News

India’s health and wellness tourism market to generate $6.38bn in 2016
Friday, February 17, 2012 The health and wellness tourism industry in India is expected to generate revenues of INR315.4bn ($6.38bn) in 2016, with a compound annual growth rate (CAGR) of 25.6% over 2012–16, according to...

China’s travel intermediaries industry approaches $80bn
Thursday, February 16, 2012 China’s travel intermediaries industry registered a compound annual growth rate (CAGR) of 17.1% during 2007–11 to reach a market size of CNY502.7bn ($79.8bn) in 2011, according to a BRICdata...

India’s travel intermediaries industry to reach $24.76bn in 2016
Tuesday, February 14, 2012 India's travel intermediaries industry is forecast to reach Rs1.21tn ($24.76bn) in 2016 from Rs679.9bn ($13.82bn) in 2012, at a compound annual growth rate (CAGR) of 15.7%, according to a...

Hotels in MENA region report marginal growth
Thursday, February 09, 2012 Hotels in the Middle East and North Africa (MENA) region's key cities have reported mixed fortunes in 2011, with Dubai and the Saudi capital Riyadh leading the pack, according to the...

Russia’s travel intermediaries industry to reach $37bn by 2016
Thursday, February 09, 2012 The Russian travel intermediaries industry is set to grow from RUR733.5bn ($24.62m) in 2012 to RUB1.10tr ($37bn) in 2016, increasing at a compound annual growth rate (CAGR) of 13.7%, according to...

Hilton signs management agreement with Astana in Kazakhstan
Wednesday, February 08, 2012 Global hospitality company Hilton Worldwide has announced the signing of a management agreement with Astana Development Group in...

New York Helmsley to undergo $65m renovation
Wednesday, February 08, 2012 The New York Helmsley Hotel is set to undergo a $65m renovation, Starwood Hotels & Resorts Worldwide and Host Hotels & Resorts have...

IHG opens Holiday Inn Express Atlanta Downtown
Tuesday, February 07, 2012 InterContinental Hotels Group (IHG) has announced the opening of the new Holiday Inn Express & Suites Atlanta Downtown in Georgia,...

Hyatt signs management agreements with Naseel
Tuesday, February 07, 2012 A Hyatt affiliate has signed agreements with Naseel Holding Company to manage three new Hyatt-branded hotels in the Kingdom of Saudi...

Brazil’s travel intermediaries industry to reach $41.55bn in 2016
Tuesday, February 07, 2012 The value of the Brazilian travel intermediaries industry is expected to reach R$71.68bn ($41.55bn) by 2016, according to a BRICdata...

Starwood Capital buys Gansevoort hotel in US
Monday, February 06, 2012 A consortium consisting affiliates of Starwood Capital Group, the LeFrak Organization and Invesco have jointly purchased a property that includes the former Gansevoort luxury hotel in...

DoubleTree by Hilton opens fifth New York hotel
Monday, February 06, 2012 DoubleTree by Hilton has announced the opening of its fifth New York City hotel in Midtown Manhattan, located at 36th Street between Eighth and Ninth...

London reports rise in 2011 RevPAR
Friday, February 03, 2012 London registered an 8.4% year-on-year increase in revenue per available room (RevPAR) in 2011, according to data from STR...

InterContinental Hotels opens New York property
Friday, February 03, 2012 InterContinental Hotels Group (IHG) has announced the opening in the US of the $52m Holiday Inn New York City Midtown-31st...

Strand Development announces expansion plans
Thursday, February 02, 2012 US-based hotel operator Strand Development has announced plans to expand into the Midwest and West Coast of the US within the next three to five...

New York registers $3.5bn in 2011 hotel transactions
Thursday, February 02, 2012 New York City has recorded 18 hotel transactions in 2011, which comprised $3.5bn in assets traded and represented a 150% increase over 2010 volumes, according to Jones Lang LaSalle Hotels'...

Sahara Group makes £750m bid for Marriott hotels
Wednesday, February 01, 2012 Sahara Group in India has made a bid for 42 Marriott hotels in London, which are being sold by Royal Bank of Scotland (RBS) for around...

Chesapeake to acquire Hyatt Place New York
Wednesday, February 01, 2012 Real estate investment trust Chesapeake Lodging Trust has signed a definitive agreement to acquire the Hyatt Place New York Midtown South in Manhattan, New York, US for...

Marriott International plans hotel in Nice
Tuesday, January 31, 2012 Marriott International has announced plans to open the first hotel under the AC Hotels by Marriott portfolio in Nice,...

IHG opens Crowne Plaza Suites hotel in Colombia
Tuesday, January 31, 2012 InterContinental Hotels Group (IHG) has announced the opening of the Crowne Plaza Suites Tequendama Bogota in...