New Supply Continues to Depress Operating Performance in China
The influx of new bedrooms over the last four years in China’s key destinations has continued to impact negatively on operating performance according to Horwath HTL, the world oldest and largest hospitality consulting network, during a presentation at the 8th annual China... Seguir leyendo...
Four Hotel Markets in China Post Revenue Growth in Excess of 30% in 2011
Four of the top markets in China posted a growth in revenues of over 30% in 2011 according to Horwath HTL, the world oldest and largest hospitality consulting network, during a presentation at the 8th annual China Hotel Development and Financing Conference in Beijing. The... Seguir leyendo...
Hotel Market More Positive about 2012, With Strong Reservations
The latest survey compiled by Horwath Hotel, Tourism and Leisure (HTL), the world’s largest hospitality consulting firm, has shown that hotel operators around the globe are more optimistic about the coming few months than they were in 2011. The survey, which summarises... Seguir leyendo...
Barceló, in talks to buy a troubled chain
Barceló Hotels & Resorts, third Spanish hotel group, is in talks with different “troubled” hotel chains to adquire them, Barceló CEO Raúl González has told to Travel News Magazine Preferente. González has said that one of these conversations are advance,... Seguir leyendo...
Accor to open 50 hotels in Spain until 2015
Accor group plans to open 50 hotels in Spain in the next three years, Juan Carlos Delgado, Accor director general for Spain, has said to Preferente travel news magazine. Accor currently has 78 hotels in Spain including their brands ibis, Novotel, Mercure and Pullman.... Seguir leyendo...
Hilton wants a hotel in Madrid
Hilton is on the search of a building in Madrid to host a hotel in the main street of the city, La Castellana Avenue, where all the major companies headquarters are located, and in the same street where it stands Real Madrid Stadium Santiago Bernabeú. Hilton director... Seguir leyendo...
HNA buys NH 20% with 23% discount
HNA Group, parent of China’s Hainan Airlines, has changed the conditions of its purchase of a stake in Spain’s NH Hoteles , cutting the share price of a capital increase to 5.35 euros per share from an original 7 euros per share, the Spanish hotel group said... Seguir leyendo...
Hotels Groups by market cap
RANKING OF HOTELS GROUPS LISTED BY CAPITALIZATION (MARKET CAP), MADE BY PREFERENTE * Capitalization on September 23, 2011, in millions of euros ** Loss in value between January and September 23, in millions of euros MARRIOTT ... Seguir leyendo...
Iberostar to ask 6% price increases for next summer
Iberostar president Miguel Fluxá told this Tuesday that after a good summer season he will ask for 6 percent price increases for next high season hiring. Fluxá argued that if any VAT reduction will be applied to tourism activity, he thinks that the discount it... Seguir leyendo...
Tui to ask for discount if VAT cuts applied
Tui Travel CEO, Peter Long, said that if the touristic VAT cut proposed by the PP, which likely will win the next Spanish elections, are applied, he will ask the same discounts for hoteliers, has revealed on Tuesday to preferente.com prior to his participation in congress... Seguir leyendo...
