INDIAN HOTELS, which runs the Taj hotel chain, cited slowing economic growth as causing flat year-over-year profit growth for its fiscal third quarter, Reuters reported. It expects that the following quarter will bring a boost in occupancy as the weakened rupee lures foreign visitors. Indian Hotels is part of the Tata conglomerate and has...
Las Vegas Sands’ proposed $20 billion, one-mile long Las Vegas Strip-like casino-hotel resort development in Madrid is getting local support. Madrid Mayor Ana Botella, and other city and regional leaders have vowed to work together to bring the resort to the city, the Associated Foreign Press reported. The daily El Pais reported that LVS...
After achieving the largest organic growth in its history, HOT is entering the year with 80 planned openings, just short of last year’s 81. “Our global multi-brand growth continues unabated and Starwood is particularly well positioned to take full advantage of growth anywhere in the world, whether in established markets or in fast growing...
President Barack Obama has announced actions that aim to make the United States a top travel destination by focusing on visitors from China and Brazil and streamlining the visa process. They include: • A department of Commerce and Interior task force to recommend a national tourism and travel strategy. • A 40 percent increase...
Carlson and Rezidor will operate their combined hotels under Carlson Rezidor Hotel Group, giving it 1,300-plus properties across 80 countries. Carlson owns a controlling interest in the Stockholm-traded REZ. The new hotel group does not affect the companies’ legal status or ownership structure. Radisson Blu, Radisson, Country Inn & Suites by Carlson, Park Inn...
Uncertainty, fragmentation and immediacy will define leisure travel in the United States this year, according to a survey by Atmosphere. Economic instability will have many customer bases in flux. One in four travelers has a negative view of their current financial condition and most do not plan to spend more on travel this year...
Choice Hotels is assembling parcels of land in key urban and dense suburban markets as it lays the groundwork to develop its Cambria Suites brand. CHH so far has assembled at least 6 such parcels, Smith Travel Research reported. CHH is buying land at distressed prices, which it will offer to developers at cost....
India is hot. On the day after Wyndham revealed big growth plans in India, Starwood and Hyatt have followed with their own announcements. Calling India critical to its growth, Hyatt said it is increasing its number of development projects in the country to 53 with management agreements for seven more full and 14 more...
US PUBLIC: H, MAR • HYATT. The Park Hyatt Ningbo Resort opened in China with 236 rooms. The hotel is China’s first Park Hyatt. • MARRIOTT will open a 131-room Springhill Suites by Marriott at King of Prussia in February, the Philadelphia Business Journal reported. SSN Hotels/Ruchi Land Development will own and manage the...
Chatwal Hotels and Wyndham plan on opening 500 Night and Dream hotels globally over the next 10 years, the Economic Times reported. WYN franchises and manages Chatwal’s Dream and Night hotels, providing sales and marketing support for the Chatwal-owned properties. Part of the growth will be focused in India where Chatwal will invest 20...
Official North American publication of the
