The European hotel market reported overall positive revenue per available room growth 12-months to January, according to STR Global, the leading provider of market data to the hotel industry. Despite the economic conditions a majority of the 157 cities and destinations tracked in Europe, only 15 saw declining demand. STR Global, one of the sponsors of the International Hotel … [Read more...]
New luxury hotel development at 1-5 Grosvenor Place
The planned development follows the restructuring of leases on the site by property giants Grosvenor and Derwent who have now formalised a joint venture to redevelop the site. The 1.5-acre site at 1-5 Grosvenor Place, SW1, is currently used as offices held under long lease by Derwent, with the freehold held by Grosvenor. The 168,000 sq ft of offices on the site could be … [Read more...]
European Chain Hotels Market Review – January 2012
Moscow and London Star Performers Moscow and London registered robust RevPAR, TrevPAR and GOPPAR results for the month of January according to the latest HotStats survey. The Russian capital experienced a 9.8 percentage point increase in occupancy performance and 4.5% growth in average room rate performance to register RevPAR growth of 27.4%. Closer examination of market … [Read more...]
The Grosvenor Hotel Victoria draws back curtain on the ‘Courtesan’s Boudoir’
London’s oldest railway hotel, The Grosvenor Hotel, marks the completion of its 18-month renovation this month with the opening of an opulent suite commemorating its most infamous former guest. The creation of ‘Courtesan’s Boudoir - The Cora Pearl Suite’ celebrates a significant moment in the hotel’s 150-year history, when the feted Parisian courtesan Cora Pearl was … [Read more...]
Nick Clegg welcomes 3,000 UK jobs from IHG
Deputy Prime Minister, Nick Clegg, welcomes the creation of new jobs in Britain and attends the launch of the IHG Academy in Newham . The IHG Academy is set to develop talented people through hospitality training, providing the opportunity to work for a global hotel company with world renowned hotel brands. IHG (InterContinental Hotels Group), one of the world’s leading … [Read more...]