Topland adds Feathers
Property group Topland has acquired the Feathers portfolio of eight hotels. The deal means Topland has invested GBP200m in hotels in the last 13 months, and has plans to buy more.
Strong growth for China Lodging
China Lodging saw same hotel revpar down 3% in the fourth quarter, with occupancy down at its economy brands. It added 146 new hotels in the quarter, taking the portfolio to 1,995 properties.
Higher spend planned
US travellers are planning to spend more on hotel accommodation this year, as they increase overall tourism spend. London and Santiago top the most favoured city destinations in a survey of American travel advisors by American Express.
India sees uplift
Hotels in India expect to see a 10% improvement in demand during 2015. But the uplift will not be sufficient to absorb increased supply in key gateway cities, reports the Economic Times.