Hospitality industry http://www.globalpost.com/taxonomy/term/33965/all en UPDATE 1-InterContinental profit rise led by U.S. growth http://www.globalpost.com/dispatch/news/thomson-reuters/130219/update-1-intercontinental-profit-rise-led-us-growth <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>LONDON, Feb 18 (Reuters) - InterContinental Hotels Group , the world's biggest hotelier, posted an 11 percent rise in 2012 profit, underpinned by a strong U.S. business and expansion in developing markets.</p> <p>The hotelier, home to the Crowne Plaza, Holiday Inn and InterContinental brands, on Tuesday reported a 2012 operating profit of $614 million, ahead of a $605 million company supplied consensus estimate.</p> <p>Annual revenue rose 5 percent to $1.84 billion, while the dividend rose 16 percent to 64 cents.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130219/update-1-intercontinental-profit-rise-led-us-growth" target="_blank">read more</a></p> Business Hospitality industry Hotel chains Thomson Reuters Tue, 19 Feb 2013 08:30:47 +0000 Thomson Reuters 5759641 at http://www.globalpost.com InterContinental reports soaring annual net profit http://www.globalpost.com/dispatch/news/afp/130219/intercontinental-reports-soaring-annual-net-profit <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>InterContinental Hotels Group said on Tuesday that annual profits jumped by almost a fifth, aided by strong expansion in China and the United States, and added it would press head with the sale of two key hotels.</p> <p>Earnings after taxation rallied 18.2 percent to $544 million (407 million euros) in 2012, compared with $460 million in 2011, IHG said in a results statement.</p> <p>The company, the world's largest hotels operator by number of rooms, owning the InterContinental, Crowne Plaza and Holiday Inn chains, also said that revenues grew by 4.0 percent to $1.835 billion.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130219/intercontinental-reports-soaring-annual-net-profit" target="_blank">read more</a></p> Business Crowne Plaza Holiday Inn Hospitality industry Hotel chains InterContinental Hotels Group AFP Tue, 19 Feb 2013 09:45:34 +0000 Agence France-Presse 5759701 at http://www.globalpost.com Accor posts 599-mn-euro loss tied to sale of Motel 6 chain http://www.globalpost.com/dispatch/news/afp/130220/accor-posts-599-mn-euro-loss-tied-sale-motel-6-chain <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>The French hotel group Accor said on Wednesday it had suffered a net loss of 599 million euros ($804 million) last year owing to the sale of the US budget chain Motel 6, and said it would seek to generate 100 million euros in savings over the next two years to remain competitive.</p> <p>Stripping out exception items the company said its results were solid, with revenue up by 2.7 percent on a like-for-like basis to 5.65 billion euros as rates for rooms increased steadily.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130220/accor-posts-599-mn-euro-loss-tied-sale-motel-6-chain" target="_blank">read more</a></p> Accor Accor EUR Hospitality industry Hotel chains AFP Wed, 20 Feb 2013 10:15:35 +0000 Agence France-Presse 5760883 at http://www.globalpost.com Rio sex motels to house World Cup, Olympics fans http://www.globalpost.com/dispatch/news/afp/130222/rio-sex-motels-house-world-cup-olympics-fans <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>A shortage of hotel rooms has led Rio authorities to invest millions of dollars to convert raunchy motels to accommodate the legions of tourists expected for the 2014 World Cup and the 2016 summer Olympics.</p> <p>Shalimar, located in the upscale beach district of Leblon, is one of 60 such "sex" motels undergoing a facelift.</p> <p>Already 30 of its 62 rooms have been remodeled and given a minimalist look.</p> <p>Out with the red carpets, the mirrors, the heart-shaped water bed and the chains on the walls.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130222/rio-sex-motels-house-world-cup-olympics-fans" target="_blank">read more</a></p> Business Hospitality industry Labor Law Motel Social Issues Tourism AFP Sat, 23 Feb 2013 02:15:36 +0000 Agence France-Presse 5763996 at http://www.globalpost.com Football/Olympics: Sex motels revamp for World Cup, Olympics http://www.globalpost.com/dispatch/news/afp/130223/footballolympics-sex-motels-revamp-world-cup-olympics <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>A shortage of hotel rooms has led Rio authorities to invest millions of dollars to convert raunchy motels to accommodate the legions of tourists expected for the 2014 World Cup and the 2016 summer Olympics.</p> <p>Shalimar, located in the upscale beach district of Leblon, is one of 60 such "sex" motels undergoing a facelift and already 30 of its 62 rooms have been remodeled and given a minimalist look.</p> <p>That means out with the red carpets, the mirrors, the heart-shaped water bed and the chains on the walls.