InterContinental Hotels Group PLC First Quarter Results to 31 March 2011 RevPAR growth driving significant increase in profits Financial summaryº 2011 2010 % Change YoY Actual CER² CER² & excluding LDs³ Revenue $396m $362m 9% 9% 6% Operating profit $112m $83m 35% 35% 23% Total adjusted … [Read more...]
Aparthotel brand reveals further expansion
The luxury accommodation brand Roomzzz Aparthotel, known for their dedication to innovative expansion techniques are riding high on the crest of the wave securing a flurry of new franchise partners. The timely accreditation comes with the announcement revealing the location of two new Roomzzz Aparthotel sites in Bristol and East London. The two new sites will operate as … [Read more...]
Fuller’s adds historic hotel to growing portfolio
Leading brewer and pub retailer Fuller, Smith and Turner P.L.C has added another hotel – The White Swan in Stratford-upon-Avon - to its growing high quality estate. The 500-year-old Grade II-listed building in the heart of Shakespeare’s birthplace boasts 41 rooms as well as a traditional pub on the ground floor with low beams and a large open fire. Its striking … [Read more...]
UK Chain Hotels Market Review – March 2011
Profit per room at London hotels now more than 2.5 time their Provincial cousins London hotels achieved profit levels 2.5 times higher than hotels in the Provinces during March, according to the latest HotStats survey of approximately 550 full-service hotels across the UK from TRI Hospitality Consulting. At £65.31, Gross Operating Profit per Available Room (GOPPAR) at … [Read more...]
STR Global posts March 2011 results for Europe
The European hotel industry posted positive results in year-over-year metrics when reported in U.S. dollars, euros and British pounds for March 2011, according to data compiled by STR Global. Year-over-year, March 2011 figures for Europe (U.S. dollars, euros and British pounds): Europe % change Occupancy 62.5% +3.7% ADR (U.S. … [Read more...]