European hotel investment has reached €3.74 billion in the first quarter (Q1) of 2015, more than double Q1 2014 volumes of €1.73 billion, according to the latest data from commercial property advisor CBRE. 116% growth European hotel investment has seen year-on-year growth of 116% reflecting the strength in hotels as a growing commercial property asset class, this has been … [Read more...]
Top rated Kirklands Hotel, Kinross on market
Award-winning Kirklands Hotel, Kinross, Fife is for sale. Selling agent Colliers International is inviting offers around £875,000 for the completely renovated and upgraded former Georgian coaching inn, which features nine bedrooms, including a three-room suite, lounge bar, dining room, beer garden and a two-bedroom private flat for owners. The hotel and restaurant was … [Read more...]
IHG reports strong first quarter with 5.9% RevPAR growth
IHG’s First Quarter Interim Management Statement shows upward RevPAR, growth in all four regions, and continuing increase in its global scale with 4.9% growth in rooms (to a total of 723k). UK RevPAR growth of 7.7% was driven by rate increases in both London and the provinces as the economic environment continues to improve. Fiona Cincotta, senior market analyst … [Read more...]
Travelodge launches £25 million campaign
Travelodge has announced that it is launching a new £25 million fully integrated multimedia campaign to showcase its new upgraded brand transformation, following a £100 million modernisation investment across its hotels. The campaign launches on Saturday 9 May 2015 with a new Travelodge advert being debuted during Britain’s Got Talent and also includes commercial radio, … [Read more...]
Hotel ‘Microstay’ bookings boom
New figures from short term hotels booking platform ByHours.com reveal a 55% increase in micro-bookings in the last month alone despite launching just two months ago in the capital.The figures also reveal that 67% of these short term bookings are made with a maximum of 1 days notice. The other third of bookings for 3, 6 and 12 hour stays were booked up to two weeks in … [Read more...]