First it was the airlines, now it's the turn of hotels to take the budget concept into the mainstream. Demand is surging for cheaper hotel rooms, not just from thrifty tourists but also from business travelers in search of value. And budget brands are responding to the demand with ambitious expansion plans.
European shares ended strongly for the second straight session on Wednesday, with a key benchmark hitting its highest closing level in two weeks, but volume was stifled by a U.S. holiday.
French hotel group Accor SA on Wednesday announced further shake-up, including a strategic review of the Red Roof Inn chain in the U.S. and a significant expansion in emerging markets, as it unveiled a forecast- beating 54% rise in first-half profit.
In an effort to take out the pain of waking up, hotels are introducing simpler alarm clocks designed to be more user-friendly, according to a published report Monday.
First it was the airlines, now it's the turn of hotels to take the budget concept into the mainstream. Demand is surging for cheaper hotel rooms, not just from thrifty tourists but also from business travelers in search of value. And budget brands are responding to the demand with ambitious expansion plans.
European shares ended strongly for the second straight session on Wednesday, with a key benchmark hitting its highest closing level in two weeks, but volume was stifled by a U.S. holiday.
French hotel group Accor SA on Wednesday announced further shake-up, including a strategic review of the Red Roof Inn chain in the U.S. and a significant expansion in emerging markets, as it unveiled a forecast- beating 54% rise in first-half profit.
In an effort to take out the pain of waking up, hotels are introducing simpler alarm clocks designed to be more user-friendly, according to a published report Monday.
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