The 5-star Radisson Blu will offer 320 rooms and apartments, five food & drink outlets, meeting space of 3,600m2 including two auditoriums, an outdoor swimming pool and terrace, a business center, a business class lounge, a 375m2 gym & spa area, tennis courts and a casino.
On a consolidated basis, Adjusted EBITDA increased $0.5 million year-over-year in the fourth quarter and $2.9 million, or 24%, in 2014
The improving economic and business travel backdrop will drive growth for the hotel sector in 2015 and 2016, according to PwCs latest European hotel forecast. This follows a good year for the hotel industry in 2014, as Europe attracted 20 million more international tourists than in 2013.
Where did it start? Was it the ice cream cone or Fredericks of Hollywood, who gave us that splendid concept of edible product enhancements and presented us with a proud 'green' consumer experience.
Both Dublin and Prague hoteliers achieved in January impressive year-on-year surges in gross operating profit per available room (GOPPAR) by 55.6% and 36.9% respectively, according to the latest data from HotStats.
From the International Hotel Investment Forum (IHIF) in Berlin, Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) today announced it is on track to open more than 40 new hotels and resorts across Europe in the next five years, expanding its portfolio by almost 30% with openings in both fast-growing and established markets.
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