TOPHOTELNEWS Quick Takes
Here’s a quick rundown of hot news items from around the world
Brussels hotel occupancy rates increase in 2018
End-of-year figures from the Belgian capital suggest that Brussels saw an increase in hotel occupancy rates in the last 12 months. An average rise of 5% meant that 74% of hotel rooms in the capital were full in 2018.
India’s Oxfordcaps to launch student dorms in 2019
Oxfordcaps is to tap into the dormitories market from May 2019 to cater to a growing student demographic that currently lacks sufficient accommodation. The dorms will offer smaller square footage at lower prices, and the company aims to have 10,000 beds operational by the end of the year.
Saudi Arabia to build 22 new islands in Red Sea
Saudi Arabia’s Red Sea Development Company is expected to develop 22 islands off the Kingdom’s coast. The development, which will include hotels, residences, an airport and entertainment and recreational facilities, will increase the Kingdom’s GDP by approximately $5.86 billion, create 70,000 jobs and provide first class amenities for visiting tourists.
IHG rebrands iconic Hong Kong hotel
The InterContinental Hong Kong is set to become the Regent Hong Kong, under a new rebranding proposal by IHG following their 51% purchase of Regent Hotels and Resorts. The property will be refurbished in 2020.
Let’s take a look at a few other projects currently underway around the world:
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#Brussels saw an increase in #hoteloccupancy rates in the last 12 months. An average rise of 5% meant that 74% of #hotelrooms in the capital were full in 2018
The #development of 22 islands with #hotels, #resorts expected to increase the GDP of #SaudiArabia by approximately $5.86 billion
Following their 51% purchase of #Regent Hotels and Resorts, #IHG is working on a new rebranding proposal for #TheInterContinentalHongKong #RegentHongKong
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