Hospitality Industry News
Melia profit slips
Palma de Mallorca, Spain – 11 May 2017 – Melia reports net profit slipped to 20.4 million euros in the first quarter from 22.3 million euros a year earlier, mainly due to increased financial costs. 1
Holedo
Hospitality Industry News
Holiday Inn Express for Melbourne
Melbourne, Australia – 11 May 2017 – The Holiday Inn Express Melbourne Little Collins is scheduled to open in 2020, adding 299 rooms to Melbourne’s boutique Little Collins Street. 1 Matthew Tripolone, InterContinental Hotel Group’s head of development, Australasia, said: “The ‘rest and go’ brand appeals to people seeking a
Hospitality Industry News
Marriott signs in Phnom Penh
Phnom Penh – 11 May 2017 – Marriott International announces the signing of Fairfield by Marriott Phnom Penh. 1 Scheduled to open in 2021, the hotel marks the first Fairfield by Marriott hotel in Cambodia. Owned by Royal Field Development, Fairfield by Marriott Phnom Penh will be situated on a prime section
Hospitality Industry News
Bollhalder named MD of Madinat Jumeirah
Dubai – 11 May 2017 – Jumeirah Group names Stefan Bollhalder as managing director of the Madinat Jumeirah. Bollhalder will oversee the group’s flagship Arabian resort, which last year welcomed more than 590,000 guests, and takes up his position with immediate effect reporting directly to Doris Greif, senior vice president,
Hospitality Industry News
Cuban challenge for hotels
Havana, Cuba – 10 May 2017 – Cuba represents a “huge” but challenging opportunity for US hotel, cruise and airline companies as American visitors to the Caribbean island could increase as much as sevenfold by 2025, according to a report by the Boston Consulting Group. 1 As many as 2 million Americans
Hospitality Industry News
Best Western acquires Sweden Hotels
Stockholm, Sweden – 10 May 2017 – Franchise group Best Western Hotels & Resorts has acquired Sweden Hotels, the country’s largest hotel chain. 1The deal gives Sweden Hotels access to Best Western’s modern digital platform, distribution system and loyalty programme. The groups say the move will “strengthen the competitiveness of
Hospitality Industry News
TripAdvisor pulls back on hotel bookings
Needham, Massachusetts – 10 May 2017 – TripAdvisor is pulling back from a major strategic effort to get travellers to book hotels directly on its website after the initiative cut into revenue growth and sent the stock to its lowest price since 2012, Bloomberg reported. 1A massive online repository of hotel and
Hospitality Industry News
Marriott profit higher than expected
Bethesda, Maryland – 9 May 2017 – Marriott International reported a higher-than-expected quarterly profit, driven by higher room rates and occupancy. 1The company, which owns the Ritz-Carlton and St. Regis luxury hotel brands among others, said it expects revPAR to rise 1-3 percent this year, up from its previous forecast of 0.
Hospitality Industry News
Crown Resorts sells remaining Macau stake
Macau – 9 May 2017 – Australian casino operator Crown Resorts has agreed to sell the remaining stake in its Macau venture for US$1.16 billion as the firm pursues a restructure amid a Chinese gambling crackdown. 1Mogul James Packer’s company will exit its holding in Melco Resorts by offloading
Hospitality Industry News
Dhabi National Hotels’ profit slips
Abu Dhabi, UAE – 8 May 2017 – Dhabi National Hotels Q1 net profit was 86 million dirhams versus 92 million dirhams a year ago. Revenue was 354 million dirhams versus 364 million dirhams a year ago. 1
Hospitality Industry News
RevPAR up slightly at Peninsula HK
Hong Kong – 8 May 2017 – Quarterly revPAR for Peninsula Hotels in Hong Kong is up slightly to HK$3,684 from HK$3,568 For other Peninsula Hotels in Asia, revPAR averaged HK$1,673 versus HK$1,631. 1 Peninsula Hong Kong
Awards and Recognition
Accor’s loyalty program honoured
Paris, France – 8 May 2017 – AccorHotels’ loyalty programme, Le Club AccorHotels, has been honoured at the Freddie Awards for the third year running, winning Best Hotel Programme of the Year for the Europe/Africa zone. The loyalty programme was also awarded Best Promotion, Best Redemption Ability and Best Customer Service.