Hospitality Industry News
1During a prolonged and grinding recession, the travel industry was one of the few sectors to bounce back early and help buoy the global economy. Last year, the industry accounted for 9.5 percent of the global economy (nearly $7 trillion) and employed 266 million people ? about 9 percent of
Hospitality Industry News
1According to data compiled by STR Global, hotels in Asia Pacific experienced mostly positive performance results during February 2014 when reported in US dollars. The region?s occupancy for February rose 8.1% to 67.1%, ADR dropped 4.6% to $ 125.03, and RevPAR increased 3.1% to $ 83.
Hospitality Industry News
1 Spending the night of your dreams in Versailles, walking through the rooms of the Sun King and the gardens designed by Le Notre could soon come true: in order to save its historic heritage, France is thinking of turning a number of its royal palaces into luxury hotels. This
Hospitality Industry News
1Pullman, Accor?s upscale brand, announces the opening of the Pullman Shanghai South, its second property in the city of Shanghai and its fifteenth in China ? which is the brand?s leading market in terms of number of hotels. With 45 hotels and resorts in Asia Pacific (including 32 in
Hospitality Industry News
1 Choice Hotels, which operates in 40 New Zealand locations, is looking for seven to eight new properties worth $40 million to $50 million this year. Trent Fraser, the Melbourne-based Asia-Pacific chief executive of Choice Hotels which is listed on the New York Stock Exchange, said the business had been
Hospitality Industry News
1SINGAPORE: The opening up of new casinos or integrated resorts in North Asia is unlikely to cannibalise the gaming industry in Singapore. Analysts Channel NewsAsia spoke with say the success of casino resorts in the city-state will continue to drive demand for similar services in other parts of Asia. First,
Hospitality Industry News
1The Ritz-Carlton Hotel Company, L.L.C. and Fast Consortium, a leading Asian residential apartment developer, have signed an agreement for the development of The Ritz-Carlton, Perth, heralding the much-anticipated return of the luxury hotel operator to Australia. Commenting on this landmark return, Herve Humler, President and Chief Operations Officer,
Hospitality Industry News
1The report provides detailed market analysis, information and insights, including: – Historic and forecast tourist volumes covering the entire Costa Rican travel and tourism sector – Detailed analysis of tourist spending patterns in Costa Rica for various categories in the travel and tourism sector, such as accommodation, sightseeing and entertainment, foodservice, transportation,
Hospitality Industry News
More than 12 million passengers voted on worldwide airport travel experiences Richmond, British Columbia:?Vancouver International Airport (YVR) was named #1 Airport in North America for the fifth consecutive year by Skytrax World Airport Awards in Barcelona, Spain on March 26, 2014. This exceptional honour marks only the second time
Hospitality Industry News
1Prior to entering its close period ahead of reporting its Interim results for the six months ending 31 March 2014 on 13 May 2014, TUI Travel PLC announces the following update on current trading. Peter Long, Chief Executive of TUI Travel PLC, commented: “We are pleased with trading during the
Hospitality Industry News
With an aim to? augment employability of the local youth through quality job oriented training, Tata Steel Rural Development Society (TSRDS) has roped in Indian Hotels ? Taj Group of Tata Group and Pratham, a renowned national level NGO ? to start a short term, three-month long course on Hospitality Skill Development
Hospitality Industry News
On Tuesday, March 25, 2014, Steven M. Hilton, announced his retirement as President and CEO of the Conrad N. Hilton Foundation at the end of 2015. After 30 years at the Foundation and nearing his 65th birthday, Hilton stated that a new executive will be appointed to lead the Foundation
