The UAE and Saudi Arabia big drivers for the InterContinental Hotels Group, the world's largest hotel by number of rooms. Richard Solomons, the firm's CEO, discusses the drivers of regional demand, and why Africa is not on his priority list.» Read More
The UAE and Saudi Arabia big drivers for the InterContinental Hotels Group, the world's largest hotel by number of rooms. Richard Solomons, the firm's CEO, discusses the drivers of regional demand, and why Africa is not on his priority list.
Global hotel brands' aggressive expansion in the Arabian Gulf is helping to drive profits and offset markets hit by the Arab uprisings, hotel group CEOs told CNBC.
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May 3- InterContinental Hotels Group PLC:. *Morgan Stanley raises price target to 2300 p From 2200 p; rating overweight. For a summary of rating actions and price target changes on European companies: Reuters Eikon users, click on RCH/ EUROPE Reuters 3000 Xtra users, double-click RCH/ EUROPE Reuters Station users, click. 1580.
M&C, with 100 hotels globally, on Thursday said trading in Asia, where it makes 40 percent of its revenue, had suffered from slower growth in China, falling tourist numbers in South Korea and a host of problems in its biggest market, Singapore.
May 1- InterContinental Hotels Group PLC:. *Numis raises to add from hold; raises price target to 2100 p. For a summary of rating actions and price target changes on European companies: Reuters Eikon users, click on RCH/ EUROPE Reuters 3000 Xtra users, double-click RCH/ EUROPE Reuters Station users, click. 1580.
April 30- InterContinental Hotels Group PLC:. *JP Morgan raises target price to 1950 p from 1860 p; rating neutral. Reuters Station users, click. 1580.
*Colony's Bazin says wants Accor to be a hotel leader. PARIS, April 25- Accor's new management vowed to speed up the hotel group's transformation on Thursday, as it tried to assuage opposition at the annual meeting to the influence of its activist shareholders.
Holiday Inn Express plans to bring back its popular "Stay Smart" ad campaign and add new, healthier breakfast options and upgraded bathroom amenities to lift their brand.
Hotel chains are expanding in China as its growing middle class fuels demand for domestic travel and lodging. But is the sector too hot?
The 287-room Lemon Tree Premier hotel at Delhi's Indira Gandhi International Airport features a dramatic view of planes landing and taking off, but it has no guests to see them.
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Road warriors rejoice! InterContinental Hotels Group will offer free Wi-Fi to all its loyalty program members in 2014, a perk more travelers demand.
A few stocks still hold value, C.T. Fitzpatrick of Vulcan Value Partners says.
March 13- Online travel agency Priceline.com' s $1.8 billion deal to acquire smaller rival Kayak Software Corp, which was expected to close this month, will be delayed due to a prolonged review by UK antitrust regulators. Ascendiant Capital Markets analyst Edward Woo said the delay could be because of the OFT's 2012 investigation of online travel agencies.
Starwood's CEO sat down with CNBC to discuss their loyalty program, as the industry makes changes.
NEW YORK, Jan 16- Healthy hotels, wellness tourism and the holistic medicine system Ayurveda are expected to be the among the top spa trends in 2013, according to a report that tracks the $73 billion global industry.