• Issue 916

New brands for Carlson Rezidor

Carlson Rezidor has announced two new hotel brands to add to its portfolio. Radisson Red will be a contemporary, technology led chain while the Quorvus Collection will be the group’s boutique brand linking independents.

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Records broken at Marriott

Marriott increased domestic revpar 5.4% in 2013, and drove fee income to more than USD1.5bn. More than USD1bn was returned to shareholders through dividends and share buybacks.

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Accor focused on new direction

Accor drove revenues up 2.7% in 2013 to EUR5,536m. Earnings were up 5.3% to EUR536m, helped by a solid second half performance.

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Strong finish for Host

Host Hotels increased revenues 6.5% in 2013, driven by occupancy and room rate growth. Revpar was up 5.8% for the full year, and 6.6% in the fourth quarter of the year.

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Swap for down under duo

Two hotels in Australia’s Kakadu National Park are dropping IHG flags to rebrand with Accor. The Crocodile Hotel will become a Mercure and the 48 room Cooinda Lodge will move to Ibis Styles from April.

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