Affordable energy prices are needed to allow companies in the hospitality sector to remain open

HOTREC, the European Association of Hotels, Restaurants and Cafés in Europe, calls on Energy Council Ministers to cut down the energy prices and save thousands of hospitality businesses from bankruptcy. The hospitality sector is a strong contributor to the EU economy, representing 2 million companies (90% of them being micro-enterprises), and employing 12 million people. […]

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TUI Group: Operating result of 893 million euros in financial year 2019

“At an operating result of 893 million euros, TUI Group delivered a successful financial year 2019. Even in a challenging year for the tourism sector, TUI delivered a strong operating performance, a robust balance sheet and growth in its Hotels & Resorts and Cruises core businesses,” said CEO Fritz Joussen, speaking in Hanover on Wednesday. […]

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Blackstone announces the acquisition of five hotel businesses in Greece

Blackstone Real Estate Partners Europe (Blackstone) has reached an agreement to acquire five Greek hotel businesses from the Louis Group, one of the leading hotel groups in the Mediterranean, at a total enterprise value of €178.6m.  The five hotel businesses are located in the Greek Islands with two in Corfu (Corcyra Beach and Grand Hotel), two […]

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ABTA launches Travel Matters 2016 conference

ABTA’s annual Westminster conference – Travel Matters – will take place on 22 June 2016. With the theme ‘Confidence in a changing world’, the half day event will bring together industry heavyweights and key speakers from Government to discuss the geopolitical landscape and how the travel industry is responding. The event will explore current issues […]

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