Ascott grows fund assets under management with the acquisition of two properties in France and Vietnam for SGD210 million through Ascott Serviced Residence Global Fund.
Hotel news in France
IHG Hotels & Resorts is expanding its Premium & Essentials Collections in France by openings two hotels, Crowne Plaza Nice - Grand Arenas and Holiday Inn Express Nice – Grand Arenas, in partnership with HPVA HOTELS.
Louvre Hotels Group plans to expand its portfolio in Saudi Arabia to 47 hotels by 2025, for a total of nearly 7,000 rooms, via its Campanile, Golden Tulip and Tulip Inn brands.
The Global Business Travel Association (GBTA) is calling for world leaders of the G7 countries to lead conversations for a seamless return of international travel to boost the global economic recovery.
Canopy by Hilton, Hilton lifestyle hotel brand, announced the opening of Canopy by Hilton Paris Trocadero, the first for the brand in France.
WTTC Data Shows U.S. Maintains Position as Biggest Travel & Tourism Market Despite Suffering 41% Slide in GDP
Latest data from the World Travel & Tourism Council shows the U.S. maintained its position as the largest global Travel & Tourism market, despite suffering a huge 41% fall in GDP last year.
WTTC research reveals Travel & Tourism sectors contribution to Frances GDP dropped by EUR103 billion in 2020
The World Travel & Tourism Council’s annual Economic Impact Report reveals the dramatic impact COVID-19 had on France’s Travel & Tourism sector, wiping out €103 billion from the nation’s economy.
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).
Accor is stepping up its ambition in the lifestyle sector with TRIBE, a rapidly expanding midscale brand, which is exceeding initial expectations and planning to open more than 50 hotels globally.