Tourism, Food, and Wine news headlines
* The Bureau of Economic Research Survey for the 4th quarter of this year shows that the expected growth rate in the volume of Accommodation business decreased to 5%, from 9% in the 3rd quarter. On average 11% growth is expected for the first quarter of next year. Disconcerting however is the drop in Business Confidence for the 4th quarter, down from 70 in the 3rd quarter, to 49 for this quarter, in a period which is usually buoyant. Another concern is the first anticipated decline in growth in business in the Western Cape, of -3%, for the first quarter of 2015, the drop from the 3rd quarter growth rate of 20% crashing down to +3% in the 4th quarter! (received from the Bureau of Economic Research)
* Nando’s has set up a wholly-owned subsidiary in India, and plans to open 20 company stores in addition to those to be opened by its franchisees. This is the chicken fast-food company’s second stab at the Indian market.
* Chef Massimo Botturo, owner of the 3rd Best Restaurant in the world (Osteria Francescana in Modena), has denied speculations Continue reading →