Hyatt reports Q1 results: Hyatt Hotels Corp. reported net income attributable to Hyatt was US$34 million (US$0.25 per share) during the first quarter of 2016, compared with US$22 million (US$0.15 per share) during the first quarter of 2015. Net hotel and net rooms growth was 9% and 7%, respectively, while comparable systemwide RevPAR increased 2.2%, including an increase of 3.7% at comparable owned and leased hotels.
Starwood reports Q1 results: Starwood Hotels & Resorts Worldwide reported net income was US$90 million (US$0.53 per share) in the first quarter of 2016, compared with US$99 million (US$0.58 per share) in the first quarter of 2015. During the quarter, the company signed 44 hotel management and franchise contracts, representing approximately 7,000 rooms, and opened 18 hotels and resorts with approximately 3,700 rooms.
Read more at Starwood’s website
Mövenpick signs in Dubai: Mövenpick Hotels & Resorts signed a management agreement with Richreit Real Estate Development LLC for Mövenpick Hotel Apartments Al Burj Business Bay, located in Dubai’s Business Bay district. The 299-room hotel apartment is expected to open in 2017.
Read more at Mövenpick’s website
dusitD2 to launch in UAE: Dusit International will launch its dusitD2 brand in the United Arab Emirates in July with the opening of the dusitD2 Kenz Dubai. The hotel will include 237 guestrooms and suites.
FibraHotel continues growth in Mexixo: FibraHotel acquired the Fiesta Americana Hemosillo hotel in Mexico. FibraHotel will renovate the 220-room hotel in stages without closing it, throughout 2016. The hotel will be operated by Grupo Posadas.