Gong for Llandudno
A small hotel on the north Wales coast has been voted the world’s best bargain hotel by Tripadvisor. Lawton Court also won second place in the site’s listing of top small hotels, and fourth in the world for service, reports the Telegraph.
IHG bids for trust
Brands need to build “trust capital” to thrive in the modern, kinship economy. Increasing personalisation and a new definition of value mean that trust is more important than ever, according to new research released by IHG.
Accor revenues accelerate
Accor has reported like for like revenues up 3.8% in 2014, while the company has revised its Ebit target up to EUR600m. Growth accelerated to 5.1% in the fourth quarter.
Chinese investors push up prices
Insurance companies from China will spend more than USD20bn on overseas properties this year, up from USD15bn last year. Already their impact is pushing up prices of trophy property assets including hotels, reports Bloomberg.
Vantage adds Value in Jeju
US hotelier Vantage is expanding its Value brand in South Korea. The company has signed two sites on Jeju Island, off the south coast of the country.