Showing 1 to 12 of 16 results
Mitsis Hotels Reports Significant Revenue and Profit Growth in 2024
Mitsis Hotels Group reported a 10.6% revenue increase to €90.93 million in 2024, with profit before interest and taxes reaching €29.56 million compared to €11.38 million in 2023, reflecting strong performance across its diverse hotel portfolio in Greece.
Mitsis Hotels Reports Significant Revenue and Profit Growth in 2024
Mitsis Hotels Group reported a 10.6% revenue increase to €90.93 million in 2024, with profit before interest and taxes reaching €29.56 million compared to €11.38 million in 2023, reflecting strong performance across its diverse hotel portfolio in Greece.
Progress
24% Bias Score
Greece's Tourism Boom: Luxury Rise, Budget Hotel Decline
In Greece, over the past 15 years, an average of two lower-category (one- and two-star) hotels have closed weekly, totaling 1,538 closures, while 450+ new four- and five-star hotels have opened, fueled by €12 billion in investments over five years.
Greece's Tourism Boom: Luxury Rise, Budget Hotel Decline
In Greece, over the past 15 years, an average of two lower-category (one- and two-star) hotels have closed weekly, totaling 1,538 closures, while 450+ new four- and five-star hotels have opened, fueled by €12 billion in investments over five years.
Progress
44% Bias Score
Spain's Tourism Sector Shows Strong Growth Amidst Global Uncertainty
Despite global economic uncertainty, Spain's tourism sector thrives with a 5% average price increase, a 6% rise in revenue per occupied room, and a 5% increase in travelers, driven by improved air connectivity and advanced bookings; however, a challenge remains in balancing tourism growth with the n...
Spain's Tourism Sector Shows Strong Growth Amidst Global Uncertainty
Despite global economic uncertainty, Spain's tourism sector thrives with a 5% average price increase, a 6% rise in revenue per occupied room, and a 5% increase in travelers, driven by improved air connectivity and advanced bookings; however, a challenge remains in balancing tourism growth with the n...
Progress
44% Bias Score
Spain's Hotel Boom: Prices Soar, but Stays Shorten
Spain's hotel industry shows a remarkable recovery, with average room rates reaching €117.9 in May, a 5.7% annual increase, while overnight stays slightly decreased by 0.4% compared to the previous year.
Spain's Hotel Boom: Prices Soar, but Stays Shorten
Spain's hotel industry shows a remarkable recovery, with average room rates reaching €117.9 in May, a 5.7% annual increase, while overnight stays slightly decreased by 0.4% compared to the previous year.
Progress
40% Bias Score
\"Athens Hotel Boom Continues Despite Increased Room Supply\"\
Athens and Attica experience a surge in hotel prices and tourist arrivals in 2025 despite a rise in hotel rooms, exceeding expectations with 67.3% occupancy in the first four months and attracting significant investment, ranking 8th among European cities for hotel acquisitions according to CBRE.
\"Athens Hotel Boom Continues Despite Increased Room Supply\"\
Athens and Attica experience a surge in hotel prices and tourist arrivals in 2025 despite a rise in hotel rooms, exceeding expectations with 67.3% occupancy in the first four months and attracting significant investment, ranking 8th among European cities for hotel acquisitions according to CBRE.
Progress
52% Bias Score
CitizenM Founder Sells Majority Stake to Marriott for $355 Million
Rattan Chadha, an Indian entrepreneur based in the Netherlands, sold his majority stake in the CitizenM hotel chain to Marriott for at least $355 million this week, despite earlier valuations of $4 billion; he plans to remain active in business.
CitizenM Founder Sells Majority Stake to Marriott for $355 Million
Rattan Chadha, an Indian entrepreneur based in the Netherlands, sold his majority stake in the CitizenM hotel chain to Marriott for at least $355 million this week, despite earlier valuations of $4 billion; he plans to remain active in business.
