Double-digit Growth Predicted For London Hoteliers In 2010
Hoteliers in London could see double-digit revenue per available room (revPAR) growth this year, according to the latest Hotel Market Outlook, a quarterly report issued by Deloitte.
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London's Grosvenor House Up for Sale | wsj.com
Royal Bank of Scotland Group PLC Wednesday put London's landmark Park Lane building Grosvenor House Hotel up for sale, according to real-estate consultancy and agent CB Richard Ellis. The property, a five-star establishment with 420 rooms and 74 suites over eight floors, could be the most expensive hotel ever to come to market in Europe. Industry experts estimate a price tag of between £500 million and £600 million ($750 million to $900 million), but cautioned that pricing was highly dependent on buyer interest. CB Richard Ellis is acting as agent for the sale, but wouldn't disclose details on pricing.
AirAsia's £2-a-night no-frills hotels set to open in London | dailymail.co.uk
A comfy bed and a power shower would probably keep most hotel guests happy but what if you have to pay for everything else that comes with your stay? The man behind low-cost long haul airline AirAsia and a string of budget hotels in Malaysia and Indonesia is to bring his 'Tune' brand of hotels to London as part of a £150 million deal announced today.
Irish asset agency eyes London hotels | bbc.co.uk
Three of London's most prestigious hotels could end up being controlled by the Irish government. The Irish Times has reported that the Berkeley, Claridges and the Connaught may be about to be taken over by the Republic's National Asset Management Agency (Nama). The hotels are owned by financier Derek Quinlan's Maybourne Hotel Group.
To Grow Online Sales - Forget Facebook and Twitter, Rather Focus on Payment Systems
To Grow Online Sales - Forget Facebook and Twitter, Rather Focus on Payment Systems
The travel industry is putting entirely too much faith and energy into online social networking when there is little demonstrable positive return on investment. There is another issue that should be moved to the top of the agenda. That issue is payment systems, which is the real driver for online sales. Says Feature writer Ken Smith.
2012 Summer Olympics will require careful rate management | hotelnewsnow.com
For a recent presentation, I was asked to provide an outlook for the London. As the current market conditions make it quite difficult to predict 2010 performance, I decided it would be way more fun to look even further into the future—the 2012 Summer Olympics. And whilst I don’t have a crystal ball, we at STR and STR Global do hold historic data on the past four Summer Olympics: 1996 in Atlanta, Georgia; 2000 in Sydney, Australia; 2004 in Athens, Greece; and 2008 in Beijing, China. This gives great insight on how world events like the Olympics affect a hotel market.
Sihot Integrates RateTiger to Streamline Inventory Management
eRevMax International announced today that it has completed integration with Gubse AG. The integration will help hoteliers to streamline distribution and revenue management processes. From now on subscribing hotels can consolidate all availability and reservation data updates from multiple online sales channels into the Sihot Property Management System (PMS).
Video: Full coverage from the 2010 Master Innholders General Managers Conference, London
This year’s Master Innholders’s General Managers’ Conference was held on the 18th and 19th January at the Jumeirah Carlton Tower in London.It was also filmed and webcast live over the internet. Here you can watch the keynote speeches from both days.
Aman Spa Goes Urban at London Hotel | nytimes.com
Amanresorts is known for secluded luxury, and the hotelier has tried to replicate that feeling here in both form and function, but this time as an urban oasis. Guests leave the rich Edwardian lobby to travel down two levels to a decidedly more modern scene, peppered with tranquil Asian influences. The small relaxation room where guests sip fresh ginger or lemon-grass tea is furnished in gold and white fabrics, with large black floor tiles. The five treatment rooms are neutrally serene with carved wooden sliding doors and white wicker chairs, and each has its own shower and changing area.
Erlend Heiberg has been appointed as Principle of the UK office at Horwath HTL
Erlend Heiberg, one of the UK’s leading names in Hospitality and Real Estate consulting has been named as principle of the UK office of International Hospitality and Leisure consulting firm, Horwath HTL. Erlend has over 18 years’ experience working in the industry and is a member of the Royal institute of Chartered Surveyors. Previously Erlend worked for the InterContinental Hotels Group before holding senior positions at CB Richard Ellis Hotels and Jones Lang La Salle Hotels in Dubai, where he was initially Senior Vice President Middle East and North Africa, before joining the London team as Senior Vice President of CEE and Pan EMEA. The Horwath HTL UK office is a full service organisation, offering strategic hospitality and leisure advice, real estate investment and development services to operators, private investors, institutional groups and real estate developers.
