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    Macau, China

    China tightens investment limits

    Dalian Wanda denied reports that it had found a buyer for USD5bn of assets as part of a strategic review which has seen it cut back on hotel ownership. The comments came as China’s government further tightened its controls on outbound investment, limiting deals done through offshore and Hong Kong-listed companies. China’s state planning agency, [...]
    474221530

    Hotels look to an automated future

    The anticipated increase in global travel and the rising demands of hotel guests have seen hotels look deeper into the potential of technology in development and operations. The mantle of innovation has now been picked up by industry bodies, with the Singapore Tourism Board announcing a framework to help hotels adopt technology. The body’s Smart [...]
    mandarinorientalhongkong

    Hong Kong attracts bargain hunters

    Hong Kong’s hotels are attracting investors looking to convert sites, as the price of office and residential space continues to grow. Despite the change of use, a recovery in visitor numbers has encouraged further hotel development, with luxury hotels leading the growth. According to JLL, 11 deals worth nearly USD1.5bn were recorded in the year [...]
    Rezidor Cape Town

    Tsogo Sun feels the pressure

    Tsogo Sun reported results hit by the weak currency in South Africa and “a tough economic environment” as it forecast that trading would “remain under pressure”. The comments came as the government in South Africa looked to tourism to drive revenues, while global eyes were on neighbouring Zimbabwe, now under new leadership. At Tsogo Sun, [...]
    IHG:Amadeus

    IHG follows loyalty out of hotels

    InterContinental Hotels Group has become the latest operator to extend its loyalty programme further outside rooms and into the consumer’s daily life. The company is offering the chance to earn points when using Grubhub and OpenTable for ordering delivery to the hotel or dining on or off property, as long as its channels are used [...]
    juryswatford

    Pandox tipped for Jury’s Inn

    Pandox has confirmed that it “has entered a negotiating phase” for a major portfolio, believed to be Jurys Inn. The comments came days after the group confirmed to this publication that it was looking for further acquisitions, after making its debut in the UK. The company said: “The acquisition concerns a hotel portfolio focused on [...]

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