News & Stories
Chicago. US-based trade magazine "Hotels" reports that Robert Burns, founder of luxury brand Regent International in Hong Kong, has become more precisely about his plans of a new Hotel chain.
Kelkheim. Even the glutted market of Germany still has a chance of improving consumption. After yet another intensification of consumer behaviour regarding cheap and hyper luxury, there will be enough space for the reasonable product of the middle bracket by 2030. A new study by the Zukunftsinstitut Matthias Horx.
London. After three consecutive years of declining profitability, the European hotel industry has started to recover lost ground. According to the Annual Profitability HotelBenchmark Survey by Deloitte, hotels across Continental Europe reported 7% growth in profit per available room in 2004. Eastern Europe markets were the star performers. Biggest loser of all cities was Milan.
Brussels Conrad Hotels, the young luxury brand of the Hilton Family, has signed a management agreement with the Bahamas based RAV Bahamas Limited, a subsidiary of The Capo Group, to operate and manage Conrad's first hotel in the Caribbean, a luxurious 250 room hotel, spa and casino resort, located on the island of Bimini.
Miami Beach. For the first time the Spanish hotel group Sol Meliá will open a hotel under its own brand name in the USA. The Meliá Royal Palm will further underline the hotel group's strategic plans for expansion in the land of opportunity.
New York/London. The Blackstone Group announced the acquisition of Legoland Parks by affiliate company Blackstone Capital Partners IV, for €375m. The deal includes Legoland's four family theme parks in England, Germany, California as well as in Denmark where the company has a 176 room hotel. This follows Blackstone's acquisition of Merlin last month. The intention is to combine the two businesses. The company also announced plans for a hotel at the German Legoland in Günzburg.
Las Vegas. Three days ago Donald Trump and his partner Phil Ruffin personally led the groundbreaking at the site of the new Trump International Hotel & Tower Las Vegas.
Nuremberg. Within as little as ten years, the silver generations' share of the German population will grow by 10 per cent. The older consumer will influence the purchasing power of the future. In 2005, the over-60s have more than 400 thousand million Euros available. The GfK Group, a reputated market research organization, presented her exclusive market survey for the over-60s last Friday.
Muscat. In many aspects Oman develops similar characteristics and dynamics than other Middle East hotel markets. The sultanate of Oman under Sultan Qaboos sees a lot of potential in the hotel and tourism industry. Approximately US$5 billion will be invested in the tourism sector across Oman between 2005 and 2010. HVS International analysed the market*.
Dornbirn. Two large hotel projects are to be realized in the Rheintal, Vorarlberg. Austria's first Four Points by Sheraton is to be completed soon, right next to the Dornbirn Trade Fair. A novel motel concept is also to follow.