French hotel company Accor agreed to sell 48 hotels in Europe for 367 million euros ($466.7 million) as part of its mission to cut debt and secure growth over the next few years.
The Australian hotel industry has rebounded strongly from the global financial crisis having recorded one of the highest percentages of occupancy globally and one of the largest percentage increases in revenue per available room (revPAR) for the year to May 2010, according to Deloitte.
ME Hotels, a collection of “experience-based” urban hotels and contemporary resorts operated by Sol Melia, announced today that the brand’s Cancun property, ME Cancun, will shift to an all-inclusive business model as of January 1, 2011. ME Cancun will embrace the brand’s first “Complete ME” concept, which will break the mold of traditional all-inclusive resorts where non-guests are prohibited access to the property grounds and amenities. In addition to welcoming hotel guests, this revolutionary and industry-first business approach will embrace non-guests and local movers and shakers, allowing them to enjoy the property’s a la carte culinary offerings and revel in ME Cancun’s high style design and vibrant social scene.
The Latino Hotel Association (LHA), a newly formed global organization dedicated to expanding Latino ownership, leadership and commerce in the hotel industry, today announced that it had formed a strategic alliance with the Association Mexicana Hoteles y Moteles, Mexico’s primary hotel association.
Hotels in London have recorded a rarely achieved room occupancy of 90% during June driving a year-on-year profitability increase of 16% for that month, according to the latest HotStats survey from TRI Hospitality Consulting.
Hoteliers across the UK experienced a mostly solid month of recovery in May with occupancy, room rate and rooms yield largely positive, according to PKF Hotel Consultancy Services.
Ninety years ago, Ellsworth Statler, father of the modern hotel industry, was quoted as saying “There are three things that make a hotel famous – location, location, location.”