Thailand’s Minor International plans to invest 40 billion baht (US$1.13 billion) over the next five years in a major expansion of its hotel and fast-food chain
InterContinental Hotels Group announced a surge in annual net profits after offloading establishments in Paris and Hong Kong, while a solid underlying performance resulted in large dividend pay outs, Agence
Sheraton Hotels & Resorts, part of Starwood Hotels & Resorts Worldwide, announced accelerated growth plans for Asia Pacific, continuing its sharp focus on Sheraton 2020, a comprehensive 10-point plan
South African hotel chain Sun International reported a 19 percent fall in half-year profit, in line with its own forecast, blaming flat casino revenue growth at home for the
Marriott International reported a four percent rise in quarterly revenue, boosted by higher room rates in North America.
Net income rose to US$202 million, or 77 cents per share,
Preferred Hotels & Resorts, which claims to be the world’s largest global provider of sales, marketing and distribution services to independent luxury hotels, announced its 2015 year-end results.
