On Tuesday, shares in InterContinental Hotels dropped after an announcement from the company of a 43% decline in profit for last year, saying that they don’t anticipate the demand for accommodations to puck up soon.  The company operates the brands of Holiday Inn, Crowne Plaza, and InterContinental.
InterContinental Hotels Group reported a fall in net [...]

Renaissance Hotels has finally opened the Renaissance Curacao Resort & Casino, which makes this property the first hotel chain that has opened for 15 years in the Caribbean. The new resort and casino is located on the waterfront in Willemstad and is connected to the Rif Fort, which is an UNESCO World Heritage site.
In [...]

Moscow has begun to experience its first signs of the global economic downturn with occupancy levels being reported as falling 5 points last year to 70%. The average daily rate ended at €251 for the year, which only increased 5% in comparison to the year before. Meanwhile, revenue per available room fell to [...]

PKF Hotel Consultancy Services has released preliminary monthly figures that show that the room rates, occupancy levels, and room yields for hotels in the United Kingdom declined again during the Christmas season. Room rates have dropped to £138.03 by 0.9% in comparison to £139.33 in 2007, and occupancy levels are reported to have slumped [...]

Thistle Hotels is now taking their first step outside of the market of the United Kingdom with the opening of properties throughout Asia.  Heko Figge, the new Chief Operating Officer of Thistle Hotels, said that the company is weathering the global economic downturn well, and they feel like this is the right time for [...]

Holiday Inn, a part of the InterContinental Hotels Group, has announced the opening of a 136-room hotel, Holiday Inn Long Island City-Manhattan View. This property is going to showcase the new sign of the brand, which seals the approval of this hotel to meet the standards of the brand’s relaunch program, which cost $1 [...]