Accor signs three new UK properties

Accor has announced the signing of three new UK properties, Mercure Bredbury Hall, Mercure Dumfries and Ibis Styles Romford. The Mercure Bredbury Hall Hotel is a 149-bedroom hotel which is set to undergo a full refurbishment and will be brought into the Accor family in Q4. Meanwhile, the 60-bedroom Mercure Dumfries will open in partnership […]

Dalata Hotel Group narrows H1 losses to £32.4m

Dalata Hotel Group has narrowed its pre-tax losses for the six month period ended 30 June 2021 by 46.6% to €37.8m (£32.4m), down from €70.9m (£60.9m) in 2020. The group’s business continued to be impacted by Covid-19 during the first six months of 2021 with revenue decreasing by 51% to €39.6m (£34m) from €80.8m (£69.4m) […]

PPHE Hotel Group 2021 Interim Results – ‘Improving demand during the second quarter’

PPHE Hotel Group, the international hospitality real estate group which develops, owns and operates hotels and resorts, announces its unaudited interim results for the six months ended 30 June 2021 (the “Period”). Further significant progress Secured a contract to operate two hotels exclusively as part of the UK government’s hotel quarantine programme, and secured an […]

Shangri-La Group 2021 Interim Results

Shangri-La Asia Limited (HKSE stock code: 00069) today reported the financial results of the Company and its subsidiaries (“Group”), and associates for the six months ended 30 June 2021. Highlights of the report included: The consolidated revenues of the Group increased by 20.4% to USD545.8 million, compared to USD453.5 million for same period last year. […]

Hyatt to Acquire Apple Leisure Group, Expanding Global Brand Presence in Luxury Leisure Travel

Acquisition accelerates asset-light transformation; launches Hyatt’s commitment to sell additional $2 billion of hotel assets by the end of 2024; Doubles Hyatt’s global resorts footprint with accretive net rooms growth over the coming years with global expansion of AMR Collection™ brands like Secrets®, Dreams® and Zoëtry®; Hyatt to Discuss Transaction on Webcast Scheduled for Monday, August 16 at 7:30 a.m. CDT Hyatt Hotels Corporation (NYSE: H) today announced that Hyatt has entered into a definitive agreement to acquire Apple Leisure Group (ALG), a […]

IHG Hotels & Resorts sees recovery continue apace

IHG Hotels & Resorts has reported an operating profit of US$188 million for the first half of the year. While this is a sharp improvement on the loss of US$233 million reported for the first half of 2020, the figure remains down by more than half when compared to the same period of 2019. The […]

Interstate Hotels & Resorts surpasses 60% occupancy rates in H1

Interstate Hotels and Resorts, the international arm of Aimbridge Hospitality, has revealed it surpassed 60% occupancy rates across its UK portfolio in the first half of the year, as it continues to recover from the impact of the Covid-19 pandemic. The third-party management company reported occupancy rates of 64.35% in June, exceeding the average UK […]

RBH Hotels sees surge in international group bookings for Spring 2022

RBH has revealed its city-based hotels are seeing a surge in enquiries and bookings for larger groups coming from abroad from April 2022. The hospitality management firm said that while UK-based business for small groups and couples has been increasing for some time, the past four weeks have also seen a “resurgence” in larger groups […]

Host Continues Acquisitions Spree, Sees Opportunity For More Deals

Host Hotels & Resorts has been on an asset acquisition spree since the beginning of the year and doesn’t plan on stopping now. On the company’s second quarter earnings call, President and CEO James Risoleo said the real estate investment trust acquired two properties subsequent to quarter end. He said the first of those properties […]

Marriott International Reports Second Quarter 2021 Results

Second quarter 2021 comparable systemwide constant dollar RevPAR increased 262.6 percent worldwide, 274.6 percent in the U.S. & Canada, and 223.2 percent in international markets, compared to the 2020 second quarter; Second quarter 2021 comparable systemwide constant dollar RevPAR declined 43.8 percent worldwide, 39.5 percent in the U.S. & Canada, and 55.6 percent in international […]