• Issue 1093

Starwood occupancy record

 

Starwood saw revpar up 7.5% in the third quarter, with same store US hotels delivering a 9.1% uplift. North American hotels saw record occupancies for the sixth consecutive quarter.

 

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Athens recovery

 

Athens and Hamburg were the top performing European hotel markets in September. Revpar was up 33% in the Greek capital, with room rates up 13.3%, while Hamburg pushed rates up 21.2%, reports 

 

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Strong quarter for Marriott

 

Marriott delivered third quarter results better than expected, with global revpar up 8.1%. Incentive management fees were up 26% globally, with 51% of company managed hotels earning fees. 

 

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Generator signs for Amsterdam

 

Hostel operator Generator has signed to open a new property in Amsterdam. The conversion of the former university department building will create a 168 room hostel capable of accommodating up to 566 guests, and will open in 2015.

 

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Edinburgh addition for Courtyard

 

Marriott has signed to open a second Courtyard hotel in Scotland. A 240 room hotel will open in three historic Edinburgh townhouses, in early 2016.

 

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