Hospitality Industry News
Silverstein Properties on Monday announced that its Metro Fund Joint Venture has successfully financed almost US$1 billion to build a Four Seasons hotel, a restaurant and private residences at 30 Park Place in New York City’s Tribeca. At 926 feet (282 meters), the property will be the tallest
Hospitality Industry News
1Developer Steven Witkoff has teamed up with a Hong Kong equity partner, Jynwel Capital, to buy the Park Lane Hotel on Central Park South for $660 million. The transaction, which was financed by Wells Fargo and Criterion Real Estate Capital, closed on Monday, the partnership between Mr. Witkoff and Jynwel
Hospitality Industry News
1In April, I wrote one of my first ever articles about Airbnb’s impact on the hotel industy. It started as a response to the?Euromonitor report?highlighting how?littleimpact it was going to have. I fully disagreed. While I did not have the numbers to prove it, I have
Hospitality Industry News
1* Accor splits into hotel operator and hotel owner/investor * No further sale of owned?1?unless underperforming * CEO keeps 2013 EBIT goal, sets no targets for new strategy * Shares down 5 pct to lowest in a month (Rewrites first paragraph, adds CEO quotes, analyst comment) Accor’s new chief
Hospitality Industry News
1The American Express Spending & Saving Tracker?polled 1,500 people before the holiday season this year and revealed some interesting travel trends. During the holiday season?Thanksgiving, Christmas, Hanukah and New Year’s?70 percent of travelers polled will travel by car. On the flip side, 35 percent will
Hospitality Industry News
Tourists to Spain spent 5.476 billion euros in October, a 16.8% rise on the same month of the previous year, according to the monthly report by the industry, energy and tourism ministry. During the first ten months of the year, tourists spent 52.551 billion euros, 8.2%
Hospitality Industry News
1Qatar has set its sights on becoming a global meetings destination by investing more than US $20 billion in transport, venues, hotels and high-profile events. These figures were outlined by the organisers of the upcoming Gulf Incentives, Business, Travel and Meetings (GIBTM) conference in Abu Dhabi, which will focus
Hospitality Industry News
1Maldives has reached the 1 million tourist arrival in a year milestone on 24th November 2013. As of 24th November 2013, a total of 1,000,203 tourists visited the Maldives. Maldives received 925,413 tourists at the end of October 2013 and 783,999 tourists at the end of
Hospitality Industry News
Les Roches International School of Hotel Management and Glion Institute of Higher Education are ranked among the world’s leading hospitality management schools for an international career CLARENS, Switzerland, Nov. 27, 2013 /PRNewswire/ — Glion Institute of Higher Education(http://www.glion.edu?) and Les Roches International School of Hotel Management(
US Airways
Notice Filed with U.S. Bankruptcy Court FORT WORTH, Texas and TEMPE, Ariz., Nov. 27, 2013 /PRNewswire/ –?Today, the U.S. Bankruptcy Court for the Southern District of New York approved the settlement of the lawsuit reached with the U.S. Department of Justice and certain states relating to the
Air France
Today, 27 November 2013, Air France is operating a special flight from Paris-Charles de Gaulle to Cancun by Airbus A380 for the first time. This exceptional flight illustrates Air France?s ambitions on this rapidly developing market. On this occasion, Patrick Alexandre, EVP Commercial, Sales and Marketing at Air
Hospitality Industry News
Jurys Inn Hotel Group (?the Group? or ?Jurys Inn?) and Hilton Worldwide, today announce that they have signed a franchise agreement for three Jurys Inn properties, all of which will join the Hilton Worldwide portfolio of hotels.
