Hilton ups IPO
Blackstone has set its IPO target for Hilton at USD2.4bn, above previous expectations. With optional additional shares, the sale could raise USD2.7bn, the second largest IPO of the year, reports Bloomberg.
Marriott has signed two more Italian hotels to its Autograph independent collection. Boscolo owned hotels in Milan and the Exedra in Rome will join the brand almost immediately.
Strong Abu Dhabi
Events and national holidays helped occupancy at Abu Dhabi hotels up 8.4% in October to 79.6%. In Dubai, rates improved 9.4% despite a slip of 2% in occupancy levels compared with 2012, reports Hotstats.
Europeans are taking more short breaks and less longer holidays. While bookings from Southern Europe are down, the European market has outbound tourism overall, up 2.5% in the January to August period, reports ITB Berlin.
IHG has signed to introduce a mixed long stay and hotel offering in the Indonesian market. The 447 room Holiday Inn & Suites Jakarta Gajah Madah will mix extended stay suites with regular hotel rooms, opening in 2015.