• Issue 910

Scandic scoops Rica

Scandic Hotels has bought Scandinavian peer group Rica Hotels. The acquisition gives Scandic 72 more hotels and means it now has national coverage across Norway.

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Europe room rates down

European hotel prices have dropped to a three year low, with particular bargains in Rome, Vienna and Istanbul. Compared with a year ago, rates are down 7%, reports Trivago in its February price index.

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Aloft for Abu Dhabi

Starwood has signed a deal to open an Aloft in Abu Dhabi’s second city, Al Ain. The 172 room hotel will be part of a mixed use project adjacent to the Hazza Bin Zayed stadium, and is due to open in 2016.

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Two billion hits for Tripadvisor

Tripadvisor grew revenues 24% in 2013 to USD944.7m, helped by 26% growth in the last quarter. Website traffic was up 50% and Tripadvisor saw more than 2 billion unique visitors in 2013.

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St Regis grabs Mumbai opportunity

Starwood is to pin its St Regis flag on the former Shangri-La hotel in Mumbai. The deal is one of a wave of brand conversions, part of a shake out in India’s luxury hotel sector, reports Reuters.

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