• Issue 1044

Costs outpacing revenues

 

The cost of acquiring hotel customers has been increasing ahead of revenue growth. Franchised properties fared worst in the results of a three year study by the Hospitality Asset Managers Association.

 

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Hyatt integrates with Uber

 

Hyatt has integrated its mobile app with taxi ordering service Uber, the first hotel brand to do so. The company says guests will find it easier to get to their hotels, as a result.

 

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Turkish delight for IHG

 

IHG has signed to open a Holiday Inn in the growing Turkish city of Kayseri. The 161 room hotel will open under a franchise agreement in early 2016.

 

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Budget M&C for Riyadh

 

Millennium & Copthorne has signed to open a Studio M branded hotel in Riyadh. The 145 room property is due to open by mid 2015, reports Construction Week.

 

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Revenues up at HSH

 

HongKong & Shanghai Hotels increased revenues 7% in the first half, with ebitda up 19%. Revpar slipped in Hong Kong due to renovations, but rose elsewhere, while occupancies held steady.

 

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