Investors circle as Cork City players, staff take 70% pay cut

 28.08.2008 01:41   breakingnews.ie

A number of investors are talking to Cork City FC after the club's players and staff agreed to a massive 70% pay cut as the club tries to clear debts of €1.3m.

Ireland Sports

Horse Sport Ireland to discuss Lynch doping controversy

 28.08.2008 01:41   breakingnews.ie

The board of Horse Sport Ireland is due to meet today to discuss the fallout from the doping controversy that hit the Irish team at the Beijing Olympics.

Ireland Sports

Uncertainty still surrounds venue for Georgia clash

 28.08.2008 01:41   breakingnews.ie

The venue for Ireland's upcoming World Cup qualifier against Georgia remains shrouded in uncertainty this morning.

Ireland Sports

Senderos delighted at Milan switch

 28.08.2008 01:41   breakingnews.ie

Philippe Senderos has described his loan move from Arsenal to AC Milan as a “dream come true”.

Ireland Sports

Spielberg still at helm of first 'Tintin' movie

 28.08.2008 01:41   breakingnews.ie

Steven Spielberg insists he is still in the director's chair for the first outing of the eagerly awaited 'Tintin' franchise - despite the studio who owns the comic strip's copyright insisting moviemaker Peter Jackson is at the helm of the debut big screen venture.

Ireland Recreation & Entertainment

U2 is not enough to close Obama's TV deal

 28.08.2008 01:41   atu2.com

To the continuing chagrin of the newspaper racket, the majority of people here and in the United States get most of their information from TV. Television moulds their impressions and firms up their views on politics, politicians and any old issue you can name. Tonight at the Democratic National Convention (multiple channels, starting at 7 p.m.; Barack Obama's speech at 10 p.m.), Barack Obama sells himself to the vast U.S. audience that needs to know more about him.

Ireland Rock Music

Lviv Launches Construction Of Stadium For Euro 2012

 28.08.2008 01:41   ukranews.com

Lviv city council representative told this to Ukrainian News.

Ukraine Social Life

Dynamo-Kyiv, Shakhtar-Donetsk Enter Champions League Group

 28.08.2008 01:40   ukranews.com

On August 27, Dynamo again beats Spartak FC, Moscow, 4:1.

Ukraine Politics

IHG to open first Holiday Inn Hotel in Vietnam in 2012

 28.08.2008 01:40   hsyndicate.com

IHG (InterContinental Hotels Group) has signed an agreement with MBLand (Military Bank Land) to manage the Group's first Holiday Inn Hotel in Vietnam's capital city of Hanoi. Scheduled to open in 2012, the new hotel, with more than 300 rooms, will be known as Holiday Inn Hanoi Dong Da and will be part of a mixed-development complex with an upmarket retail and commercial centre.

Netherlands Hotels, Restaurants & Cafes

Marriott International Plans Three More Courtyard by Marriott Hotels for France

 28.08.2008 01:40   hsyndicate.com

Marriott International (NYSE:MAR) plans to open three additional upper-moderately-priced Courtyard by Marriott hotels in France over the next 36 months. They are the: 150-room Courtyard by Marriott St. Denis Pleyel, in suburban Paris and scheduled to open in 2009 | 170-room Courtyard by Marriott Arcueil in suburban Paris and planned to open in 2010 | 210-room Courtyard by Marriott Marseille Euromed Center, slated for opening in 2011.

Netherlands Hotels, Restaurants & Cafes

 28.08.2008 01:40   hsyndicate.com

Solid first-half revenue performance: up 5.2% like-for-like(1), up 11.8% in Services and up 5.1% in Hotels | Improvement in operating margin: 0.8 points like-for-like, particularly a strong increase in Services (up 1.1 pt) | Operating profit before tax and non-recurring items: EUR393 million, up 16.0% like-for-like and 25.0% like-for-like and excluding the impact of the return to shareholders | Sharp improvement in profitability: ROCE(2) of 14.5%, vs. 12.8% at June-end 2007 | Full-year target for operating profit before tax and non-recurring items: between EUR910 million and EUR930 million, up 16.0% like-for-like and excluding the impact of the return to shareholders.

Netherlands Hotels, Restaurants & Cafes

What's In the Stars? (Russian 5-star hotels don’t compensate better than their 4-star counterparts) | By Tatiana Veller and Ekaterina Gil | HVS International

 28.08.2008 01:40   hsyndicate.com

In our most recent article on management packages we noted that the Executive Committee members in 4- and 5-star hotels in Moscow and St.-Pete's were compensated, on average, significantly better in 2007 than in 2008. The average change in their base salaries was 18% across all positions. Most likely, this is directly tied to the overall better performance of the hotel properties under international management: better economic conditions in Russia and rising inflow of FDI increase the volume of business travel to the country, which in turn strengthens the "seller's market" situation in room supply and helps increase the rates.

Netherlands Hotels, Restaurants & Cafes

Hilton Hotels Corporation Makes $3 Million Commitment to Annual Scholarship Fund

 28.08.2008 01:40   hsyndicate.com

Hilton Hotels Corporation (“Hilton”), presented to CollegeBound Foundation the first installment of a $3 million 15 year commitment towards the Hilton Baltimore Convention Center Hotel Scholarship Fund at the Hilton Baltimore’s official opening and ribbon cutting ceremony. The $200,000 check was presented to launch the program increasing educational opportunities for students in Baltimore to pursue a career in the hospitality industry.

Netherlands Hotels, Restaurants & Cafes

Beijing hotel rates, revenue spike during 2008 Olympic Games | STR Global reports

 28.08.2008 01:40   hsyndicate.com

A study of daily hotel performance by STR Global shows significant rate and revenue spikes in Beijing during the 2008 Olympic Games as the city posted an occupancy rate of 88.47 percent during the event. Secondary host cities Hong Kong and Qingdao experienced RevPAR declines. “Beijing’s hoteliers benefited hugely from the Olympic Games, reporting a tripling in average room rates,” said James Chappell, Managing Director of STR Global. “However, with the increased supply in the city, it will be interesting to see how the legacy of the Games will impact the city in the future.”

Netherlands Hotels, Restaurants & Cafes

European Chain Hotels Market Review | July 2008 | TRI Hospitality Reports

 28.08.2008 01:40   hsyndicate.com

July was a mixed month for European chain hotels, with year-on-year profit growth in half of the cities surveyed by TRI Hospitality Consulting’s latest HotStats report. Income before fixed charges (IBFC) – also known as gross operating profit – increased in Budapest, Hamburg, London, Munich and Paris. The German cities of Munich and Hamburg stood out as the only markets to report a year-on-year increase in demand. In Munich, the sample of four and five-star international chain hotels reported average occupancy up by 1.3 percentage points to 82.1 per cent, the second highest in the survey.

Netherlands Hotels, Restaurants & Cafes