Start-up prizeotel currently operates 3 hotels with a total of 555 rooms in Hamburg, Hannover and Bremen.
UK payroll costs could rise by 45 per cent by 2020
The government is introducing the minimum living wage of £7.20 per hour (25 year olds and over) in April this year and operators will have to find a way of absorbing this increased cost.
2016 outlook for the global hotel industry is Stable
2016 outlook for the global hotel industry as Fitch expects global RevPAR growth will modestly decelerate to a healthy 3% to 5%.
G6 Hospitality breaks ground on new hotel in Salamanca, Mexico
Once completed, the new Estudio 6 will be the only hotel in the area to offer suite-type rooms with fully equipped kitchenettes, microwave, refrigerator, cable TV, internet and parking.
