Marriott says Middle East revenues up 11% in Q1
US hotel giant Marriott International has announced that its RevPAR (revenue per available room) rose by more than 11 percent in the first quarter of 2013.
The hospitality operator said the RevPAR increase was driven predominantly by a 4.1 percent growth in first
Seed fund helps businesses go online in Africa
The seed fund sum is a modest US$200,000 but it marks the slow but steady march of business going online in Africa. Sleepout.com attracted this seed funding from Amsterdam-based Africa Media Ventures Fund.It has already invested in EatOut.com and
Gloria Hotels & Resorts reveals expansion strategy
DUBAI-based hospitality chain, Gloria Hotels & Resorts generated phenomenal interest among trade professionals, hotel developers, investors and media during Arabian Travel Market 2013. Formed in 2010, this newly formed Hospitality
Standard Chartered Seeks to Double Africa Revenue Within 5 Years
The bank, which operates in 15 African countries, said income in 2012 from the Africa business was $1.6 billion, up 15% from the year before, with the bulk of that from its wholesale bank. It said its income from 10 of these countries saw double-digit income growth, including Kenya, where income rose 34% on the year, South Africa
