Not only did both Tim and Kit Kemp, owners of Firmdale Hotels, receive MBEs for services to the hotel industry and charity in the Queen’s Diamond Jubilee birthday honours list, but results in 2012 achieved record levels, and trading in the new financial year is powering ahead with earnings in the first third of the new financial year comfortably outperforming budget. … [Read more...]
IHG continuing to drive performance
IHG’s half year results to 30 June 2012 show continuing positive trading, maintained confidence going forward, underlying margin growth, increasing dividend. Driving market share: highlights Total gross revenue5 from hotels in IHG’s system of $10.3bn, up 7.3% First half global RevPAR growth of 6.5% (rate up 3.5%) with second quarter up 6.1% … [Read more...]
Guest experience drives enthusiastic reviews on Tripadvisor
All it takes is a multi-functional room tablet, custom-designed by Swisscom Hospitality for the new citizen M London Bankside. It commands all essential room functions from lighting to room temperature and air conditioning, TV and entertainment, while also serving as a portal for all branded hotel services and as a regular web browsing device. The citizen M focus on … [Read more...]
Crowne Plaza Cambridge acquired by London & Regional
Formerly owned by Quinn Insurance, the Crowne Plaza Cambridge has been sold for £38 million (€48 million) to London and Regional. The price paid will contribute to repaying banks and bondholders of the Quinn Group. The property is the first of three hotels previously owned by Quinn Insurance to be sold as part of the restructuring deal which led to the Quinn Group banks and … [Read more...]
HYATT encouraged by recent trends in second quarter results
Hyatt Hotels Corporation has reported financial results, summarised here by Mark S. Hoplamazian, president and chief executive officer of Hyatt Hotels Corporation: “Our second quarter results were strong, with Adjusted EBITDA increasing over 19% compared to last year. RevPAR increased over 8% in North America as we experienced strong transient demand. Owned and leased … [Read more...]