IHG (InterContinental Hotels Group) has issued its First Quarter Interim Management Statement, showing continued good momentum has delivered strong first quarter performance, and announcing a $750m special dividend. Highlights Global Q1 RevPAR growth of 6.0%; driven by occupancy up 2.4%pts and average daily rate up 1.9% 9k rooms opened in Q1, taking net system size up … [Read more...]
Benito’s Hat appoint new Chief Executive for next phase of growth
Benito’s Hat restaurant group has appointed a new Chief Executive. Richard Baker joins Benito’s Hat from Garfunkel’s as the brand looks to further strengthen its estate this year following an additional investment of £1.3million from Calculus Capital, the UK-based private equity investor. Prior to working as Senior Operations Manager for Garfunkel’s, Richard held the same … [Read more...]
In-room Entertainment Study highlights opportunities for hoteliers
Sky Business has announced the results of an independent study pointing to opportunities for hoteliers to drive customer satisfaction by offering high quality and flexible in-room entertainment. It reveals that 65% of guests think a bespoke in-room TV service, with a full range of channels, should be offered. This increased to around 75% amongst business travellers and young … [Read more...]
Hawthorn Leisure plans for the 275 Greene King pubs – and more
Hawthorn Leisure Limited, the innovative new pub company established to acquire, invest in and support pubs across the UK, announced yesterday that it has exchanged contracts for the acquisition of a portfolio of 275 tenanted and leased public houses from Greene King. The transaction is scheduled to complete by early June 2014, and Hawthorn Leisure’s declared strategy is to … [Read more...]
Glasgow’s hotels record 15-year occupancy high
Glasgow’s hotel sector has recorded its strongest annual occupancy level for 15 years according to the LJ Forecaster report, from tourism market research specialists LJ Research, which shows that the city’s hotel occupancy averaged 80.4% for the period April 2013 through March 2014. It is the highest average occupancy that Glasgow has achieved in any financial year since … [Read more...]