In Europe, the total Construction Pipeline at year-end 2013 stood at 734 projects/126,249 rooms, down 5% and 1% respectively from year-end 2012. Pipeline growth has been sluggish as widespread austerity measures have slowed the region's overall economic recovery. Many countries reported, however, that 4th Quarter economic activity was the highest in three years.
The school, which defines itself as a 'boutique of excellence,' offers EI's 12-course programs in hospitality management and food and beverage management, as well as the 16-course 'dual diploma.'
Located in an area peppered with iconic buildings, fashion brands, film references and nightlife spots, the hotel is the boutique brands second property in Spain, alongside Hotel Indigo Barcelona Plaza Catalunya which opened in 2012.
The month of February saw mixed results. At the national level, occupancy and average rates dropped slightly, without, however, entirely collapsing. The Luxury segment was the only one to stay on course, posting positive results. Paris - usually spared from downturns - did not manage to escape during February. Conversely, other destinations benefited from bright spells, giving rise to contrasted results.
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