Generally, the German hotel market developed positively in the first half year 2008. Overall, the rooms yield (revenue per available room) of the recorded hotels in Germany increased by 5.6 % to € 59.52 compared to the same period last year. This was mainly driven by a 5.7 % increase in AARR to € 94.17. Particularly city- and airport hotels were hereby a crucial factor with an increase of ...

Belarus, the last European country with centrally planned economy, starts to get the attention of international hotel chains and investors. Although all land in this still rather isolated country is publicly owned, it seems to be finally possible for hotel chains to enter the market – linked with a bunch of considerable obstacles, though. Hyatt, as one of the first international hotel groups, ...