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HVS Survey on the Middle East Hotel Markets 2004
Positive in all aspects
6.5.2005

London. In 2004 the Middle East was the second-fastest growing region after China. The latest survey of HVS International looks inside. This year the consultancy has pioneered a profitability assessment of the Middle East hotel industry - an assessment of GOPPAR. The results were published first this week in Dubai.

Hyatt Corporation expands with Casinos
6.5.2005

Chicago. The Hyatt Corporation will operate more casino hotels: In Las Vegas the chain will be involved in a new 2,700 hotel and condo-hotel residences of The Cosmopolitan Resort & Casino on the Las Vegas strip. This Hyatt hotel will be the second Hyatt in town and branded as a Grand Hyatt. 

NH Hoteles: Italian money for the Spanish
6.5.2005

Madrid. Italy's biggest insurance company and an Italian investment company will take a stake in the Spanish hotel group HN Hoteles, as became public at the company's annual general meeting in Madrid last week. The business is developing well in Germany.

Shangri-La pushing into India and China
6.5.2005

Hong Kong. Shangri-La Hotels and Resorts will expand in India and in Inner Mongolia. New contracts are just signed and announced.

Four Seasons in Moscow soon
6.5.2005

Moscow. Four Seasons Hotels Inc. confirmed that it has signed an agreement to manage a new hotel on the site of the former Hotel Moskva in Moscow, Russia.

New: Swedish operator in Berlin
29.4.2005
Berlin. Now a Scandinavian company is pressing into Berlin's hard-fought market: the Swedish Profil Hotels, a group owned by Hospitium AB.
Austria's Arcotel become international operators
29.4.2005
Vienna. The first project in Germany opened in Berlin in 2004. Now the small Austrian Arcotel group has announced two new projects in Stuttgart and Hamburg. And there are more to follow.
Fairmont starts partnership with Sunstone
22.4.2005
Toronto. Fairmont Hotels & Resorts Inc. and Sunstone Hotel Investors, Inc. announced two days ago that they have entered into an agreement for Fairmont Hotels & Resorts to manage the 444-room Sutton Place Hotel in Newport Beach, California. Sunstone is currently under contract to purchase the property with closing currently scheduled for mid-May.
Global City Ranking Index 2004 by Deloitte
European markets with best RevPar
22.4.2005

London. For the second year in a row, Venice was the best performing market in 2004 in terms of revenue per available room according to the HotelBenchmark Global Ranking Index. The GRI compares the performance of 165 global cities outside North America on an annual basis in terms of RevPar and occupancy.  

Nikko opens more hotels along JAL routes
22.4.2005

Tokyo. JAL Hotels Co., Ltd., operator of the Nikko Hotels International group of luxury international hotels, continues to expand in the booming Chinese market with the addition of Dalian and Tianjin hotels. Other cities will follow.

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