• Issue 1085

Accor sees upturn

 

Accor has reported revenues up 4.6% like for like in the third quarter. Key European markets saw strong demand, France moved positive, while Africa is starting to see a slowdown.

 

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IHG adds Mexico momentum

 

IHG is extending its strategic agreement with Mexican partner Grupo Presidente. The duo plan to add new hotels and extend the range of IHG brands they operate in Mexico.

 

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NH sells Sotogrande

 

Spanish hotel group NH has sold its 97% stake in the Sotogrande project for EUR225m. Cerberus and Orion Capital have bought the hotel and real estate assets that include two hotels, golf courses and development land.

 

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Airbnb vs NYC

 

Almost three quarters of Airbnb listings in New York are technically illegal. A report from the attorney general reveals widespread flouting of existing zoning regulations, reports Bloomberg.

 

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Chinese trio for Jumeirah

 

Jumeirah Group has signed to manage three new hotels in China. City hotels in Wuhan and Nanjing will be joined by a golf resort property in Hainan.

 

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