According to data from STR, 2015 marked the first year since 2010 in which the European hotel industry passed hotels in the U.S. in year-over-year revenue per available room (RevPAR) growth. In U.S. dollar constant currency*, Europe’s year-end 2015 RevPAR growth reached +6.9% (to US$83.94), while growth in the U.S. hit +6.3% (to US$78.65). Both the U.S. and Europe have … [Read more...]
PwC forecasts continued good times for the European hotel industry with more M&A to come
European hotel deal activity grew by almost 30% to a record €21 billion last year. The UK accounted for c.60% of European M&A volumes in 2015. 2016 will see 16,000 rooms added to UK hotel supply, up from 10,000 in 2015. Rome set to see the highest RevPAR growth for Holy Year. Paris is still the most expensive European city. London riding high with the highest … [Read more...]
Premier Inn to hit target of training 150 apprentices
Premier Inn, the UK’s leading budget hotel chain, is on target to train 150 apprentices in Scotland, with the announcement of a further 32 apprenticeships during Scottish Apprenticeship Week – 29th February – 4th March 2016. Aimed at school leavers, the new Modern Apprenticeship Programme, developed in partnership with ITC Academy and Skills Development Scotland, has been a … [Read more...]
IHG Joins Ford as WEC Team Starts Two-day Test in Spain
The Ford Chip Ganassi Racing team will never be short of a place to stay as it races across the globe, thanks to a new partnership with one of the world’s leading hotel companies, InterContinental Hotels Group (IHG). IHG, which has a strong history of sponsoring motor racing teams, drivers and associations, will provide accommodation to the Ford Chip Ganassi Racing team … [Read more...]
Street Art Superheroes at The Club at Café Royal
From Thursday March 3 till Friday 8 April The Club at Café Royal, in collaboration with Opera Gallery, will host an exhibition featuring the most iconic works of New York street art artist SEEN (Richard "Richie" Mirando). The iconic members’ club overlooking Regent Street will display the artist’s most recent works: SEEN has revisited his passion for superheroes to paint a … [Read more...]