade fair. It was an honor to be included with our colleagues from around the globe to discuss all things #HoReCa.
Here's a link to the Ambiente feed: https://www.facebook.com/ambientefair |
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