As announced in July 2022, Accor’s new organization is now being implemented progressively throughout the first quarter of the year depending on local legislations, particularly regarding the obligations to consult staff representatives. The new structure will allow the Group to accelerate growth and better address market developments, deliver the highest possible levels of service for […]
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Invel Real Estate (“Invel”) and Prodea Investments (“Prodea”) have acquired White Coast Pool Suites, a five-star luxury hotel on the Greek island of Milos. The hotel, located near Sarakiniko beach, has a total of 30 suites, each offering a private pool and uninterrupted sea view. Invel and Prodea will invest meaningful capital to expand the […]
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The holiday countdown has begun here at Zeus International Hotels & Resorts, as always, we’ve prepared unique accommodation offers and festive dinner proposals either you want an urban or a cosmopolitan getaway. Five unique city hotels across Greece and Europe, invite you to impressive Gala dinners with DJ sets or live music, delicious menus, festive […]
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STR and Tourism Economics adjusted occupancy slightly downward but maintained previous projections for average daily rate (ADR) and revenue per available room (RevPAR) in the final U.S. hotel forecast revision of 2022. Revenue per available room (RevPAR) remains on track for full recovery this year on a nominal basis but not until 2025 when adjusted […]
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– Escape to mesmerising seascapes, soak up the sun-drenched beauty & live a cosmopolitan island lifestyle at this new chic Mallorcan getaway Ikos Resorts is delighted to announce the seventh addition to its award-winning luxury all-inclusive portfolio, with the opening of Ikos Porto Petro on the Spanish island of Mallorca in 2023. The new opening […]
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Based on the monthly hotel performance survey conducted by GBR Consulting on behalf of the Hellenic Hotel Federation, the Greek hotel sector showed during Q3 2022 a decline of the number of room nights of 5 – 7%, while the revenue index showed an increase of 19% compared to the same period of 2019. YTD […]
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U.S. hotel gross operating profit per available room (GOPPAR) improved from the month prior and exceeded the pre-pandemic comparable, according to STR‘s September 2022 P&L data release. Additionally, the cost of labor per available room came in higher than the pre-pandemic comparable for the first time. • GOPPAR: US$84.03 • TRevPAR: US$222.97 • EBITDA PAR: […]
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Winter Garden City Lounge of Hotel Grande Bretagne brings its grandiose brunch experience to the heart of the city. Weekends at Winter Garden, curated by Executive Chef Asterios Koustoudis, returns featuring a renewed menu with fresh baked goods created daily basis in the new in-house bakery of the historic hotel. The journey begins with a […]
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Zeus International and the hotels managed, were awarded with 5 Gold, 9 Silver and 2 Bronze awards at the Greek Hospitality Awards 2022, which were held for 8th consecutive year. Specifically, Wyndham Athens Residence in Athens, Wyndham Grand Crete Mirabello Bay in Crete, the new Ammoa Luxury Hotel and Spa Resort in Halkidiki and KoSea […]
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Xenia presents the new project Architect Lab, beginning with its 2022 event (November 26-28, Metropolitan Expo). The Architect Lab is a new, pioneering project, exclusively dedicated to innovative architectural materials and fabrication solutions, “invites” architects, decorators, and engineers in a creative coupling with contemporary hospitality business needs. The project will be built at Hall 2 […]
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