Radisson Blu and Mulberry Development will create an international upper upscale hotel in Timisoara, the main social, economic and cultural hub in western Romania and the European Capital of Culture for 2021.
Deviation attributable to decreased earnings in the companys Swedish operations and non-recurring costs for central functions
Hotels in Munich reported positive year-over-year results during the month of December, according to preliminary data from STR. Occupancy increased 0.3% to 68.7%, ADR grew 4.9% to 118.24 ($143.47) and RevPAR saw a gain of 5.2% to 81.27 ($98.61).
IHG (InterContinental Hotels Group) has announced the signing of Hotel Indigo Venice - Sant'Elena. It is the third Hotel Indigo to be signed in Italy and will operate under a franchise agreement with H.n.H. Hotels & Resorts S.p.A.