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Brazil · BrazilAccor reported first half revenues up 5.1% in the first six months of 2025, though currency fluctuations dampened profits to the tune of EUR21 million. Revenues hit a record of EUR2,745 million for the half year, with luxury and lifestyle properties accounting for much of the uplift. However, the Brazilian real fell 13% against the Euro, while both the Australian and Canadian dollar currencies were 4% weaker. In total, these shifts knocked EUR…Read Article
Strong first half of 2025 for Accor
Sweden · SwedenPartners L+R Hotels, and Midstar AB, have jointly launched a new hotel investment platform, to target opportunities across the Nordics. Named LR Midstar Holdings, the new venture has started life with an initial equity backing of EUR600 million. The funds will be spent acquiring hotels across Sweden, Denmark, Norway and Finland that could benefit from enhancement or an upgrade and rebranding. Building a Nordic hotel portfolio In addition to the …Read Article
New Scandinavian fund launched
India · IndiaHotels across Asia Pacific and EMEA boosted second quarter results for Marriott, offsetting softness in some segments of the US market. International revpar was up more than 5%, while US and Canadian hotels delivered a flat performance, at similar levels to the second quarter of 2024. Lower levels of government travel, and softer business transient demand were blamed. Growth the driver of the business Reported operating income for the group was …Read Article
