Bedworth iconic brand to reopen next week after hotel giant sees Covid-19 ‘halve revenues’ since lockdown

  Posted: 30.06.20 at 16:54 by Nick Hudson

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BOOKINGS NOW BEING TAKEN FOR MONDAY RESTART OF HOLIDAY INN EXPRESS AT BERMUDA PARK

GROUP ANITICPATING 75 PER CENT DROP IN INCOME PER AVAILABLE ROOM IN QUARTER TO THE END OF THIS MONTH

ONE of the biggest names in hospitality with a hotel at the gateway to Bedworth has today announced it expects revenue to have more than halved over the past six months after being hammered by Covid-19.

Holiday Inn owner Intercontinental Hotels Group is also anticipating reporting a three-quarters fall in income per available room for the quarter to the end of June after sites were forced to close in the face of the virus.

The decline has slowed down marginally over the last three months, with the group predicting 70 per cent drop for June, following slumps of around 76 per cent in May and 82 per cent in April compared to the comparable months last year.

IHG said the pace of hotel reopenings has recently accelerated, although around one in 10 of its global hotel estate remains closed.

Hotels in England have been given the green light to reopen from this Saturday after closing their doors in March.

The Holiday Inn Express on Bermuda Park – with 100 guest rooms available out of a worldwide total of nearly 300,000 “upper economy” sleeping accommodation – is now taking bookings for reopening next Monday.

About five per cent of the IHG hotels in the Americas region are still closed to holidaymakers while nearly a third of hotels in Europe are shut in the face of Government-mandated lockdowns.

The group, which qualified for £600 million from the Government's Covid corporate financing facility, said it has already made progress in reducing costs and capital expenditure – with more than two-thirds of these savings set to be delivered in the second half of 2020.

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A message from the Editor, Nick Hudson


Hi, I'm Nick Hudson, the Editor of Bedworth Nub News.

I began my local news career almost half a century ago by covering the three towns of Bedworth, Nuneaton & Atherstone for the old Observer. My first job was to collect the immaculately-typed copy of the 'Queen of Memories' Mary Ashmore from her Longford home.

I reported from the sidelines as the forward-thinking Bedworth Urban District Council was joined at the hip with neighbouring Nuneaton and worked as one authority from May 1974.

In 1983 I had the opportunity to launch the Trader weekly newspaper into Bedworth and Nuneaton for free entrepreneur Lionel Pickering.

It would be 30 years before I returned as the press secretary to the borough's first citizen Bob Copland whose charity fund in 2013-14 raised a record-breaking £70,000 and saw the magnificent achievement of the opening of the Mayor's Cafe and Community Gardens by the end of his year in office.

I'm now returning to my journalistic roots and I want you - the great people of Bedworth - to join me in making the news in your own images.

We're going back in time to resurrect a bygone golden age of local reporting - made famous by old colleagues Mort Birch and Alan Robinson who launched the Bedworth Echo 40 years ago and then seven years ago last week when Mort joined another former friend and scribe Steve Evans in creating the monthly Bedworth Post.

Both papers set out to inform, entertain and fascinate with stories about the people and places that reflect the character, flavour and rich heritage of a town steeped in history from the Domesday Book of 1086 through hat making to ribbon weaving and most famously, mining.

Bedworth Nub News will hope to capture all the above while embracing the advantages of the modern digital era where information is available 24/7 with "your town in your pocket".

The town is rooted in community spirit - something that has returned to the landscape of the UK since the awful events of the coronavirus crisis.

And Nub News can be the perfect platform for your organisation, charity, business, church, school, sports team - anyone in fact - to share your fantastic achievements with the community.

We're here to get to that heart and soul of Bedworth, delivering local news and covering national issues that impact on your doorstep.

There will always be a good read on Bedworth Nub News - because it's about you.

You can contact me with your Bedworth news by phoning 07852 490666 or by emailing [email protected].