Hospitality Industry News
1 JLL?s Hotels & Hospitality Group, has released its 2014 Hotel Intelligence Report today for the Dubai Market at the Arabian Hotel Investment Conference (AHIC). The positive trend in tourism is expected to continue in coming years due to Dubai?s increasing global popularity as a destination backed by
Hospitality Industry News
1From the Canadian Hotel Investment Conference in Toronto, Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) announced today that it will expand its Canadian portfolio to 70 hotels within the next 12 months. The Aloft Calgary University, Starwood?s first Aloft hotel in Western Canada, opened last month, following the
Hospitality Industry News
1CHEVY CHASE, Md., May 6, 2014 /PRNewswire/ –?The Ritz-Carlton Hotel Company will open 1, growing its global footprint to 100 hotels and resorts. With new openings ranging from an iconic city property in Cairo to a beachfront resort in Bali, the pipeline of upcoming openings offers travelers unique experiences
Hospitality Industry News
1David Huether, senior vice president for research and economics at the U.S. Travel Association, commented on the April?1?data released Friday by the U.S. Department of Labor: “While the jobs news overall is very good, travel continued to outperform the rest of the economy, setting its seventh
Hospitality Industry News
1MCLEAN, Va. – Continuing to enhance its longstanding presence and expanding portfolio in Canada, 1 today announced it is approaching the 100 hotel milestone in Canada with the upcoming opening of a dual-branded 1 and 1 Halifax-Downtown, Nova Scotia property, owned by Canada-based SilverBirch Hotels & Resorts. Six
Hospitality Industry News
1Starwood Hotels & Resorts Worldwide has revealed plans to open 35 hotels in the Middle East in the next three years, expanding its portfolio to over 80 hotels worldwide. Making the announcement at the Arabian Hotel Investment Conference (AHIC), the hospitality group said Monday it would open seven new hotels
Hospitality Industry News
DUBAI, 6th May 2014: Emirates was the most awarded airline at this week?s Business Traveller (ME) awards 2014, taking home the coveted ?Best Airline Worldwide? title, and a further three awards including Airline with the Best First Class, Airline with the Best Business Class, and Airline with the Best
Hospitality Industry News
Dubai, UAE ? 6 May 2014 ? FRHI Hotels & Resorts (FRHI), the leading hotel management company that operates the luxury and upper upscale hotel brands Raffles Hotels & Resorts, Fairmont Hotels & Resorts and Swiss?tel Hotels & Resorts, today announced at Arabian Travel Market (ATM) the development of seven new
Hospitality Industry News
1The Westin Bahrain City Centre and Le M?ridien Bahrain City Centre will add 460 rooms to Starwood’s portfolio in Bahrain starting from July 2014. Starwood Hotels & Resorts Worldwide has signed an agreement with Majid Al Futtaim Properties to launch its Westin and Le M?ridien brands in
Hospitality Industry News
1NEW YORK & MONTREAL–(BUSINESS WIRE)–May 01, 2014– Apollo European Principal Finance Fund II (“Apollo EPF II”), a fund affiliated with Apollo Global Management, LLC (NYSE:APO) (together with its consolidated subsidiaries, “Apollo”) today announced the successful completion of the acquisition of a portfolio of 18 European hotels from
Hospitality Industry News
1 Spending by international tourists reached 10.066 million euros until March, representing an increase of 8.1% over the same period in 2013 and a new record, according to the Ministry of Industry, Energy, and Tourism, after the latest data from the survey produced by Egatur and the General
Hospitality Industry News
1(Reuters) – InterContinental Hotels Group (1) said on Friday it would return $750 million (444.2 million pounds) to shareholders and was considering selling off more hotels after reporting its strongest revenue per room performance in seven quarters. IHG, which runs 4,700 hotels with brands such as Crowne Plaza,