Scandic Hotels, the Scandinavian hotel chain, is taking over 2 hotels in Poland that are run by Holiday Inn, which is part of their expansion strategy for Eastern Europe. One of these hotels is located in Wroclaw, featuring 164 guest rooms, and the other one is situated in Gdansk, featuring 143 guest rooms. [...]
Quantum Hotels & Resorts is extending their portfolio of properties throughout the Philippines. Two new properties, the Residences at Fairways and Bluewater (308 rooms) and the Torre Venezia (75 rooms), were opened recently by the company in the Philippines.
Quantum Hotels & Resorts is also anticipated to open two other properties, the Argrias Suites (60 [...]
Premier Inn, the largest brand of hotels in the United Kingdom, has continued their expansion globally by signing a joint venture that will roll out their mid-market chain throughout Oman. This deal marks a strategic partnership between Premier Inn Hotels and the Sultan of Oman. The joint venture between the hotel brand and [...]
London hotels need to be ready to ride the economic roller coaster as they will be facing the worst environment in 15 years reported PricewaterhouseCoopers LLP. They also predict that revenue per available room (RevPAR) may fall by nearly 12% during next year as occupancy levels tumble. The cuts in business travel budgets, [...]
