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InterContinental
Plans Hotel Sale Worth US$ 1.3 Billion
Intercontinental Hotels is planning to shed properties worth £750
million (US$1.3 billion) to help it recover from three years of
falling hotel bookings.
Jakarta’s
Occupancy Down 20 Per Cent
The occupancy at top-tier hotels in Jakarta has fallen by about
20 per cent following the bomb blast in front of the Australian
Embassy recently.
Accor
To Double Mercure Properties In Asia In Three Years
To ride on the travel buzz created by budget carriers in Asia, Accor
is expanding its most flexible brand - Mercure, which it said would
be its ‘major growth engine for years to come’.
Cendant
Moves to Acquire Ramada From Marriott
Cendant Corporation’s Hotel Group and Marriott International
Inc. has announced the signing of a non-binding letter of intent
for Cendant to purchase Ramada International Hotels & Resorts,
primarily a franchised brand of 204 hotels representing 27,728 rooms
in 26 countries and territories.
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