Progress
48% Bias Score
Massive Data Breach Exposes 90,000 Hotel Guest Identity Documents
CERT-AGID, the Italian cybersecurity agency, has warned of a massive data breach affecting four Italian hotels, exposing nearly 90,000 high-resolution scans of guest identity documents, including passports and IDs, which are now being sold on the dark web.
Massive Data Breach Exposes 90,000 Hotel Guest Identity Documents
CERT-AGID, the Italian cybersecurity agency, has warned of a massive data breach affecting four Italian hotels, exposing nearly 90,000 high-resolution scans of guest identity documents, including passports and IDs, which are now being sold on the dark web.
Progress
40% Bias Score
Surge in Solo Travel Creates Challenges for German Hospitality
The number of solo travelers in Germany is at a record high (11.2% of all vacations in 2024, 7.63 million trips), driven by a rise in single-person households (42% in Germany, 35% in the EU), yet the hospitality industry often charges exorbitant surcharges (up to 100%) for single occupancy.
Surge in Solo Travel Creates Challenges for German Hospitality
The number of solo travelers in Germany is at a record high (11.2% of all vacations in 2024, 7.63 million trips), driven by a rise in single-person households (42% in Germany, 35% in the EU), yet the hospitality industry often charges exorbitant surcharges (up to 100%) for single occupancy.
Progress
52% Bias Score
Spring Hotels Acquires Mare Nostrum Resort in Record €430 Million Deal
Spring Hotels purchased the Mare Nostrum Resort in Tenerife from Brookfield for €430 million, the largest Spanish hotel asset transaction ever, adding over 1,000 rooms to their portfolio and marking significant growth.
Spring Hotels Acquires Mare Nostrum Resort in Record €430 Million Deal
Spring Hotels purchased the Mare Nostrum Resort in Tenerife from Brookfield for €430 million, the largest Spanish hotel asset transaction ever, adding over 1,000 rooms to their portfolio and marking significant growth.
Progress
28% Bias Score
Irongate Expands Portfolio with $66.5 Million Sydney Acquisition
Irongate, managed by Graeme Katz, purchased a $66.5 million refrigerated logistics facility in Sydney's Minchinbury from Barber Property Group, adding to its $5 billion portfolio, while EVT is selling its $300 million Sydney CBD property to focus on hotels, anticipating growth from the new airport o...
Irongate Expands Portfolio with $66.5 Million Sydney Acquisition
Irongate, managed by Graeme Katz, purchased a $66.5 million refrigerated logistics facility in Sydney's Minchinbury from Barber Property Group, adding to its $5 billion portfolio, while EVT is selling its $300 million Sydney CBD property to focus on hotels, anticipating growth from the new airport o...
Progress
28% Bias Score
Italian Hotel Occupancy Surges on International Tourism Boom
Italian hotel occupancy in 2024 reached 283,566,417 stays, exceeding 2019 levels despite a domestic tourism decline; this growth is driven by a significant increase in international tourists, who spent €54.2 billion in 2024.
Italian Hotel Occupancy Surges on International Tourism Boom
Italian hotel occupancy in 2024 reached 283,566,417 stays, exceeding 2019 levels despite a domestic tourism decline; this growth is driven by a significant increase in international tourists, who spent €54.2 billion in 2024.
Progress
36% Bias Score
Whitbread Profit Falls Despite Share Buyback Plan
Whitbread, owner of Premier Inn, saw a 14% fall in adjusted pre-tax profit to £483m for the year to 27 February due to higher costs and weaker UK bookings, but announced a £2bn share buyback plan.
Whitbread Profit Falls Despite Share Buyback Plan
Whitbread, owner of Premier Inn, saw a 14% fall in adjusted pre-tax profit to £483m for the year to 27 February due to higher costs and weaker UK bookings, but announced a £2bn share buyback plan.
Progress
36% Bias Score
Showing 1 to 12 of 16 results