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130223/footballolympics-sex-motels-revamp-world-cup-olympics" target="_blank">read more</a></p> Business Hospitality industry Labor Law Motel Social Issues Tourism AFP Sat, 23 Feb 2013 06:45:03 +0000 Agence France-Presse 5764060 at http://www.globalpost.com Hotels take fitness amenities to the great outdoors http://www.globalpost.com/dispatch/news/thomson-reuters/130225/hotels-take-fitness-amenities-the-great-outdoors <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Dorene Internicola</p> <p>NEW YORK, Feb 25 (Reuters) - From sightseeing city runs and nature hikes down country trails to surfing sessions, hotels are luring leisure and business clients outside their climate-controlled rooms for outdoor activities to keep fit while traveling for business or pleasure.</p> <p>Morning runs, afternoon power walks and bicycle rides are fast becoming standard fare for hotels in urban centers, with the cityscape dictating the route.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130225/hotels-take-fitness-amenities-the-great-outdoors" target="_blank">read more</a></p> Business Hilton Worldwide Hospitality industry Hotel chains Thomson Reuters Mon, 25 Feb 2013 10:32:26 +0000 Thomson Reuters 5765792 at http://www.globalpost.com Hotel deals set for significant pick up in 2013 http://www.globalpost.com/dispatch/news/thomson-reuters/130307/hotel-deals-set-significant-pick-2013 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* European hotel transactions down 21 pct in 2012</p> <p>* Hotel executives, industry experts see pick-up this year</p> <p>* Easier access to financing boosts investments</p> <p>* Wealthy gulf investors eye trophy assets</p> <p>By Victoria Bryan</p> <p>BERLIN, March 7 (Reuters) - More hotels are expected to change hands this year, with transaction volumes returning to pre-crisis levels thanks to easier financing and wealthy Gulf buyers on the hunt for trophy assets in key locations in London or Paris.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130307/hotel-deals-set-significant-pick-2013" target="_blank">read more</a></p> Business Hospitality industry Hotel chains Open Travel Alliance Technology Thomson Reuters Thu, 07 Mar 2013 15:31:03 +0000 Thomson Reuters 5776170 at http://www.globalpost.com Lawmakers hover as more homeowners rent rooms to visitors http://www.globalpost.com/dispatch/news/thomson-reuters/130315/lawmakers-hover-more-homeowners-rent-rooms-visitors <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Peter Myers</p> <p>LONDON (Reuters) - For British student Carly Connor a trip to London for a city break would be impossible if she had to pay for a hotel so instead she rents a room in a Londoner's home.</p> <p>Connor, 26, is among a growing number of people taking advantage of a surge in the number of homeowners offering to rent out a room for a night or longer, with the cash a welcome addition to recession-squeezed budgets.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130315/lawmakers-hover-more-homeowners-rent-rooms-visitors" target="_blank">read more</a></p> Business Hospitality industry Law Technology Tourism Travel Thomson Reuters Fri, 15 Mar 2013 18:15:06 +0000 Thomson Reuters 5784777 at http://www.globalpost.com Accor sees sales slide on southern European slump http://www.globalpost.com/dispatch/news/afp/130417/accor-sees-sales-slide-southern-european-slump <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>A worsening economic climate, particularly in southern Europe, helped push down first quarter sales by French hotel group Accor by 1.2 percent from the same period last year to 1.2 billion euros ($1.6 bn), the company said Wednesday.</p> <p>"First-quarter 2013 trends - contrasted conditions in Europe and satisfactory business levels in the emerging markets - are expected to continue in the second quarter, given the lack of any observable shift in business at this stage," said Accor.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130417/accor-sees-sales-slide-southern-european-slump" target="_blank">read more</a></p> Accor Accor Hospitality industry Hotel chains AFP Wed, 17 Apr 2013 18:32:03 +0000 Agence France-Presse 5818622 at http://www.globalpost.com Government acts on "beer tie" to help pub tenants http://www.globalpost.com/dispatch/news/thomson-reuters/130422/government-acts-beer-tie-help-pub-tenants <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>LONDON (Reuters) - The government said on Monday that it would introduce new rules to clamp down on the 'beer tie' by which tenanted pubs are forced to buy their beer from the companies who run their leases.</p> <p>Under the new code of practise, which ministers say will be backed by a "powerful" adjudicator, pub tenants will be able to complain if they are unfairly treated by landlords.</p> <p>It could also mean tied pubs having the option of a 'guest beer' to try to ensure that they are no worse off than those who are not tied.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130422/government-acts-beer-tie-help-pub-tenants" target="_blank">read more</a></p> Alcohol Enterprise Inns Hospitality industry Thomson Reuters Mon, 22 Apr 2013 07:30:40 +0000 Thomson Reuters 5822038 at http://www.globalpost.com Accor ousts CEO to speed up strategy http://www.globalpost.com/dispatch/news/thomson-reuters/130423/accor-ousts-ceo-speed-strategy <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Dominique Vidalon and Cyril Altmeyer</p> <p>PARIS (Reuters) - Accor SA &lt;ACCP.PA&gt; ousted Chairman and Chief Executive Denis Hennequin on Tuesday and put a transition team in charge of Europe's largest hotel group amid a disagreement over the pace of change.