• Issue 1023

Strong Euro hits Rezidor

 

Rezidor pushed revpar up 2.7% like for like in the second quarter, as room rates improved. Western European markets all improved, except for France, while the Middle East and Africa saw robust trade.

 

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Melia for Cartagena

 

Spanish hotel group Melia has signed to open a Melia branded hotel in Cartagena, Colombia. The 154 room hotel will be completed by two local development partners for opening in early 2017.

 

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YTL launches Kasara

 

Malaysia’s YTL Hotels has launched a new luxury hotel brand, Kasara. The first property under the new brand will be the Niseko Village Townhouse in the Japanese ski resort of Niseko Village, launching in December. 

 

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Sahara sales hope

 

Authorities in India have lifted a freeze on the overseas assets of Sahara group, raising the potential of a sale or refinancing. The Plaza in New York and Grosvenor House in London could be sold to meet payments demanded by the courts, reports Reuters. 

 

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Gree sees Japan opportunity

 

Japanese mobile game company Gree is pushing into hotel bookings, to counter reducing sales in games. The company has invested USD4.5m in Hong Kong based last minute booking app HotelQuickly, reports the Wall Street Journal. 

 

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