• Issue 1114

Provinces shine

Hotels in the British provinces outshone those in the capital during October. In contrast with a decline in London, goppar was up 10% in Yorkshire and Humberside, and advanced 14.1% in Birmingham, reports Hotstats.

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Apex expands

Scottish hotelier Apex is adding a Glasgow hotel to its portfolio. The company, which has announced profits up 37% to GBP9.57m, currently operates 8 hotels in Edinburgh, Dundee and London, reports the Herald.

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Europe on the up

European hoteliers are increasingly confident that 2015 will see an upturn in fortunes. Of those surveyed by Choice Hotels Europe, 55% expect the sector to see a sustained upturn, while 68% expect room rates to perform well.

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Standard deal falters

A USD400m deal to sell the Standard High Line hotel in New York is faltering after an Asian backer pulled out. The Standard’s management team headed by Andre Balazs could lose the building if a new buyer steps forward, reports the Wall Street Journal.

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Good autumn for Milan

Milan and Prague enjoyed a strong October with goppar up 37.5% and 22.6% respectively. In Milan, rates were increased by 16.2% as occupancy held steady, reports Hotstats.

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