• Issue 1029

Currency moves hit M&C


The strength of sterling hit reported results at Millennium & Copthorne. Revpar was down 2.4% in the first half, but was up 3.6% in constant currency terms.


Read more

Dublin opportunity


A buyer is being sought for a 330 room hotel project alongside Dublin’s convention centre. The site with development permission is among assets being sold by liquidators to owner Spencer Dock Development. 


Read more

Sofitel for Mexico


Accor is to launch its Sofitel brand in Mexico. A 290 room hotel will open in Reforma in the first half of 2017. 


Read more

Rio’s Olympic boom


A pre-Olympic building boom will give Rio de Janeiro 75 new hotels, adding 19,500 rooms to the city’s stock by 2016. The USD1.8bn investment will add 60% capacity to the hotel market in just six years, reports the Wall Street Journal. 


Read more

Kenya market hit


Tumbling tourism numbers have hit profits at Kenyan hotelier TPS Eastern Africa. The company reported first half profits down by almost three quarters, reports Reuters.


Read more

Share →