When making accommodation reservations within 48 hours, travellers don’t need to sacrifice quality, breadth of choice or satisfaction for spontaneity. Following success in the US and Canada, Booking.com, the world’s number one accommodation site, has announced the launch of Booking Now in the UK. A new mobile app that revolutionises the on-demand travel space, Booking Now … [Read more...]
Global Serviced Apartment Industry Report 2015 – 2016
The Apartment Service (TAS) has published the 2015- 2016 edition of The Global Serviced Apartments Industry Report (GSAIR). Key findings 748,437 serviced apartments worldwide operating in 9,875 locations Inventory up 14% year-on-year and 80.1% since 2008 Apartment usage for assignment/project work growing in 72.73% of companies Distribution widening – 75% of … [Read more...]
Whitbread Q4 total sales growth of 14.3%
Whitbread PLC has reported its trading performance for the 50 weeks to 12 February 2015, showing fourth quarter total sales growth of 14.3%, and is expecting to deliver full year results towards the top end of current expectations. Wyn Ellis at Numis commented of the shares: “Not cheap but still a great investment.” And of Costa: “Costa goes from strength to strength … [Read more...]
Renewed investor interest prompts 86% rise in hotel deals
Hotel real estate was the star performer in Europe’s property market in 2014 with transaction volumes growing faster than other asset classes such as office, industrial or retail space. According to the annual European Hotel Transactions report, published this week by HVS and its brokerage and investment services division HVS Hodges Ward Elliott, last year saw European hotel … [Read more...]
Union Hanover plans £100m Adagio and Boutique Hotel at Stratford
Union Hanover Securities has submitted its planning application for a £100m plus dual hotel scheme at Stratford City, East Village E20. The New York-based Grzywinski + Pons Architects-designed Penny Brook development consists of a 137-bed Adagio and a 249-bed destination boutique hotel called the Penny Brook. It includes a 530 sq m ground floor restaurant, a 110 sq m ground … [Read more...]