hospitality

New £400m London investment for ‘entertainment and hospitality’

A new £400m investment fund has been established for London, which will be used for the hospitality and entertainment sectors, as well as education and healthcare. The fund is established by Astarte Capital Partners, a global investment platform based across Europe, North America and Australia. The group says the focus of the fund is on transforming ‘prime infill and edge-of-prime real estate into...

hotel republic announces record £10.2m turnover

Hotel sales and marketing and representation company, hotel republic, has posted record turnover of £10.2m (US$13.10) its hotel conference portfolio for last year, including invoicing £1.2m in hotel fees alone. The agency also booked its biggest ever event worth £1.7m during the period, as well as 75,000 room nights which translated into £8.2m million for its Leisure hotel portfolio. Managing Dire...

RBH celebrates graduates from Pyramid talent programme

Pyramid, a talent development programme run by RBH, has celebrated the graduation of nine promising future hotel managers. The year-long programme had its graduation ceremony at Crowne Plaza London Dockland, in front of senior members of RBH management, and colleagues who mentored them throughout the year. Over the course of the programme, the candidates took part in a range of masterclasses, lear...

Airbnb a hotel help rather than a hindrance?

Helder Pereira, CEO of the UK’s leading independent hotel management company, RBH doubts whether Airbnb really is a threat to hotels.   Airbnb has grown substantially in recent years and now commands an estimated 22% of the market – making it larger than any individual global hotel group, and begging the question: what exactly is the impact of Airbnb on the hotel industry? Airbnb is both disr...

Philadelphia ranked number one in the US for hotel business

New data reports record-breaking growth for the hospitality sector in the Philadelphia region of the United States. The region has been ranked number one among the top 25 markets nationally in year-over-year growth in group demand. Total hotel room revenue of $332.2 and hotel occupancy rates of 79.5% both set modern day records for the first half of the year. Julie Coker Graham, CEO of the Philade...