Accor is set to open four new hotels in London this October: a Novotel and ibis hotel in Blackfriars, a second ibis hotel in Shepherd’s Bush and a new addition to the growing Mercure hotel portfolio, opening in Greenwich. This year alone Accor UK & Ireland is opening more than 1000 additional bedrooms in London, across six new hotel openings and two extensions to … [Read more...]
Measurements of performance and benchmarking: REVPAR, TREVPAR and GOP PAR
Hotels today have potentially bewildering sets of data results and information to judge themselves and their performance against. How times changed In ‘Ye Olde Days’, hotels looked regularly at their Occupancy, Average Room Rate and of course their Total Revenues, and compared figures with Budget (or other target) and Last Year. Up or down was naturally good or … [Read more...]
Travelodge creditors approve CVA
Travelodge (the Company), the UK’s leading budget hotel company, announced on 4 September that the Company Voluntary Arrangement (CVA) it launched on the 17th August 2012 has been approved. 97% of Travelodge creditors, including 96% of landlords from all three categories, voted in favour of the arrangement, in excess of the 75% required for the CVA to be approved. The … [Read more...]
TripAdvisor spotlights British travellers’ essentials
TripAdvisor, the world’s largest travel site, has announced the winners of its inaugural ‘Travellers' Choice Awards for Travel Favourites. Here’s your opportunity to judge for yourself and agree, differ, or even violently disagree! The Awards honour the essential things that travellers insist on having with them wherever they go, from luggage and cameras to e-readers and … [Read more...]
lunch! sells out
lunch! – the UK’s only dedicated trade event for the out of home food and drink industry – reports that it has sold out of all available exhibition space at its new three-floor venue, the Business Design Centre, in Islington, London. The award-winning show will be celebrating its 5th anniversary edition on 20-21 September with more exhibitors now confirmed than ever before, … [Read more...]