Serviced apartment rates fluctuate, but set for YoY decline: SilverDoor
Global prices for serviced apartments, including major European cities, are expected to fluctuate throughout 2024, according to the latest quarterly report from SilverDoor.
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Hotel development: Covivio Hotels successfully issues a €500m Green Bond
Covivio Hotels, Covivio's hotel property subsidiary, today announced the successful completion of its €500 million Green Bond issue, maturing in May 2033.
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Kempinski Hotels Appoints Barbara Muckermann as Group Chief Executive Officer
Europe’s oldest luxury hotel group Kempinski Hotels announces today the appointment of Barbara Muckermann as Chief Executive Officer. Muckermann previously was responsible for leading Silversea Cruises (part of Royal Caribbean Group), the world’s…
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Have luxury travelers finally hit a price ceiling?
After years of shrugging off soaring hotel costs, affluent travelers may finally be showing some…
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Hotels across Europe remove two 'free' items from tourists' rooms amid new rules
UK tourists going on holiday to 21 European countries including Greece may notice changes to certain services and items provided in rooms.
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Marriott International to Grow in Europe With 100 Conversions and Adaptive Reuse Projects
Marriott International, Inc. announced plans to grow its portfolio in Europe through nearly 100 conversions and adaptive reuse projects by the end of 2026, which represent over 40 percent of its overall European development pipeline…
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2024 investment volumes for European hotels to be significantly ahead of last year, says Savills
According to Savills latest research, investment volumes for European hotels this year are expected to significantly surpass 2023’s numbers.
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Hotel check-in terminal bug spews out access codes for guest rooms
A self-service check-in terminal used in a German Ibis budget hotel was found leaking hotel room keycodes, and the researcher behind the discovery claims the issue could potentially affect hotels around Europe…
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High cost of borrowing contributes to 19% fall in European hotel transactions in 2023
High inflation and interest rate rises had a major impact on the European hotel investment market last year, slowing transaction activity and taking volumes 19% lower than in 2022.
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Hotel chain eyes Taylor Swift and AC/DC boost after record revenue
Travelodge has said it could see a boost from Taylor Swift and AC/DC concerts this summer after it posted record revenues for last year.
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This Chic Hotel Group Is Expanding in Europe — and Rethinking What Luxury Means to Travelers
The Standard CEO Amber Asher tells T+L what's next for the hotel brand, and what luxury really means in 2024.
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Numa expands into UK with London hotel acquisition
European hospitality property specialist Numa Group is expanding into the UK with the acquisition of a Central London asset in partnership with New World Hospitality.
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Starwood Capital and Jaws plan public listing via merger
Investment affiliates of Starwood Capital Group, which hold interests in a range of hotel properties, and Jaws Mustang Acquisition Corp (NYSEA: JWSM), a special purpose acquisition company, announced today their intention to merge, leading to a…
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The High-End Restaurant Trends Set To Transform The Dining Experience In 2024
In the world of fine dining, pushing the boundaries of culinary creativity is nothing new, but in 2024, we’re seeing chefs go far beyond what was previously possible in a bid to delight and wow diners like never before…
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EU tourism at a decade high in the first half of 2023
The EU tourism industry is experiencing a strong recovery from the impact of the COVID-19 pandemic…
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Hotel inflation rate is biting but paled in comparison to the rise of energy prices in Europe
From a global pandemic to the Russian invasion of the Ukraine, inflation now looms over the global economy, driving up prices and putting further pressure on the cost of living…
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EU Commission to Prevent Booking Holding From Purchasing of eTraveli
Booking Holdings is set to lose the €1.67 billion deal with Sweden’s eTraveli Group, a very important transaction that has been left stranded for nearly two years. This is expected to happen due to the European Commission deciding against it…
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Accent Group set to open Four Points by Sheraton Budapest Danube on the bank of the Danube River
Accent Hotel Management will open Budapest's first Four Points by Sheraton hotel on the bank of the Danube, representing one of Marriott International’s 30 extraordinary brands…
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