Worldwide briefing
Essential news from around the world…
No Mickey Mouse results for Disney
Euro Disney's hotel revenues increased by 4.8% in the six months ending 31 March to €172.1m (£106.8m), compared with the same period last year. The theme park has seven themed hotels with over 5,800 rooms. Revenues for the Disneyland Paris park as a whole increased by 4.2% to €420m (£260.6m).
Olympic dream over for Sydney
A post-Olympic hangover saw occupancy in Sydney hotels fall by 4% in the first three months of 2001 compared with the same period last year. The Hotel Industry Benchmark Survey for Australia, published by consultants Andersen, also said occupancies in the Sydney suburbs fell by 15%. Brisbane had the top results with a 10% growth in occupancy and 7% growth in room yield.
Compass given Selecta go-ahead
Compass has been given clearance by competition authority the European Commission to buy Swiss contract caterer and vending firm Selecta for nearly £344m. The deal should go through by the end of May.
Accor announces three Tunisia resorts
Accor has announced it is to build three new hotels in Tunisia. These will be a Sofitel in Djerba, a Novotel airport hotel in Tunis and the Sofitel Palais des Congres in Tunis. All are set to open by 2006. Accor already has nine hotels in Tunisia.
Property agent Jones Lang LaSalle has highlighted Beijing and Shanghai's five-star hotel markets as potential investment opportunities in a new report. Revenue per available room (revpar) in Beijing rose by 13.7% to £49 for five-star hotels during 2000. Shanghai's five-star revpar rose by 17% to £50.
