InterContinental Hotel Group (IHG) operating profit increased 23% to exceed $1 billion for the first time in 2023. While, after-tax profit increased to $750 million in 2023, up from $376 million a year earlier. Key indicator revenue per available room (RevPAR) rose 16% year-over-year thanks to strong trading following the lifting of travel restrictions imposed […]
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Hotelbeds announce that it is one of IHG Hotels & Resorts’ preferred partners for distribution of wholesale rates from IHG hotels in Europe and Greater China. As a result, travel buyers working with Hotelbeds will continue to enjoy access to wholesale rates from IHG hotels. Hotelbeds’ network reaches thousands of B2B travel buyers, such as […]
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IHG Hotels & Resorts, one of the world’s leading hospitality companies, is proud to announce a four-hotel, 2,709-room portfolio deal in Vietnam with long-standing partner Sun Hospitality Group (a member of Sun Group), the renowned tourism-focused real estate developer. Following the success of the award-winning InterContinental Danang Sun Peninsula Resort, the companies will extend their partnership […]
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-Appointment set to strengthen the development of Accor’s Economy, Midscale and Premium brands throughout the region Accor, world leading hospitality group, has appointed Philippe Bijaoui as Senior Vice-President Development, Europe & North Africa for Accor’s world-renowned Economy, Midscale and Premium brands. With almost 30 years’ experience in the hotel industry for international groups, Philippe’s arrival […]
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The number of hotel owners using third-party operators to run their properties looks set to increase across Europe, reflecting the desire for flexibility as well as a number of other benefits, according to our latest report, The Rise of Third-Party Hotel Operators in Europe. The trend for third-party operators (TPOs) has emerged from the USA, […]
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IHG Hotels & Resorts’ luxury & lifestyle growth in Europe continues with idyllic InterContinental Resort Crete to open in 2023. HG Hotels & Resorts (IHG), one of the world’s leading hotel companies, is proud to announce the signing of InterContinental Resort Crete -marking the luxury brand’s debut on the Greek island. Set to open in […]
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After experiencing steady year-over-year growth in project totals from 2014 to 2020, Europe’s hotel construction pipeline has been declining since Q2 2020, according to Lodging Econometrics, due to development and opening delays, project cancellations and challenges like COVID-19. At the end of 4Q21, Europe’s pipeline fell slightly lower than 2019’s year-end totals at 1,824 projects […]
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The World Travel & Tourism Council (WTTC) which represents the global Travel & Tourism private sector has unveiled a range of new worldwide measures to restart the sector. The measures have been designed to rebuild confidence among consumers so they can travel safely once the restrictions are lifted. The new Safe Travels protocols provide consistency […]
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MKG has issued a research about the Hotel Performance in early 2020. The rise of Asian groups is a groundswell, driven by the boom in the number of hotels in the APAC region, which by 2019 will have become the world’s largest in terms of supply. Growth came from China It all started in China. […]
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Accor accounts for the largest hotel room presence in the Central/South America region, followed by Marriott International, according to census data from STR. As part of the STR 500, the company will release a combined list of the continent’s 100 largest companies and brands during next week’s SAHIC Latin America Hotel Tourism & Investment Conference […]
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