News

  • 4 December 2011

    TRYP by Wyndham debuts North American hotel

    TRYP by Wyndham has revealed its first foray into the North American market by debuting the 242-room TRYP Quebec Hotel PUR at the Saint-Roch quarter in Quebec City, Canada.

  • 1 December 2011

    ITC to build Sheraton hotel in Sri Lanka

    ITC Limited, the India-based franchisee for the Sheraton Group, is to invest $300m in a luxury hotel and mixed-use development project in Colombo, Sri Lanka.

  • 1 December 2011

    Tata PE buys stake in Ginger Hotels

    Tata Capital's private equity fund Tata Private Equity has purchased a 10% stake in Roots Corporation, which runs Indian budget chain Ginger Hotels.

  • 30 November 2011

    US hotel occupancy rises in November

    US hotel occupancy rose by 4.1% to stand at 59.4% and its average daily rate (ADR) increased by 3.7% to $102.11 in year-on-year comparisons for the week ending 19 November...

  • 30 November 2011

    Marriott unveils Haiti hotel project

    Marriott International is to open a new $45m hotel in Haiti under a management agreement with ownership group Unigestion Holding, a Digicel Group subsidiary.

  • 30 November 2011

    UK hotel industry reveals October results

    Hotels in London, UK, reported year-on-year growth with room yield rising to £112.70 from £111.14 in October 2010, driven by a 3.6% increase in room rates from £124.97 to £129.43.

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