“Marriott, AC Hotels to provide lodging in Europe, Latin America” plus 2 more |
- Marriott, AC Hotels to provide lodging in Europe, Latin America
- New AC Hotels by Marriott Brand Formally Launches Joint Venture; Aims for Aggressive Growth in Europe and Latin America
- Research and Markets: PhoCusWright's U.S. Online Travel Overview Tenth Edition: Hotels & Lodging
| Marriott, AC Hotels to provide lodging in Europe, Latin America Posted: 20 Jan 2011 04:32 AM PST BETHESDA, Md. (AP) - Marriott International Inc. and Spanish hotel group AC Hotels are teaming up in a joint venture to manage and franchise a new lodging co-brand across Europe and Latin America. More than 90 AC Hotels in Spain, Italy and Portugal will be rebranded as AC Hotels by Marriott. The properties will also enter long-term management or franchise deals with the joint venture, the companies said Thursday. Marriott, based in Bethesda, Md., is looking to double its European portfolio over five years to 80,000 rooms. The AC Hotels by Marriott joint venture will have 9,100 rooms when it launches. The joint venture is targeted to close in the first quarter. (Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.) This entry passed through the Full-Text RSS service — if this is your content and you're reading it on someone else's site, please read our FAQ page at fivefilters.org/content-only/faq.php |
| Posted: 20 Jan 2011 03:12 AM PST MADRID and BETHESDA, Maryland, January 20, 2011 /PRNewswire/ -- Today the Spanish hotel group AC Hotels and Marriott International, Inc. formally announced their joint venture to manage and franchise a new lodging co-brand across Europe and Latin America - "AC Hotels by Marriott." (Logo: http://photos.prnewswire.com/prnh/20110120/PH32819LOGO ) At launch, over 90 existing AC Hotels in Spain, Italy and Portugal will be re-branded as AC Hotels by Marriott and enter into long term management or franchise agreements with the joint venture. Antonio Catalan, chairman and founder of AC Hotels said, "We are thrilled to be partnering with Marriott. The new AC Hotels by Marriott co-brand combines the strengths of both AC Hotels and Marriott International--AC Hotels´ exceptional product and expertise and the power of Marriott´s engines, global footprint and the power of its development organization. We see tremendous growth potential for AC Hotels by Marriott and will be aggressively pursuing development opportunities throughout Europe and Latin America." Amy McPherson, president and managing director of Marriott International in Europe, said, "Marriott could not ask for a better partner than the AC Hotels team. Antonio Catalan is an experienced, dynamic partner who understands this market and delivers an exceptional product, perfectly suited for the European lifestyle. We are thrilled with this opportunity to dramatically grow our presence in Spain, the 4th largest source market in Europe, and deliver a great new lifestyle product to our global customer." The 9,100-room AC Hotels by Marriott venture is a significant driver of Marriott´s European growth strategy. At launch, it will represent almost a quarter of the progress toward the company´s goal of doubling its portfolio in Europe over five years to 80,000 rooms. "AC Hotels by Marriott" will incorporate the concept and business model of AC Hotels´ urban lifestyle hotel product, characterized by a unique blend of quality, comfort, design and technology, with Marriott International´s global systems, distribution, and sales platforms, particularly Marriott Rewards, one of the world´s largest hospitality loyalty programs with 33 million members. The combination will permit Marriott´s customers access under the Marriott Rewards program to a portfolio of Spain´s leading business and urban-leisure hotels, enable AC´s guests to earn Marriott Rewards points for travel at Marriott branded hotels around the world, and provide both companies with a platform for future growth. The partners anticipate that the venture will close in the first quarter of 2011, after receipt of necessary consents and other remaining conditions have been satisfied. Starting May 2011, they expect that all AC Hotels by Marriott hotels will be bookable on Marriott.com. Marriott.com is the lodging industry´s most comprehensive website and the 7th largest online consumer retail site in the world. Visit Marriott International, Inc. for company information. For more information or reservations, please visit our web site at http://www.marriott.com, and for the latest company news, visit http://www.marriottnewscenter.com. About AC Hotels Founded in 