Revitup.direct, in collaboration with OTA Insight, will be presenting “The Power of Data for Hotels” at three locations on Crete.
A report from STR reveals Europe’s hotel industry’s improved but low performance, according to July 2020 data.
Accor Hotels shares fell 3.59 percent on news of the Europe leading chain’s moderate return to profitability. Accor, the sixth largest hotel chain in the world, has recently recorded a net profit of some €34 million euro.
Good news in the hospitality sector, at least for Starwood Hotels & Resorts Worldwide, Inc., first quarter earnings exceeded Wall Street expectations. According to RevPAR, performance of Starwood same-store hotels grew worldwide by some 3.4 percent.
On Thursday, Starwood Hotels & Resorts Worldwide announced their Q4 earnings had declined blaming growth in Europe and rising costs for the reduced revenue. The company’s net income fell to $142 million, 0.72 cents per share, about 0.7 cents beneath investor expectations.