Algbra Announces New World Group s Adam Sadiq To Its Board Of Directors menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
From left: Chris Pilgrim, Colliers managing director of global capital markets, Asia Pacific; Luke Dawson, Colliers head of global and EMEA capital markets; and Tang Wei Leng, Colliers head of capital markets and investment services, Singapore (Photo: Albert Chua/EdgeProp Singapore)In the Asia Pacific (Apac) region, real estate sector returns continue to be hampered by interest rate pressures on the cost of capital, says Colliers in its Nov 6 report on Apac 3Q2023 capitalisation (cap) rates. Ove
Business trends in Q2 2023 were solid in the Group s two divisions. Hotel demand from both leisure and business guests remained buoyant. This was shown by the improvement in occupancy rates and a sustained increase in average room rates.These results enable the Group to raise its full-year EBITDA guidance presented at the Capital Markets Day on June 27th, 2023.During first-half 2023, Accor opened 114 hotels, representing 14,500 rooms, i.e. net unit growth of 3.5% in the last 12 months. At end-June 2023, the Group had a hotel portfolio of 805,436 rooms (5,487 hotels) and a pipeline of 217,000 rooms (1,262 hotels).
Accor s Profit Soared on Rebound Across Regions and Hotel Types skift.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from skift.com Daily Mail and Mail on Sunday newspapers.