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Accor is kicking off the year with an encouraging development outlook and a full schedule of new hotel openings around the world…
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The European hotel transactions picture was dire in 2020 as hotel firms saved cash and two of the largest deals took place before COVID-19 erupted, but deals volume could grow in 2021 as more distress hits the market…
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Paris Inn Group wants to be the third-largest operator and owner in France and Europe and has restructured to seek equity, revenue increases and the expansion of its luxury Maison Albar Hotels brand.
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When the pandemic sent global economies into decline, it clinched the end to a decade-long bull run in commercial real estate markets. But economists and investors appear largely optimistic about a recovery in 2021, according to JLL…
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Portugal's hotel, tourism and leisure sectors have been evolving favourably in the recent years with travel & tourism accounting for 16.5% of Portuguese GDP in 2019…
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Service-based businesses have been hurt by the pandemic, but some could do quite well once the dust settles.
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IHG and Radisson Hotel Group have added properties abroad in Poland, Hungary, the U.K. and Russia. They are:
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Germany is seeking an agreement with EU countries to keep ski resorts closed until early January, in an attempt to curb the spread of coronavirus.
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The Newly Established Lifestyle Entity Is Set To Become The Largest & Fastest Growing Global Player With 12 World-class Brands
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European travellers have a stable and positive attitude towards travel but concerns over falling ill at the destination and quarantine restrictions have resulted in postponing more trips to 2021.This is according to the latest report “Monitoring…
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The European Union has announced a “traffic light” system in the hope of restarting international travel.
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Hilton has opened its first hotel in the Faroe Islands, the archipelago of 18 isles located between Iceland and Norway. The Hilton Garden Inn Faroe Islands is the first internationally branded hotel on the islands…
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Airports Council International has issued a stark warning on the future of European airports, as new data shows a loss of nearly 1.3 billion passengers at European airports since January. ACI Europe said that an estimated 193 airports face…
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Hotel-chain development teams are busier than ever despite the pandemic devastating demand, as independents and small networks rush to seek the comfort of scale, loyalty and other brand benefits…
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Wyndham Hotels and Resorts has launched a hybrid meeting concept to “help drive corporate business demand to its hotels” in the wake of the coronavirus pandemic…
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“It is actually an advantage being 4-star, as 5 stars probably need to discount in this environment, and then there is the grind of trying to get rates back up again,” says Miroslav Forejtek, general manager of the 210-room Park Inn, Prague, Czech…
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Driftwood Capital expects a wave of distressed assets to hit the market within the next three to six months as government funding runs out…
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Intercontinental Hotels Group has added the first property under its Voco brand in Northern Europe. The former Holiday Inn Villach in Austria’s southern Carinthia province has been reflagged as the Voco Villach…
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