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News on Luxury hospitality and gourmet restaurants

We publish here daily press releases about ultra-luxury and luxury hotels and gourmet restaurants. Good reading!
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Strong increase in earnings* in 2017 driven by robust business and very dynamic development

Strong increase in earnings* in 2017 driven by robust business and very dynamic development Business volume up 19% to €17.9 billionRevenue up 17.7% to €1,937 million (+7.9% LFL)EBIT up 23.9% to €492 million (+10.1% LFL)Net profit up 66.4% to €441 million301 hotels and 51,413 rooms openedSébastien Bazin, Chairman and Chief Executive Officer of AccorHotels, said:“AccorHotels’ earnings for 2017 mark another leap in performance, with excellent operating results and record development. The Group continues to benefit from positive market tren...

IHG - Preliminary Results for the year to 31 December 2017

Net system size of 798k rooms, up 4.0% (highest organic growth since 2009); 48k rooms added, 17k removed. Room signings of 83k, (highest for nine years) takes the pipeline to 244k rooms. ~45% under construction.Global comparable RevPAR growth of 2.7%, with 4.0% in Q4.
Keith Barr, Chief Executive of IHG, said:"We delivered a strong performance in 2017, with RevPAR growth of 2.7% and net system size growth of 4.0%. This has driven an 8% increase in underlying operating profit and a 22% increase in underlying EPS, and underpins our decision to raise...

Forbes Travel Guide announces 2018 Star Rating Awards

Field under: Worldwide - Events - Reward

199 Hotels Across the Globe Achieve Coveted Five-Star Award; 27 New Hotels Receive Top Honors for First Time Launching in 15 New Destinations, with the Largest and Most Diverse Group of Winners, Awards Continue Global Expansion into the Middle East and Africa.The Middle East Debuts with Four Five-Star, 21 Four-Star and Six Recommended Hotels; South America Earns Its First Five-Star Hotel.Forbes Travel Guide Celebrates Its 60th Anniversary In 2018; Forbes Travel Guide Announces Website Redesign.As it celebrates its landmark 60th anniversary, Forbes Trave...

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