Marriott International, Inc (NASDAQ:MAR) today announced plans to expand its Autograph Collection portfolio in Europe with exciting new additions in Zurich, Switzerland and Barcelona, Spain. Opening next year, the one-of-a-kind hotels will represent the debut of the exclusive portfolio of independent hotels in each city.
The Europe hotel development pipeline comprises 894 hotels totalling 142,704 rooms, according to the August 2014 STR Global Construction Pipeline Report.
Overall UK hotels are expected to see a 5.6% gain in RevPAR (revenue per available room) in 2015 (to £67.39), driven by a 4% rates growth (to £86.49) and a 1.6% increase in occupancy (to 78%). This is underpinned by a continued strong recovery in the Provinces as well as strong growth in London, especially next year.
The ASH, short for Antwerp Student Hostel, opens this week and has found its inspiration in the Japanese capsule hotels. After the airports of Amsterdam and London, and major cities as New York, Singapore and Moscow, this trending hotel concept has come to Antwerp in Belgium.
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