After a strong 2023, where Hilton Hotels & Resorts achieved the largest growth programme in its history, opening a record 24,000 rooms in 132 hotels in the last quarter of the year, the leading hotel group is planning its next steps for 2024, which include new hotel arrivals. Hilton now has more new rooms under […]
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-The Group proceeded with the implementation of investments for the upgrading of its hotel infrastructure and services in Greece and abroad, amounting to €80 million -Plans for new units in Italy, Cyprus and Greece, through acquisitions or macro leases. -Positive booking outlook for 2024, towards a turnover of €70 million and EBITDA of €30-35 million […]
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Athens is among the top five cities in Europe with the highest increase in revenue per available room (RevPAR) in 2023, compared to 2019, with an increase of 37% in Athens hotels. While the highest increase was recorded by hotels in Rome, according to new research by international real estate firm Savills on investments in […]
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The Hellenic Open University and Wyndham Hotels & Resorts signed a Memorandum of Understanding for the joint promotion of scientific and administrative cooperation between the two institutions. In the context of the implementation of the Memorandum, special emphasis will be placed on the cooperation of Wyndham Hotels & Resorts, the largest hotel franchising company in […]
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The host of six Taylor Swift concerts, Singapore’s hotel industry posted its highest March average daily rate (ADR) and revenue per available room (RevPAR) on record, according to preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets. March 2024 (year-over-year % change): Occupancy: […]
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A dynamic entry into the Greek luxury hospitality market is being made by Cyprus’ leading group, Thanos Hotels and Resorts, presenting an investment plan with a 3-year horizon to open 10 new hotels. In 2023, the group chose Mykonos to present a new hotel concept, Amyth Hotels. The first hotel will open in April 2023 […]
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With the local authority looking to combat over-tourism and attract quality travellers, the tourist tax in Barcelona is being increased from April 1st. In particular, travellers to the city with the most visits to Spain will be asked to pay two taxes from today, the regional and municipal taxes, with the latter increasing from €2.75 […]
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With Greece remaining at the top of the world’s tourism brands and the country setting a new record for tourism in 2023, the prices of five-star hotels in Athens and Thessaloniki recorded new increases in the second half of last year. In particular, according to a survey by international real estate consultancy Cushman & Wakefield, […]
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HotelBrain, the largest hotel group in Greece, with more than 100 privately owned -through long-term leases- hotels in its portfolio, is now expanding its activity in Cyprus, following the successful model of long-term leasing of hotel units. According to exclusive information from MONEY & TOURISM, the first 4 hotels, with a total capacity of 306 […]
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With Crete emerging for another year as a top tourist destination for TUI’s Austrian customers, the tour operator presents the three hotels on the island with the most bookings from Austria for the summer of 2024. In particular, based on the booking data, the five-star Nana Golden Beach in Hersonissos, a hotel particularly family-friendly and […]
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