• Issue 1032

UK lifts IHG

 

IHG saw revpar up 5.8% in the first half of the year, led by the US market. In Europe, the UK and Germany performed well, while revenues were hit by refurbishment at the InterCon in Paris. 

 

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VI grabs tenth Arcadia

 

Vienna International has bought its tenth Arcadia brand hotel, located in Trier. The acquisition is the fourth this year for VI, ahead of a planned IPO.

 

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Groups help Strategic

 

Strategic Hotels saw revpar improve 7.2% in the second quarter, with revenues up 21.6%. Transient day rates improved 5.5% against 2013.

 

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Innside Venezuela deal

 

Melia has signed an agreement to open five Innside branded hotels in Venezuela. The first, with 116 rooms, will open in Punto Fijo in the state of Falcon in 2016. 

 

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Marriott Africa plan

 

Marriott expects to grow its African presence to 150 hotels by 2020, across 16 country markets. Chief executive Arne Sorenson is detailing the targets at the US-Africa Business Forum.

 

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