MONTH IN REVIEW
MONTH IN REVIEW
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RESULTS
Accor revenues
jump 34.2% in Q1
2019
Accor has reported a 34.2% increase in
revenue to €987m (£854m) for the first
quarter of 2019, with like-for-like sales
(LFL) also up 8.8% during the period.
The hotel brand’s RevPAR increased
by 1.6%, with “mixed performances”
across its global portfolio. According
to the group, Europe remained
“resilient”, with a 3.3% increase in
RevPar, while Asia-Pacific was down
slightly at -20.6%. Accor anticipates an
“improvement of the momentum across
the year”.
During the first quarter, Accor
opened 71 hotels, representing 8,300
rooms. At the end of March 2019, the
group’s pipeline amounted to 1,135
hotels and 200,000 rooms.
Sébastien Bazin, chairman and CEO,
said: “In a turbulent macroeconomic
environment, the group’s first quarter
revenue performance highlights the
effectiveness of our transformation and
the soundness of our strategy.
“Europe remained strong, while
South America continued its robust
recovery. We achieved sustained
business development over the
period, in line with our medium term
objectives, and continued to strengthen
our pipeline, with an ever-increasing
share of luxury hotels, which generate
higher fees per room.”
I am so thrilled to be back
in Oxford especially at
Vanbrugh House Hotel as
it is such a lovely hotel
Cristina Raduica, GM, Vanbrugh House
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APPOINTMENTS
Vanbrugh House
Hotel appoints
new GM
Vanbrugh House Hotel, Oxford, has
appointed Cristina Raduica as the
hotel’s new general manager.
Raduica’s career in the hospitality
industry began when she moved to
the UK in 2012, having completed a
Masters Degree in marketing at the
Bucharest Academy of Economic
Studies. Progressing from receptionist
to assistant general manager, she has
gained “valuable experience” in a range
of areas of the hotel business.
The appointment marks Raduica’s
return to Oxford having previously
worked in the city between 2012 and
2015. More recently she has held the
role of assistant general manager at a
hotel in Buckinghamshire.
Raduica said: “I am so thrilled to be
back in Oxford especially at Vanbrugh
House Hotel as it is such a lovely
hotel. I am looking forward to taking
on the challenges that being a general
manager brings and working together
with the team to ensure that every
guest has the best experience possible.”
Stuart Bailey, CEO of Splendid
Hospitality who own the hotel, added:
“Cristina brings with her such a wealth
of knowledge and understanding of the
indu stry and we know she will be a
great asset to the hotel.”
The Grade-II-listed hotel features 22
rooms that are all based on characters
or things connected to Oxford.
Vanbrugh House Hotel, Oxford, has
appointed Cristina Raduica as the
hotel’s new general manager.
Raduica’s career in the hospitality
industry began when she moved to
the UK in 2012, having completed a
Masters Degree in marketing at the
Bucharest Academy of Economic
Studies. Progressing from receptionist
to assistant general manager, she has
gained “valuable experience” in a range
of areas of the hotel business.
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HOTEL OPENINGS
£10m Somerset
hotel opens to
guests
The Holiday Inn Express Bridgwater,
the result of an £10m investment by
owner, Zeal Projects, has officially
opened its doors to guests.
Managing director of Zeal Projects,
Tim Wheeldon, cut the ribbon to
mark the opening alongside the hotel
team – including general manager
Barnaby Kean.
Situated in the Regional Rural
Business Centre in Bridgwater, the
brand new hotel features 138 guest
bedrooms, a bar and restaurant,
two meeting rooms and on-site car
parking. The hotel is also managed
by independent hotel management
company, RBH.
Neil Taylor, COO at RBH, said: “We
are proud to mark the launch of Holiday
Inn Express Bridgwater – the first of five
new hotel openings this year for RBH.
Our reputation for operating properties
under the Holiday Inn Express brand
speaks for itself.
“With almost 20 counted within our
growing portfolio, I am confident that
Holiday Inn Express Bridgwater will
go from strength to strength now it is
welcoming guests.”
Wheeldon added: “I’m thrilled to
see Holiday Inn Express Bridgwater
officially open its doors to guests. We
have worked exceptionally hard along
with our partners to ready the city’s
largest hotel, and the fruits of our
labour are clear to see. I look forward to
the journey ahead.”
May 2019