NH Hotel Group has agreed the extension of its 236 million Syndicated Revolving Credit Facility from September 2021 until March 2023 with all the lenders.
Hotel news in Europe
The next edition of the International Tourism Fair, FITUR 2021, will be held from the 19 to 23 May next year in Madrid (Spain) as decided by IFEMA and the FITUR Organising Committee.
Consistent and harmonized travel protocols, enhanced safety measures and the protection of jobs and livelihoods are the main ingredients needed for the restart of tourism. The Sixth meeting of the UNWTO Global Tourism Crisis Committee reminded participants of the need to work together as the only means of advancing the sustainable recovery of the sector.
Queensgate Investments and Rockwell has now been given the green light by the Greater London Authority (GLA) for the redevelopment of the Kensington Forum, to provide a world-class hotel and serviced apartment scheme alongside 62 genuinely affordable homes and substantial public realm improvements.
In a historic first, G20 Tourism Ministers hosted more than 45 CEOs and Members of WTTC, who presented their plan to save the embattled Travel and Tourism sector and 100m jobs globally.
As growing numbers of countries around the world ease restrictions on travel, the World Tourism Organization (UNWTO) has launched a new Tourism Recovery Tracker to support global tourism.
The EBRD and the World Tourism Organization (UNWTO) are joining forces to promote sustainable tourism, accelerate the transfer of climate finance and make green technologies more accessible for the tourism sector through the Bank online shopping-style platform Green Technology Selector.
The majority of Global Business Travel Association (GBTA) companies expect their employees to return to in-person events in 2021.
As restrictions on travel begin to ease globally, destinations around the world are focusing on growing domestic tourism, with many offering incentives to encourage people to explore their own countries.
Preferred Hotels & Resorts has announced 13 new member hotels from May 1 through August 31, 2020. These recent additions mark 39 new member hotels to join the its global portfolio in the first 8 months of the year
Varde Partners, a global alternative investment firm, has announced the successful completion of its previously announced sale of a portfolio of eight luxury hotels operating under The Dedica Anthology brand to Covivio, a European real estate operator, through its subsidiary Covivio Hotels.
A staggering €48 billion looks set to be lost from the French economy due to the collapse of international travel during 2020, according to the World Travel & Tourism Council (WTTC).
A devastating €38 billion looks set to be lost from the German economy due to the collapse of international travel during 2020, according to latest research conducted by the World Travel & Tourism Council (WTTC).
A devastating €36.7 billion looks set to be lost from the Italian economy due to the collapse of international travel during 2020, according to latest research conducted by the World Travel & Tourism Council (WTTC).
A staggering 22 B pounds looks set to be lost from the UK economy due to the collapse of international travel during 2020, according to the World Travel & Tourism Council (WTTC).
Swiss-Belhotel International continues to expand its management in response to the market and the impact of Covid-19
The enormous toll of COVID-19 on international tourism has now become clear, with World Tourism Organization (UNWTO) data showing the cost up to May was already three times that of the 2009 Global Economic Crisis.
Adif, Spanish state-owned railway infrastructure manager, has launched the tender for the development, construction and operation of a new hotel at the María Zambrano railway station in Malaga city.
Radisson Hotel Group announces 15 new hotel signings across EMEA in Q2 2020. The new signings re-affirm the Group commitment to its ambitious 5-year development plan.