Hotel investment activity in EMEA slightly weakened in the first 6 months of 2012 when compared to the same period in 2011 according to Jones Lang LaSalle Hotels. Hotel investment volumes totaled €3.7 billion, a 12% decline compared to sales volumes in the first half of 2011. The majority of transactions were single asset sales, accounting for 64% of total EMEA transaction … [Read more...]
StayWell Hospitality Group to expand into UK
StayWell Hospitality Group (StayWell) has announced its expansion into the UK, and is working together with its strategic partner, Seven Capital, to identify suitable hotel development opportunities. StayWell's first UK hotel will be the Park Regis Birmingham for which StayWell has secured a 30 year long term management agreement. Due to open in 2014, Park Regis Birmingham … [Read more...]
VisitEngland Launches The Pink Book 2012: Legislation for Tourism Accommodation
VisitEngland, the national tourist board, has launched the latest version of The Pink Book - a comprehensive guide covering everything operators need to know about running an accommodation business - from obtaining entertainment and alcohol licences to food hygiene, and health and safety. Designed to help both self-catering and serviced accommodation providers navigate the … [Read more...]
Good news for hospitality industry from 10 million Brits
10.3 million Brits (21%of the adult population) plan to make the most of the summer (until the end of August) by taking at least one holiday or short break in the UK, with 8.9 million people (18%) planning to take that trip in England, according to VisitEngland’s Summer Trip Tracker. This is likely to generate some £2.3 billion in tourism spend for the UK economy, around … [Read more...]
London hotel bookings: final pre-Games update
Just two days before the Olympics opening ceremony, Travel Click reports that London hotel bookings are looking healthy with committed occupancy currently at an average of 80.4% over the Olympics period. The busiest night in the Capital so far during the Olympics is now Tuesday 31 July, which currently has a committed occupancy of 85.8%. With the men’s road cycling … [Read more...]