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 [...]
ORLANDO, Fla., Sept. 26 (Korea Bizwire) — Hard Rock is aiming to heal the world, one music note at a time. Since opening in 1971, Hard Rock International has been committed to two consistent brand pillars— music and philanthropy. Hard Rock International is combining these two passions with the launch of the Hard Rock Heals [...]
SEOUL, Sept. 9 (Korea Bizwire) – Mobile commerce is rapidly changing the way people are reserving hotel rooms amid the growing popularity of “time commerce” apps, industry officials said Friday. It’s apparently a win-win business model for consumers and hotels, timed with the spread of the view that hotels are not just a place to [...]
SEOUL, Aug. 1 (Korea Bizwire) – The summer holiday season is at its peak, but not everyone has the time or money to jet off to overseas holiday destinations, let alone domestic beaches or tourist attractions. The young are feeling the pinch the most. High unemployment and stiff competition for jobs leaves little leeway for [...]