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.
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.
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.
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.
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.