European Stocks Drop for Third Day; Safran Puma Lead Declines
The News Review:
- European Stocks Drop for Third Day; Safran Puma Lead Declines
- Priceline.com Incorporated Q4 2008 Earnings Call Transcript
- Accor Hotels in Thailand offering huge discounts
- W Hotels Announces W Paris-pera
European Stocks Drop for Third Day; Safran Puma Lead Declines
Bloomberg -
The company said fourth-quarter profit fell 79 percent missing analysts? estimates. Millennium & Copthorne Millennium & Copthorne which operates more than 120 hotelsworldwide tumbled 17 percent to 190 pence. Demand for hotelrooms weakened in all regions Millennium said as it wrote downthe value of some Asian hotels to reflect political turmoil inThailand and overcapacity following the Beijing lympics. the world?s biggest mining company slid2. 2 percent to 1153 pence as lead nickel and tin declined inLondon. il traded at $35 a barrel in New York on speculationthat U.
Priceline.com Incorporated Q4 2008 Earnings Call Transcript
Seeking Alpha NY -
ur international business had a good quarter with 28% gross bookings growth on a local currency basis despite a substantial decline in hotel average daily rates. International gross bookings benefited from growth in new markets and results from Agoda the Asia hotel reservation business we acquired in November 2007 which added gross bookings of $37 million in the quarter. Agoda was able to achieve good growth rates despite a weakening Asian economy and civil unrest in Thailand which materially dampened fourth quarter travel demand in Agoda?s largest destination market. com continued to build its supply platform worldwide with a hotel count that now exceeds 60000 hotels in over 70 countries. We also continue to invest in distribution in all of our online channels and recently announced an agreement to provide hotel booking services to Ryanair one of Europe?s largest low fare airlines. Agoda has made substantial improvements to its direct hotel supply website functionality and infrastructure which should help with conversion and brand building in 2009.
Accor Hotels in Thailand offering huge discounts
Car Rentals UK -
Discounts of up to 75 per cent will be offered at 300 Accor hotels throughout the region for stays from 1 April through 31 July when bookings are made on the Accor Hotels website. Each of the participating countries has set a single nightly sale rate per room with Thailand?s rate set at Bt1340 ? approximately US$38. swald Pichler the vice-president for Accor Hotels in Thailand Cambodia and Laos commented that the sale should provide a major stimulus for tourism in Thailand which is one of the region?s most popular destinations. Accor has 32 properties in Thailand participating in the sale. comSpread the word:These icons link to social bookmarking sites where readers can share and discover new web pages.
Related from Unitedcrueltyofbenetton: Discounts with a difference!
W Hotels Announces W Paris-pera
Hotel Interactive Inc. NY -
The firm acquires and develops hotel real estate in both urban and resort markets and partners with the world?s leading international hotel brands. Meridia Capital Hospitality I is Meridia Capital Partners? first fund and was closed in early 2007 with equity of ?150 million. Meridia Capital currently owns properties in Santiago (Chile) Paris and Thailand. For further information please visit www.
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