SEOUL, Feb. 24 (Korea Bizwire) – Luxury international hotel chains are scrambling to expand their establishments in key districts of Seoul, on the back of increasing demand from local residents opting for overnight relaxation as well as the steady growth of foreigners, industry sources said Friday. Lotte Hotel Co., an affiliate of retail conglomerate Lotte [...]
SEOUL, Feb. 7 (Korea Bizwire) – With only a week remaining until Valentine’s Day, demand is soaring for restaurants and hotels, and, of course, the traditional chocolates. According to industry watchers, hotels started promoting special overnight packages a while ago, and many have already been sold out. Among the (luxury) hotel and restaurant options is [...]
SEOUL, Jan. 20 (Korea Bizwire) – Small but fully equipped and furnished rooms will begin accommodating passengers at South Korea’s Incheon International Airport, providing a private and comfortable place to rest at the bustling airport, the transportation ministry said Friday. The new capsule hotel opened Friday with 30 container-size rooms on each side of the [...]
TORONTO, Jan. 4 (Korea Bizwire) — Colliers International Group Inc. (NASDAQ:CIGI) (TSX:CIGI), a global leader in commercial real estate services, today announced the acquisition of Vision Asset Management Co. (“Vision”), one of Europe’s leading hospitality asset management companies. The business will be rebranded as Colliers International and integrated into the existing Hotel Property Services operation [...]
NEW YORK, Dec. 16 (Korea Bizwire) — trivago (Nasdaq:TRVG), a global hotel search platform, visited the Nasdaq MarketSite in Times Square today in celebration of its initial public offering (IPO) on The Nasdaq Stock Market. Photos accompanying this announcement are available at http://www.globenewswire.com/NewsRoom/AttachmentNg/dee03818-955a-4396-b97e-084b8af21406 http://www.globenewswire.com/NewsRoom/AttachmentNg/48306ab7-9c59-4a01-8b56-4cfd4b9662d6 http://www.globenewswire.com/NewsRoom/AttachmentNg/9c7806c2-9ba2-4e68-9f52-2fde7870ca1c trivago strives to be the traveler’s first and independent source [...]
SEOUL, Nov. 29 (Korea Bizwire) – The latest economic report by the Bank of Korea indicated that budget accommodations have grown increasingly popular this year on Jeju Island, one of the most popular holiday destinations in South Korea. According to the report, total hotel revenue increased by only 1.8 percent to 58 billion won ($49.5 [...]
BUSAN, Nov. 22 (Korea Bizwire) – A business hotel in Busan has attracted a lot of attention after promising free accommodations on the day that Korea’s troubled President Park Geun-hye steps down. At the front of the hotel entrance were two banners that read “President Park Geun-hye’s Resignation – Big Event – All Rooms Free [...]
SEOUL, Nov. 21 (Korea Bizwire) – A rising number of five-star hotels in Seoul are offering halal foods in their restaurants to attract Muslim guests, a small but growing market, industry officials said Monday. The local travel and hospitality industry has sought ways to enhance convenience for a growing influx of Muslim tourists on the [...]
SEOUL, Oct. 25 (Korea Bizwire) – Recent study data from the Ministry of Culture, Sports and Tourism has revealed that Seoul lacks mid-priced accommodations while the city has an excess supply of high-priced and budget hotels. The study focused on lodging installations in Seoul, divided into four price categories: high-priced (over 200,000 won, $175.80), mid-to-high [...]
SEOUL, Oct. 19 (Korea Bizwire) – Lower-priced meal sets have been gaining popularity at restaurants run by major South Korean hotels as more customers shy away from expensive meals following the implementation of a draconian anti-graft law, sources said Wednesday. The law, which took effect on Sept. 28, bans public servants, educators and journalists from [...]