Topic Tourism

News & Stories

Business travel as obligation
23.3.2007

Frankfurt/M. Business travellers really don't have an easy life. In particular the Germans see business travel as an irritating separation from family and friends. 70 percent indicate this to be the biggest disadvantage to the business trip. Others, on the other hand, welcome the trip as an opportunity to get to know foreign cultures. At the same time, environmental concerns are gaining in significance. The expectations of a hotel stay are high.

ITB 2007: Hotel Industry News
The reflationary and the relieving
16.3.2007

Berlin The mood at the ITB 2007 was more positive than it had been for a long time. Almost 11,000 companies from 184 countries exhibited their products, and for the first time the fair counted more than 100,000 visitors. Over 9,000 of those attended presentations at one or more of the 20 conferences of the "ITB Congress Market Trends & Innovations". It was as part of this that the "ITB Hospitality Day" took place: With 1,017 participants, it was one of the top three conferences held at the ITB. From the wealth of ITB information surrounding the congress activities, here a selection of some of the news from the hotel industry.

ITB 2007: Destination News
Eastern Europe catches up
16.3.2007

Berlin. Every year, the world's largest tourism fair produces out a huge amount of destination news. hospitalityInside.com summarizes news from countries which are of influence in the European market.

10. Hotel Investment Forum in Berlin (IHIF) with 1,500 participants
Well-known subjects reissued
16.3.2007

Berlin. India is becoming a more important market than China, the USA will suffer economically, Europe will recover. Private equity is developing into a financial promoter and the service industry has to remember its "human capital" more than ever. These are some of the quintessences of opening panels of the International Hotel Investment Forum, which attracted a record number of 1,500 participants to its 10th anniversary. The overall motto was "Where are we going from here?"

Focus India: A country is discovering budget hotels - Rates too low
Squeaky clean room for 19 euros
9.3.2007

 

Delhi. India's hotel industry is booming, as the hotel market overview of last issue demonstrated. However, signs for expansion are not only observed in the top segments. It is still unclear though whether the planned budget hotels will be able to maintain their drastically increased property rates in the long term. Now, the government has decided to support the enormous demand: It is approaching families and encouraging them to convert their houses into B&B.

Focus India: Leela Palaces & Resorts expanding self-confidently but:
The superlatives are tarnished
2.3.2007

Mumbai. The Indian hotel group Leela Palaces & Resorts is expanding its present hotel volume of four to nine hotels in India by 2009. It also plans to expand outside of India. However, management agreements have priority. Peter Leitgeb is very optimistic concerning the future. "In Chennai, we will tread all over them," says the German president of the Indian hotel group convincingly. Nevertheless, internal problems such as high fluctuation and slightly decreasing occupancy rates are a worry to him.

Focus India: Perfect year for hotel industry - billions are being invested
Miserable infrastructure, enormous potential
2.3.2007

 

Delhi. This year, India is the partner country of the ITB, the world's biggest tourism fair, which starts next Wednesday in Berlin. For a good reason: The year 2006 could not have been better for the Indian hotel industry. The room rates have increased further, the occupancy remains high, although some people are not willing to pay the high rates any longer. In addition, investments of 4.53 billion USD dollars are expected to close the wide gap between supply and demand. - A research in the country, complemented by a new HVS market study about India and a survey about increasing salaries in Asia-Pacific.

Amex business travel targets small firms
2.3.2007

Frankfurt/M. For the first time American Express has entered into a consortium agreement with another business travel company in an important market. In Germany, TUI business travel subsidiary First Business Travel, newly set up just a few months ago, is to become franchise partners with Amex and will primarily serve small and medium sized businesses.

Remarks on the hotel situation in Egypt
Still a lot of space in the cities and countryside
16.2.2007

Cairo. The fierce competition mentioned by Hesham Radwan, General Manager of Sonesta Cairo Hotel & Casino, expresses itself in terms of figures and statistics: there are currently 1,179 hotels with 154,453 rooms all over the country; another 150,000 rooms are under construction. Although there are no restrictions regarding foreign investors, 97% of all hotel investments come from Egyptians, asserts Fathi Nour, Chairman of the Egyptian Hotel Association.

Dolce to take another go
16.2.2007

Paris/Unterschleissheim. The conference specialist, Dolce International, sold its hotel in Chantilly near Paris. In March, a new 200-room hotel will be built in Unterschleissheim near Munich.

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