Business remained favourable in most of the Group’s markets in the first half, with revenue totalling €2,593 million, representing a 2.8% increase (pro forma) on a like-for-like basis and a 1.8% decline as reported. HotelInvest, the Group’s hotel owner and investor unit: Like-for-like revenue up 1.6% to €2,286 million. Good revenue growth in every region except France … [Read more...]
Search Results for: hotel acquisition
Ex-Land Securities Director establishes Leisure Property Company
Ashley Blake has created the UK’s first leisure sector focused property investment company, Otium Real Estate. Blake is the former head of retail portfolio at Land Securities. He resigned from Land Securities in March after five years running the £4bn retail and leisure portfolio. During his time, he led the REIT’s push into leisure to become the largest investor in the … [Read more...]
Whitbread: strong first quarter, total sales up 12.7%
Whitbread PLC, the UK’s largest hotel and restaurant group, has reported strong trading performance for the 13 weeks to 29 May 2014, across hotels, restaurants and coffee. Andy Harrison, Chief Executive comments: Total sales up 12.7%, like for likes up 6.9% “Whitbread has started the year well, with total sales growth for the first quarter of 12.7% and strong like for … [Read more...]
Fuller’s reports record year, strong like for likes
Fuller’s has reported excellent financial results for the 52 weeks ended 29 March 2014, and its focus on quality throughout its estate and offerings is clearly a success with customers – see below for more on how it achieves this. Simon Emeny, Chief Executive of Fuller’s, commented: “Approaching the end of my first full year as Chief Executive, I am pleased to report that … [Read more...]
The secret to SoLoMo marketing
By Andy Wood, Managing Director, GI Insight More people make hotel reservations online than through any other channel, with smartphones increasingly used to conduct online searches and travel planning. This, coupled with the fact that smartphone technology has made reaching consumers anywhere anytime a reality, means how to combine smartphone technology with the right offer … [Read more...]