ROMANIA The Ibis Styles Bucharest Erbaş hotel has opened in the Romanian capital with 80 rooms.
LATVIA Radisson Hospitality, part of the Radisson Hotel Group, has signed a contract to open the Radisson Riga, which is being developed in collaboration with the group’s long-term partner, Astor.
HUNGARY The CEE hotel market has been expanding rapidly over the last three years both in terms of hotel performance and transaction volumes due to growing numbers of tourists. Within the region, the Budapest hotel market has seen exceptional growth, with its RevPAR growth [revenue per available room] outpacing the other large capital cities in the region, according to Colliers International's latest hotel market study.
CZECH REPUBLIC According to research be Colliers International and Hotelschool The Hague, despite many countries having recently introduced legislation to restrict the use of the hospitality service Airbnb, it continues to grow in five large European cities: London, Amsterdam, Berlin, Madrid and Paris.
RUSSIA Moscow hotels increased prices threefold over the June-July period, while in St Petersburg occupancy fell and rates increase by 30 pct.
POLAND The four-star Best Western Premier Kraków Hotel and the Best Western Efekt Express hotels in Kraków have just completed renovations.
POLAND Gwiazda Morza has established cooperation with Tacit Investment. The High Level Sales & Marketing brand was established as part of the cooperation.
LITHUANIA The Ibis Vilnius Centre has been opened.
EUROPE Russia had the third highest number of hotel rooms under construction in Europe at the end of July 2008, according to data published by hospitality market analysts STR.
POLAND The recently opened IBB Hotel Długi Targ in Gdańsk has fitted out several rooms with Home & You products.
CZECH REPUBLIC UBM Development has acquired Cukrovarnický palác [the Sugar Palace] on Senovažne náměstí in the historical centre of Prague.
CZECH REPUBLIC Domestic operators are gaining in competitiveness, Czech chain Pytloun Hotels will open on Wenceslas Square. The Czech hospitality market has been achieving above-average performance rates thanks to a steadily growing number of tourists. This has had a positive effect on hospitality properties whose yields ranging between 6 proc. and 7 proc. are noticeably higher than the yields in other commercial sectors, specifically retail, office and industrial. They are also attractive with rents guaranteed for a long time. As a result, converting office space into hospitality facilities is becoming a frequent choice among both domestic and international investors. Czech operators can compete with foreign ones quite capably and tend to be the preferred choice for hotel owners. Just about 14 proc. of the local market operators are international brands, according to Cushman & Wakefield’s report.
MACEDONIA Orbis Hotel Group has opened the first Mercure hotel in Macedonia: the Mercure Tetovo, in the northwest of the country.
RUSSIA Yit has been awarded a contract with LLC Novyi Vek, part of the Plaza Lotus Group, for the construction of the first phase of a hotel in south St Petersburg.
ROMANIA The Orbis Hotel Group, AccorHotels’ strategic partner in Eastern Europe, is to continue its expansion in Romania with the opening of Mercure Sibiu Airport.
POLAND Eurobuild CEE talked to Selina's Felipe Gedeón, new markets lead for Europe, about the strategy of the hospitality chain entering the Polish market. Selina, a chain that combines the style of boutique hotels with features characteristic of the social life of hostels, is to be launched in Poland and Hungary.
POLAND Capital Park Group has opened a hotel at ul. Lektykarska 4 in Gdańsk’s Old Town.
POLAND Work on the construction of the Molo Park aparthotel in Mielno has entered its final phase.
HUNGARY A total of 17 teams from ten countries took part in the Budapest Hackathon held by the AccorHotels group in Budapest.
ROMANIA AccorHotels strategic partner Orbis Hotel Group has signed a management agreement for an Ibis Styles hotel at Bucharest's Henri Coanda International Airport with ABS Holdings subsidiary Liwa Properties.
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