Tag: ARR

Sri Lanka Tourism in crisis: Managing and seeking out opportunities

Srilal Miththapala - eTN Sri Lanka Srilal Miththapala - eTN Sri Lanka- June 11, 2019 23:55

The Rapid Response Team by Safertourism reached out to Sri Lanka tourism authorities including the minister of tourism and industry leaders within hours of the devastating terror attack on the ... Read More

Middle East & North Africa hotels: Occupancy surges, profits drop

Chief Assignment Editor Chief Assignment Editor- May 31, 2019 15:15

Occupancy levels at hotels in the Middle East & North Africa surged to 78.2 percent in April, but it was not enough to prevent profit levels falling for an eighth ... Read More

UK hotels suffer their largest profit decline since late 2016

Chief Assignment Editor Chief Assignment Editor- May 28, 2019 16:01

Hotels in the UK suffered their largest margin of year-on-year profit decline since late 2016, as ancillary revenues fell and costs soared in April, according to the latest data tracking ... Read More

Challenging start to 2019 for hotels in mainland Europe

Chief Assignment Editor Chief Assignment Editor- March 7, 2019 17:30

Profit per room at hotels in mainland Europe fell by 9.1 percent year-over-year in January—the largest margin of decline in this measure since August 2016—as revenues dropped and costs escalated, ... Read More

UK hotel profits drop due to rising costs

Chief Assignment Editor Chief Assignment Editor- February 28, 2019 22:15

Despite a 3.4-percent year-over-year increase in RevPAR in January, profit per room at UK hotels dropped by 2.6 percent due to rising costs, according to the latest full-service hotels tracking ... Read More

Indian Hotels Company continues to make waves in hospitality

editor editor- February 12, 2019 23:24

The Indian Hotels Company Limited (IHCL), a South Asia hospitality company, reported its consolidated and standalone financials for the third quarter and 9 months of the year ending December 31, ... Read More