Hotel News

Hotel price fixing allegations hit World Cup

24th Feb 2010 Hotel News

Tourism officials in South Africa have announced an investigation into price collusion among hoteliers ahead of the FIFA World Cup. The allegations follow a separate investigation into airline ticketing earlier this year.

Global slowdown hits Chinese hotels

Global slowdown hits Chinese hotels

12th Feb 2010 Hotel News

Rapid growth in the Chinese hotel sector was reversed during 2009, with the economic downturn largely to blame. Data from STR Global find the revenue per available room (RevPAR) achieved by Chinese hotels fell by 26.2 percent during 2009 when compared with a year ago – underlining their poor performance.

US and UK hotels continue to suffer

US and UK hotels continue to suffer

21st Dec 2009 Hotel News

Hotel room rates, occupancy levels and revenues in both the US and the UK continued to fall for the last three months of the year. In the US, average daily rate slumped 5.9 percent in the week 6-12 December compared to the same period in 2008 to $96.04.

US hotel industry has poor November

US hotel industry has poor November

16th Dec 2009 Press Release Hotel News

Heavy discounting led to a fall in the overall business health of the US hotel industry last month. Room rates, revenues and occupancy levels combined fell by 1.8% in November overall, compared with just 0.1% in October.

Swire Hotels to open new hotel

Swire Hotels to open new hotel

4th Aug 2009 Press Release Hotel News

Following the successful launch of its first hotel, The Opposite House in Beijing, Swire Hotels is to unveil its second hotel, The Upper House, in Hong Kong this October.