• Issue 1035

Apartment demand strong

London’s serviced apartment sector saw revpar up 9% in the second quarter, with occupancy at 81.5%. The UK regions saw a 12% uplift with occupancy at 77.8%, reports the Association of Serviced Apartment Providers. 

Read more

QMH deal near

US investor Marathon Asset Management is to buy 11 hotels from the former Queens Moat Houses portfolio. The hotels, all but one run under Crowne Plaza and Holiday Inn flags, are expected to fetch around GBP135m, reports the London Times. 

Read more

Paris clampdown

The mayor of Paris is getting tough on illegal renters selling through sites such as Airbnb. A team of officials is making flying visits to track down those contravening the city’s rules, reports Bloomberg.

Read more

Orbitz hotel growth

Online travel agency Orbitz increased room night sales 20% in the second quarter, over the same period of 2013. Hotel net revenues reached USD90.3m, up 15% year on year. 

Read more

TUI progresses

Travel group TUI Travel grew profits 21% in its third quarter to GBP92m. The company is achieving higher prices for its holidays and says it is delivering against its growth levers.

Read more

Share →