Digital Newspaper of Tourism and Travel for professionals of the tourism and travelers
Revenue per available room (RevPar) rose 4.9%, mainly due to strong growth in Spain NH Hotel Group has obtained a net profit of 90 million euros, 11.4% less than the 101.6 million a year earlier, when it was favored by increased asset turnover activity, according to the accounts sent to the National Securities Market Commission […]
Silken Hotels plans to continue its growth during this year and its goal for 2020 is to grow in sales above 12% compared to the 2019 closing data, thanks in part to the expected increase of four or five establishments until the end of the year. This year 2020 is presented full of new projects […]
Spain is the third country in Europe with more rooms under construction, a total of 26,477 rooms, which represents 3.9% of the total existing supply in the country, according to a report by the STR consultancy. At the end of January Europe had a total of 1,654 construction projects in its portfolio, totaling 210,075 rooms. […]
The new NH Collection New York Madison Avenue, the first of the NH Hotel Group’s upper-upscale brand in North America, will open its doors shortly before next spring. Housed in a Neo-Renaissance Italian style building from the 1920s, the 288-room hotel offers privileged views of the Empire State Building. Among the hotel offer, a high-end […]
The main international hotel chains, especially those with a strong presence in China, are offering free cancellations for travelers who have reservations and decide to cancel their trip due to the coronavirus, the cause of Wuhan’s pneumonia and that has killed 132 people and almost 6,000 affected in thirty Chinese provinces. Millions of people reconsider […]
Sarasola plans to double its size in the next three years Room Mate Group, the brand integrated by Room Mate Hotels and Be Mate Apartments, has managed to overcome the barrier of 100 million euros of turnover in 2019 for the first time, obtaining the best result in its history with revenues of 107.6 million […]
The Portuguese international tourism and leisure group Pestana Hotel Group has invoiced 450 million euros in its last fiscal year, 3.68% more than in 2018, increasing its gross operating result (Ebitda) by 5.88% more, up to exceed 180 million. This was announced by the Director of Development of Pestana, José Roquette, during the presentation of […]
NH Hotel Group has reached an agreement with Covivio, one of the main real estate operators in Europe, with which it consolidates its commitment to the luxury segment, reinforces its position in Italy and increases its presence in destinations such as France or Eastern Europe. As reported by the company in a statement, this agreement […]
Millenium Hotels has acquired two hotel plots and 14 hectares of beachfront land that include two golf courses near Sotogrande in the municipality of San Roque (Cádiz), for 33.2 million euros. The objective of the operation is, as the company explained this Friday, the development of a ‘resort’ of hotel luxury, which aims to become […]
The chain plans to open 14 hotels and 13 apartment buildings in the next 24 months The hotel chain of Kike Sarasola will open its first beach hotel, Room Mate Olivia, owned by Hotel Investment Partners (HIP), in Calviá (Mallorca) next summer, a hotel with which the hotel chain enters fully into the segment of […]