News & Stories

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Shareholder: "Accor is selling off Dorint"

General meeting of Dorint plc last week in Berlin

25.8.2006

Berlin. There was something else that was nicer, murmured a participant to her neighbour at the 13th annual general meeting of Dorint Hotels & Resorts plc taking place in the group's hotel in Berlin, the Schweizerhof in Budapester Strasse. The figures were too horrific, the neighbour whispered back. Indeed, the group's 2005 annual accounts recorded a net loss for the year of 61.1 million euros after a net less of 31.8 million euros in 2004. Dorint AG is in the red numbers with 40.1 million euros in 2005, while the year before, the annual loss amounted to 27.7 million euros. An upset shareholder accused Dorint and its major shareholder Accor of having "sold off" the Dorint brand and demanded a change in management.

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The last attempt

Dorint Chairman Michael Theim on the current position of the group

25.8.2006

Duesseldorf. "It's the last attempt, we won't get a fourth shot." This was the sentence spoken by Michael Theim, Chairman of the German Dorint plc., almost fatalistic sounding words following the company general meeting last Friday. By the end of the year, the long ailing hotel group is to be restructured. Another extraordinary general meeting will then be held. In an interview given to hospitalityInside.com, Theim gives inside details on the present state of play.

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Rogner to hire Hungary expert

18.8.2006

Vienna. Austria's Rogner Hotels will hire the experienced Hungary tourism expert Dr. János Erdei, who will be working for the Rogner Tourism network in Hungary as of December 1, 2006.

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Woodframe construction, inspired by art

Naturhotel Waldklause: 50 rooms in a solid format

18.8.2006

Laengenfeld im Oetztal. Naturhotel Waldklause in Oetztal near Soelden, Austria, proves for the first time that an ornate and comfortable hotel can be realised in woodframe construction. Investment costs were 30 percent above that of a comparable 4-star hotel. In the end, the small 50-room hotel cost seven million Euros.

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Airline security: Hotels replace the toiletry

18.8.2006

New York. As most liquids and gels have been banned from carry-on luggage, U.S. hotels and other travel companies are stepping in to fill the void with pricy department-store brands.

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Being young pays off

Wombat's hostel concept: Success story with atmosphere

11.8.2006

Vienna. With the Wombat's hostel concept, two guys from Vienna have guessed the taste of young backpackers exactly and have thus become their bank's favourites. The social atmosphere compensates sleeping in a two to six-bed room - the chat with other backpackers in the house. Wombat's next stop will be Berlin.

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Hilton sorts strategy out

Scandic at disposal, 10 hotels for sale, Doubletree to expand

11.8.2006

Beverly Hills. Hilton Hotels Corporation is exploring strategic alternatives for the company's Scandic brand of hotels, including the possible sale of all or part of the business. This explains last week's news by hospitalityInside.com saying that Hilton International will reduce the Scandic brand to Scandinavia again and look for brand alternatives in the rest of Continental Europe. Hilton International also completed the sale of 24 UK based LivingWell health and fitness clubs. Last week, Hilton Hotels Corporation also announced the beginning of a global expansion effort for the Doubletree hotel brand.

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Wyndham and Corinthia will jointly manage hotels - New Corinthia CEO

11.8.2006

Malta. Wyndham Hotel Group and the Corinthia Group of Companies yesterday signed an agreement in principle to jointly manage hotels under the Wyndham and Ramada brands in Europe, the Middle East and Africa. Last week, Corinthia Hotels International, the hotel management arm of the Corinthia Group, appointed Tony Potter as new Chief Executive Officer. Most recently, he was CEO with Millennium & Copthorne plc..

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Cendant Hotel Group changes to Wyndham Worldwide

4.8.2006

New York. Last Tuesday, August 1, Wyndham Worldwide Corporation span off from Cendant Corporation and began trading on the New York Stock Exchange under the symbol WYN. The company became a member of Standard & Poor's S&P 500 index.

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The bonus card as key to the target group

Anti-cyclical: Ringhotels push direct booking between hotel and guest

4.8.2006

Munich. The number of members has remained constant, yet the number of services provided has significantly increased: Ringhotels with 146 properties in the 3 and 4 star categories is one of Germany's leading consortia. In recent months it has introduced a whole range of new marketing measures, increasing the efficiency with which it attracts target groups. One particular success is the "RinghotelsCard", an idea allowing the consortia to further step away from central reservations concepts and confirmation for the consortia, that bookings aren't necessarily done best centrally.

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