• Issue 1036

Strong year for Choice

 

Choice Hotels saw revpar up 7.6% in the second quarter, with rate improving 2.9%. Ebitda at USD66.6m was up 12% as margins improved. 

 

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Improvements at Morgans

 

Morgans Hotel Group saw revpar at comparable hotels increase 6.4% in the second quarter. A major renovation of rooms in London hotels the Sanderson and St Martin’s Lane meant revpar there decreased by 27.5%.

 

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Growth for Mr & Mrs Smith

 

Boutique hotel booking site Mr & Mrs Smith is looking for new backing to support international expansion. The site’s owners have hired advisors to review options including additional funding, a possible joint venture or sale, reports the Sunday Times. 

 

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Singapore struggles

 

Hoteliers in Singapore are finding the going tough, with a drop in Chinese visitor numbers. While luxury hotels saw revpar up 8.5% in the first half of 2014, mid-tier hotels saw a 4.1% decline with upscale and economy also struggling, reports the Singapore Business Times. 

 

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