Growth in the single-currency bloc rose 2.2 percent in the second quarter, a sign the ECB's quantitative easing program is working.

Europe also reported 77,280 guestrooms under construction in July 2017, a 22.0-percent increase year-over-year.

Hoteliers are dogged by incremental costs, so here are some takeaways from Hotel ROI Midwest on holding onto your cash.

With a high gearing ratio, the hotel group could be halting trade to pay off debt.

Egypt will get the largest sum of foreign investment for its economic reform program.

A Gaw Capital-controlled fund is in talks to purchase the Standard for $340 million. 

California's Big Sur will be home to North America's first Alila Hotels & Resorts property.

Prince Mohammed's Public Investment Fund will invest in a new project and begin partnership deals between the kingdom and international companies.