Though most cities saw growth in occupancy and RevPAR, hotels in Zurich recorded sharp declines.
CERP has begun to accept letters of intent from investors to acquire shares of two Croatia-based hotel operators.
The new trade marketing platform emphasizes the rapidly increasing appeal of the midscale segment and the long-term value of investing.
A group of designers touched on how design informs a hotel or resort during the Mediterranean Resort and Hotel Real Estate Forum.
Whether you operate a multiunit enterprise or a single hotel or restaurant, these core principles will reduce supply-chain expenses.
The Philadelphia-based company is spending $1.3 billion to acquire Avendra, and a further $1 billion to buy Minnesota-based AmeriPride services.
Despite a growing hotel pipeline by 301 projects, some African markets saw plunging performance results.
Hong Leong Group's City Developments has set its buyout bid for Millennium & Copthorne at approximately £1.8 billion.
Ikos Olivia is named Top Mediterranean Resort currently in operation, as Club Med Marbella claims the title while still in development.
After a challenging trading period, Middle East & Africa hotels raked in $48.40 in gross operating profit per available room this past August.