Kevin Rockey has been appointed as General Manager at W London-Leicester Square
W Hotels Worldwide has announced the appointment of Kevin Rockey as general manger of W London-Leicester Square, the contemporary lifestyle branded hotel operated by Starwood Hotels & Resorts. Rockey joins the 192-bedroom hotel from the Morgans Hotel Group where for the past 10 years he has held several positions including hotel manager at the Sanderson hotel and most recently as hotel manager at St Martins Lane, London. “Kevin’s London know-how and design hotel experience will be invaluable to us for W to really make its mark in London when we debut this summer,” said Robyn Pratt, brand leader for W hotels in Europe, Africa and the Middle East. “As we continue to transform W into a global powerhouse, with openings in international ‘it’ locations like London, we need talent like Kevin who share in the brand’s and the destination's passion for fashion, design and entertainment.”
London hotels post RevPAR growth in 4Q 2009
Deloitte, the business advisory firm, has confirmed that hotels in London saw revenue per available room (revPAR) rise out of the red during the final quarter of 2009, up 5.5% to £110. Occupancy was the key driver of growth in the capital, up 5.8% to an outstanding 82.9%. Average room rates, which lag occupancy in recovery, fell 0.2% to £133.
London hotels full in November | Deloitte Reports
Deloitte, the business advisory firm, has confirmed that London’s hotel market is leading the recovery in European hotel performance after 13 consecutive months of decline. October showed the first signs of revPAR (revenue per available room) growth but data for November shows a dramatic increase in hoteliers’ revenue, rising 10% compared to the same month last year.
Interstate Hotels & Resorts Adds England to International Management Portfolio
Interstate Hotels & Resorts (NYSE:IHR) , a leading hotel real estate investor and the nation's largest independent hotel management company, today announced that Harte Holdings, on behalf of Argyll Hotel Group, has awarded management contracts for three hotels in London to Interstate, marking the operator's entry into one of the world's great hotel cities. The upscale boutique hotels, all located in central London, include The Royal Park, The Cranley and The Elizabeth.
London leads recovery among European hotels | caterersearch.com
London’s hotel market is leading the recovery in European hotel performance after 13 consecutive months of decline, research has revealed. The study by consultancy Deloitte and STR Global highlighted a dramatic increase in revenue per available room (revpar) in November for hotels in the capital, rising 10% compared to the same month last year, from £119 to £138.
Debrah Dhugga has been appointed as General Manager at Dukes, St James’s
Debrah Dhugga has been appointed to the position of General Manager at Dukes, St James’s, a 90-room, 100-year-old hotel in London's Mayfair district. Debrah has spent nine years at Malmaison, building the brand with entrepreneur Ken McCulloch. In 2005 Debrah joined Tom’s Companies as CEO, responsible for operations for the boutique hotels, Seaham Hall in County Durham and The Samling in the Lake District and was instrumental in achieving a number of prestigious awards including AA Hotel of the Year, twice, a Michelin Star and Best Spa Awards. Debrah joins CampbellGray from GHD where she was Director of Retail and Spa.
Bob Cotton OBE Honoured by BAHA for outstanding leadership of British Hospitality Association (BHA)
Bob Cotton OBE – Chief Executive of the UK hospitality industry’s trade body, the British Hospitality Association (BHA) – was presented with a special award last week by BAHA (British Association of Hospitality Accountants) in recognition of his outstanding service to the UK hospitality industry during his tenure at the BHA.
HFTP Helps Educate During the 4th Annual BAHA Conference in London
Hospitality Financial and Technology Professionals (HFTP®) representatives will educate attendees this week on hospitality technology during the 4th Annual BAHA (British Association of Hospitality Accountants) one-day conference and exhibition. The conference — entitled "The Essential Toolkit for Managing the Bottom Line" — is Thursday, November 19 at the Sofitel Hotel, London Heathrow at Terminal 5.
The ‘Essential Toolkit’ Workshops for Managing the Bottom Line – Supporting the 4th Annual BAHA Conference and IT Exhibition – are announced
A comprehensive programme of highly topical interactive education workshops will make putting ‘theory into practice’ the order of the afternoon for hospitality finance and IT professionals attending the 4th Annual BAHA (British Association of Hospitality Accountants) one-day Conference and Exhibition – entitled ‘The Essential Toolkit for Managing the Bottom Line’ – to be held on Thursday, 19 November 2009 at the Sofitel Hotel, London Heathrow at Terminal 5.
Des and Dave check back into City with boutique hotel | timesonline.co.uk
When Conran Restaurants sold its 50 per cent stake in the Great Eastern Hotel, in the City of London, in February 2006, it vowed to return to the hotel business as soon as possible. Today, the company, now called D&D London, will unveil its plans for a £50 million hotel in nearby Moorgate as the first step in developing a small chain of boutique hotels.