Hospitality Industry News
1London – 23 November 2016 Thomas Cook Group paid out its first dividend in five years as growth in holidays to safe destinations like Spain and Portugal offset the impact of terror attacks in Turkey and losses at its German airline Condor, Bloomberg reported. The shares jumped as much as 10
Hospitality Industry News
New York City – 22 November 2016 1Home sharing site Airbnb aims to extend its network of tax agreements to 700 cities by the end of next year, the Financial Times has quoted its chief executive as saying. The company has already clinched 200 tax agreements that allow it to collect
Hospitality Industry News
Bangkok, Thailand – 22 November 2016 1A portfolio of seven Premier Inn hotels located in two of Thailand’s top destinations, Bangkok and Pattaya, as well as India’s most visited cities, New Delhi, Chennai, Bangalore, Pune and Goa, are being offered for sale through an international tender process with JLL
Hospitality Industry News
Paris, France – 22 November 2016 1China’s Jin Jiang International is looking to buy hotels in major European cities, including Paris, to expand its luxury portfolio, the chief executive of its Louvre Hotels Pierre-Frederic Roulot told Reuters. Roulot, who oversees state-owned Jin Jiang’s expansion in Europe, said the close
Hospitality Industry News
Hong Kong – 22 November 2016 1Walt Disney is embarking on a US$1.4 billion expansion of its Hong Kong Disneyland resort, which reported a loss last year, with features that include the first “Frozen” and Marvel-themed lands in its parks. The six-year construction project, which will begin in 2018,
Hospitality Industry News
Sal, Cap Verde – 17 November 2017 1The Rezidor Hotel Group announces its first resort on the Cape Verde island of Sal. The 240-room Radisson Blu Beach Resort, Sal is scheduled to open in 2019. The five-star beach resort is located on Santa Maria, the main beach location in the country.
Hospitality Industry News
Bangkok, Thailand – 17 November 2016 1Thai Hotel Group Erawan has cut 2016 its revenue growth target to 5 percent from 10 percent as Thais enter a year of mourning following the passing of King Bhumibol Adulyadej on October 13. The group expects fourth-quarter occupancy rate at 79 percent versus 81
Hospitality Industry News
Bogor, West Java – 17 November 2017 The 205-room ibis Styles Bogor Raya opens as the first international premium economy hotel in Bogor, West Java. 1
Hospitality Industry News
McLean, Virginia – 17 November 2016 1Hilton Worldwide Holdings appoints Matthew Sparks as executive vice president and chief investment officer of Park Hotels & Resorts, the planned real estate investment trust that will be separated from Hilton around year-end. He will report to Thomas J. Baltimore, Jr, president and chief executive
Hospitality Industry News
Nanjing, China – 16 November 2016 Zhejiang Yasha Decoration says it will set up hotel management JV in Nanjing, China. the JV to be capitalized at 100 million yuan (US$14.5 million) and the company will hold 70 percent stake in the JV, Reuters reported. No further details were given.
Hospitality Industry News
Rockville, Maryland – 16 November 2016 1Choice Hotels International enters into a partnership with Clean the World to collect and recycle hotel soap and bottled amenities that will help fight the spread of hygiene-related illnesses. Clean the World is a social enterprise dedicated to changing lives while simultaneously diverting hotel waste
Hospitality Industry News
Paris, France – 16 November 2016 1AccorHotels has finalised its acquisition of John Paul, a leader in the concierge market. John Paul founder David Amsellem will retain a 20 percent stake in the company and continue to serve as its CEO. This acquisition values the company at US$150 million. John