</p> <p>The French company named Chief Operating Officer Yann Caillere CEO, while board member Sebastien Bazin, the head of Colony Europe, was named vice-chairman to replace Philippe Citerne, who becomes non-executive chairman.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130423/accor-ousts-ceo-speed-strategy" target="_blank">read more</a></p> Accor Accor SA Business Hospitality industry Hotel chains Thomson Reuters Tue, 23 Apr 2013 21:00:29 +0000 Thomson Reuters 5823581 at http://www.globalpost.com Marriott International 1Q earnings rise on higher rates and more large groups http://www.globalpost.com/dispatch/news/the-canadian-press/130501/marriott-international-1q-earnings-rise-higher-rates-and-mor <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>NEW YORK, N.Y. - Marriott International Inc. says it turned a better-than-expected profit in its first quarter thanks to higher room rates and a return of events by large groups.</p> <p>The company, based in Bethesda, Md., said Wednesday that it earned $136 million, or 43 cents per share, in the three-month period that ended March 31. That's up from $104 million, or 31 cents per share, a year ago. A change in the company's fiscal year meant nine extra days in the quarter this year compared to last.</p> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/130501/marriott-international-1q-earnings-rise-higher-rates-and-mor" target="_blank">read more</a></p> Business FactSet Research Systems Hospitality industry Hotel chains Marriott International Technology The Canadian Press Wed, 01 May 2013 21:31:27 +0000 The Canadian Press 5829517 at http://www.globalpost.com Changes to Manitoba liquor laws will allow alcohol in spas, hair salons http://www.globalpost.com/dispatch/news/the-canadian-press/130515/changes-manitoba-liquor-laws-will-allow-alcohol-spas-hair-sa <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>WINNIPEG - Manitobans will soon be allowed to drink alcohol at the spa or hairdresser, have a beer in a restaurant without ordering a meal, and possibly imbibe around the clock during special events.</p> <p>The changes, contained in a bill introduced in the legislature Wednesday, are part of an overhaul of the province's liquor laws, many of which date back to the 1950s.</p> <p>The aim is to reduce the red tape for business owners while allowing consumers more options, said Gaming Minister Dave Chomiak.</p> <p>"They'll have more entertainment, more flexibility," Chomiak said.</p> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/130515/changes-manitoba-liquor-laws-will-allow-alcohol-spas-hair-sa" target="_blank">read more</a></p> Alcoholic beverage Bar Bartending Business Hospitality industry The Canadian Press Wed, 15 May 2013 18:15:39 +0000 The Canadian Press 5838459 at http://www.globalpost.com Luxury hotel Rome Cavalieri celebrates 50th anniversary http://www.globalpost.com/dispatch/news/afp/well-being/130518/luxury-hotel-rome-cavalieri-celebrates-50th-anniversary <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>This iconic Cavalieri hotel in the Eternal City is celebrating its golden jubilee in a number of different ways. One of which is the chance to discover this top address for only €50 a night...a deal which goes to the 50th person to book a room any given week.</p> <p>Starting now and running into August, those who happen to be lucky enough to make a reservation at just the right time will pay just €50 for the night's stay -- even for a Deluxe Room or the Penthouse Suite with its rooftop terrace.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/well-being/130518/luxury-hotel-rome-cavalieri-celebrates-50th-anniversary" target="_blank">read more</a></p> Astor family Hilton hotels Hospitality industry Well being Sat, 18 May 2013 20:45:20 +0000 Agence France-Presse 5841113 at http://www.globalpost.com Luxury hotel Rome Cavalieri celebrates 50th anniversary http://www.globalpost.com/dispatch/news/afp/tourism/130518/luxury-hotel-rome-cavalieri-celebrates-50th-anniversary <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>This iconic Cavalieri hotel in the Eternal City is celebrating its golden jubilee in a number of different ways. One of which is the chance to discover this top address for only €50 a night...a deal which goes to the 50th person to book a room any given week.</p> <p>Starting now and running into August, those who happen to be lucky enough to make a reservation at just the right time will pay just €50 for the night's stay -- even for a Deluxe Room or the Penthouse Suite with its rooftop terrace.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/tourism/130518/luxury-hotel-rome-cavalieri-celebrates-50th-anniversary" target="_blank">read more</a></p> Astor family Hilton hotels Hospitality industry Tourism Sat, 18 May 2013 21:00:20 +0000 Agence France-Presse 5841127 at http://www.globalpost.com