1998 by Antonio Catalan, AC Hotels currently has a portfolio of over 90 hotels in ownership, leasing or management, in Spain, Italy and Portugal, encompassing more than 9,500 rooms and approximately 2800 employees. Among other accolades, the chain has been awarded with the Prince of Asturias Award for Business Excellence, Gran Hotel named it the best national hotel company in 2009 and has been chosen by the main business newspaper Expansion as the best Spanish hotel company to work. For more information please http://www.ac-hotels.com Note: This press release contains "forward-looking statements" within the meaning of United States federal securities laws, including statements about the expected timing for closing and the availability of booking on Marriott.com, the joint venture´s future operations, the size and geographic distribution of the future AC Hotels by Marriott hotel portfolio, and similar references to anticipated future events or expectations that are not historical facts. We caution you that these statements are not guarantees of future performance and are subject to numerous risks and uncertainties, including the ability of the parties to finalize definitive transaction documents, or any delay in or failure to obtain any necessary consent; any which could delay or prevent formation of the joint venture or cause "AC Hotels by Marriott" to operate differently than as described in this press release. These statements are made as of January 20, 2011, and the parties undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. Marriott International, Inc. This entry passed through the Full-Text RSS service — if this is your content and you're reading it on someone else's site, please read our FAQ page at fivefilters.org/content-only/faq.php |
| Research and Markets: PhoCusWright's U.S. Online Travel Overview Tenth Edition: Hotels & Lodging Posted: 20 Jan 2011 11:10 AM PST DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/d08854/phocuswrights_u_s) has announced the addition of PhoCusWright's new report "PhoCusWright's U.S. Online Travel Overview Tenth Edition: Hotels & Lodging" to their offering.
PhoCusWright's U.S. Online Travel Overview Tenth Edition: Hotels & Lodging provides an in-depth look at the current state of the U.S. hotel market and projects future performance, with market sizing and forecasting through 2012. The report reviews online travel trends, innovations and data crucial to understanding the dynamics of the hotel segment. Topics include online agencies versus hotel supplier websites, revenue management, the future of hotel search, mobile technology and more. The report also provides an overview of the U.S. online travel market. The economic future for the U.S. hotel industry shows promise, although there are some major underlying market-based uncertainties and opportunities. The hotel business recovery is being dampened by continued value-consciousness from both the business and leisure segments. Occupancy remains below prerecession levels, and corporate accounts and meeting planners still hold a viable bargaining position over rates for more than one third of U.S. hotel rooms and the lion's share of on-property spend. Hoteliers must also deal with intermediaries that have strengthened their balance sheets during the recession. Interchain and interproperty competition for market share remains intense in most U.S. markets. U.S. Travel Market Overview To put the segment-specific trends in perspective, this report includes a comprehensive overview of the total U.S. travel market. The robust "Overview" chapter includes market sizing and projections for the U.S. travel market through 2012, including breakouts for key online and offline distribution channels and all major travel segments. Purchase PhoCusWright's U.S. Online Travel Overview Tenth Edition: Hotels & Lodging to understand the current performance and future outlook of the U.S. lodging market. Key Topics Covered: Section One: Size and Structure of the U.S. Online Travel Market
Section Two: Hotel & Lodging: A Future of Uncertain Promise
LIST OF TABLES
For more information visit http://www.researchandmarkets.com/research/d08854/phocuswrights_u_s. This entry passed through the Full-Text RSS service — if this is your content and you're reading it on someone else's site, please read our FAQ page at fivefilters.org/content-only/faq.php |
| You are subscribed to email updates from Hotels and Lodging - Yahoo! News Search Results To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google Inc., 20 West Kinzie, Chicago IL USA 60610 | |
0 comments:
Post a Comment