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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.

Jones Lang LaSalle Hotels: Hotel Transactions in Europe
Investment Focus on London and Spain
8.4.2005

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.

Choice is investing  in new conference product
1.4.2005

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

NH Hoteles enters UK
31.3.2005
Madrid. Spanish NH Hoteles enters the London market with the Harrington Hall Hotel, which has been acquired together with the real estate company Losan.
HVS publishes The European Hotel Valuation Index 2005
European markets recover
31.3.2005

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.

IPK International publishes "World Travel Monitor"
Asians drive the travel trends
24.3.2005
Munich. Outbound trips rose significantly worldwide. This is the main result of IPK International's "World Travel Monitor" *, the largest tourism study in the world to monitor the pulse of international tourism. The results are regularly published in March.
Number of hotel rooms doubling in Moscow
24.3.2005

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.

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