Ion Equity To Launch New UK Budget Chain Dublin investment group Ion Equity is set to launch a new chain of premium budget hotels in Ireland and the UK. Read the full story >>
First Buddha-Bar Hotel To Open In Prague The new Buddha-Bar Hotels & Resorts group is preparing for the launch of the first Buddha-Bar Hotel in Prague. Read the full story >>
Beijing Market Strong During Olympics The Beijing hotel market has put in a strong performance for the opening days of the 2008 Beijing Games, seeing off a pre-Olympics lull, according to data compiled by STR Global. Read the full story >>
U.S. Pipeline Up 18% Year-On-Year The U.S. hotel development pipeline includes 5,943 hotels with 660,928 rooms. This represents a 0.5% decrease in rooms over June 2008 and an 18.1% increase over July 2007. Read the full story >>
Indian Hotels Draws Up US$489m Capex Plan Indian Hotels Co. Ltd. has drawn up a Rs21 billion (US$489 million) capex plan. Read the full story >>
Germany: 400 Hotels To Open By 2012 According to tophotelprojects.com, approximately 66,000 hotel rooms will be constructed or renovated in Germany within the next five years. Read the full story >>
Oberoi Plans 10 More In India By 2011 Oberoi Group is planning to set up 10 more hotels in India and abroad by the end of 2011, adding 2,300 rooms. Read the full story >>
Competition Forces China Hotels To Upgrade The opening of new casino resorts, such as the Venetian Macao, MGM, Crown Towers, Wynn Macau and Sofitel, has lifted the hospitality industry's service standards while drawing in new luxury seeking guests. According to Jones Lang LaSalle Hotels, occupancy in 4- and 5-star hotels reached a nine-year high in 2007. Read the full story >>
