News & Stories

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.  

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.

Munich. The year 2004 proved to be another extremely active year for the European hotel investment market. Investments from private equity groups and high net worth individuals grew, activity from institutional investors declined. The market is getting more international. A study from Jones Lang LaSalle Hotels shows optimism that hotel trading will continue to improve in 2005.

London. England is again playing a leading role in the introduction of new products and innovations at Choice Hotels.

London. Having published its latest European Hotel Transaction Review, HVS International now presents the European Hotel Valuation Index 2005. Its highlights: London is back as number one, the spanish cities Barcelona and Madrid are among the biggest losers.

Moscow. In the Russian capital, a lot of money is currently being invested in new hotels as well as the modernisation of hotels. In Moscow, the number of hotel rooms is planned to roughly double from 64,000 to 120,000 within the next three years.