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Hotel business in 2012: 30 billion$ investment
According to the forecasts of the world's leading hotel consulting companies, 2012 promises to be as successful for the industry as the previous 2011.
Hotels in Paris, and Budapest became more profitable
Hotels in Paris, Budapest and Istanbul can rightly called 2011 one of the best years in history of their hotel business. In November hoteliers of the three European cities marked a significant room profit increase (RevPAR). These data are presented in a statistical study of the consulting company TRI Hospitality Consulting.
IHG will create a new brand for China
British hotel giant InterContinental Hotels Group plans to develop the newest hotel brand for the Chinese market. The company expects to use China as a launching pad for further promotion of the new hotel chain in Southeast Asia.