Hospitality industry news worldwide covering lodging, restaurants, catering, travel, airlines and hotel industry.
Hospitality Industry News
Berlin, Germany – 17 November 2016 1U.S. financial investor TPG is to acquire 93% of German hostel chain A&O, a web notice of the Federal Antitrust Division revealed. A sum for take-over wasn’t reported. A&O CEO Oliver Winter denied a statement. A&O
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
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
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
Hospitality Industry News
Nairobi, Kenia – 17 November 2016 Investors are expected to pump billions of dollars into Africa’s hotel industry over the next few years. The middle-class is expanding fast, business travel is on the rise and tourism is booming. Sub-Saharan Africa saw 38m tourists last year. The forecasts.. even
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
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
Hospitality Industry News
London – 16 November 2016 1Qatari Diar Real Estate Investment Company has won approval to convert the US Embassy on London’s Grosvenor Square into a luxury hotel, Bloomberg reported. The US State Department agreed to sell the existing embassy building in 2009 to fund a relocation to the Nine Elms
Hospitality Industry News
Bethesda, Maryland – 16 November 2016 Fun is all – Marriott’s Moxy launched it#s second web series ‚Do (not) disturb‘, hosted by Taryn Southern, the comedian, creator and star of Taryn TV. “The stars of our second ‘DO NOT DISTURB’ series are hilarious, entertaining and edgy, just like the fun-
Hospitality Industry News
Hong Kong – 16 November 2016 1Rosewood Hotels & Resorts will open the ultra-luxury brand’s first Hong Kong property in 2018 in a prime Victoria Harbour waterfront location at the former New World Centre on Salisbury Road in Tsim Sha Tsui. Rosewood Hong Kong will occupy 27 floors of