4 May 2008 - UAE. Speaking at the Arab Hotel Investment Conference on 4 May, industry experts underlined the strength of the regional market and called for an end to the speculation that the hotel boom in Dubai and its neighbours was part of a temporary ‘bubble’. Veteran hotelier, Gerhard…
MAY 03, 2008—Expedia Corporate Travel’s growth remained strong despite the economic slowdown as its growth rate exceeded parent company Expedia Inc.’s 25 percent revenue increase and 20 percent gross bookings sales increase in the first quarter of this year compared with the first quarter of 2007, the company today announced…
Dubai, UAE; May 2, 2008: Emaar Hospitality Group, the hospitality & leisure business subsidiary of Emaar Properties PJSC, has revealed plans to launch and operate its own five star premium global brand of world-class hotels and resorts under the brand name, The Address Hotels & Resorts. Set to redefine the…
Two out of ten hotels plan renovation of guest rooms – Strong modernization continues in foodservice industry 1 May 2008 - Hamburg/Germany, In Germany, the focus of guest’s attention on clean and well designed hotel rooms and trendy restaurants push the investments in renovation and modernization. According to a new…
1 May 2008 - Columbia, Maryland… MICROS Systems, Inc. (Nasdaq:MCRS), a leading supplier of information systems to the hospitality and retail industries, today announced the results for its fiscal 2008 third quarter ended March 31, 2008. FINANCIAL HIGHLIGHTS * On February 5, 2008, the Company effected a two-for-one stock split…
30 April 2008 - MEXICO CITY | With a portfolio of 104 hotels and 19,042 guestrooms in fifty of the most sought after beach and city destinations throughout Mexico, Brazil, Argentina and Chile, Grupo Posadas has well established its positioning as Latin America’s leading hotel operator. After successfully launching seven…
SILVER SPRING, Md., April 30 /PRNewswire-FirstCall/—Choice Hotels International, Inc., (NYSE: CHH) today reported the following highlights for first quarter 2008: * Diluted earnings per share ("EPS") for first quarter 2008 increased 25% to $0.30 compared to $0.24 in the same period of the prior year. First quarter 2007 results included…
Madrid, Spain, 29 April 2008: Amadeus, a global leader in technology and distribution solutions for the travel and tourism industry, has signed a major agreement with international corporate services company, Hogg Robinson Group (HRG) to become HRG’s primary GDS partner in Switzerland, Austria and Lichtenstein. Amadeus will provide HRG with…
...This Year on Summer Vacations than in 2007 Survey Reveals How Americans Plan to Travel This Summer Dulles, Va., April 29, 2008 – According to a survey from AOL Travel and Zogby International, 57% of Americans feel they have less money to spend this year on summer vacations than they…
Tuesday 29 April 2008 - Queensland’s hospitality industries generated nearly $2.5 billion in 2007/07, according to figures released by the Australian Bureau of Statics today. This was a quarter of the national combined total from the catering services and restaurant and café sectors, which amounted to $13.7 billion. Queensland was…