Business Watch
Russia is about as attractive to tourists as Saudi Arabia according to the results of a new report by the World Economic Forum released on Thursday.
IHG (InterContinental Hotels Group), one of the world’s leading global hotel companies, has signed a franchise multiple development agreement (MDA) with Regional Hotel Chain, a portfolio company of VIY Management (VIYM) to develop 15 new hotels in Russia by 2019, which, when open, will double the size of IHG’s estate there as it stands today, and will introduce the Holiday Inn Express brand to the region for the first time.
The 15 new Holiday Inn Express hotels will add approximately 2,250 rooms, when signed, to IHG’s current Russia development pipeline of over 1,700 rooms (5 hotels).
The third Kempinski Hotel in Russia, and second in Moscow is scheduled to open in March 2013. Hotel Nikol’skaya Kempinski Moscow, is located at St. Nikol’skaya 12 in the heart of Moscow and will open in March of 2013.
Budget airline Cebu Pacific, airline-base in Philippines, is seeking the Civil Aeronautics Board’s (CAB) approval of its plan to fly to Sydney and Melbourne in Australia, and Moscow in Russia by 2014.
The number of Russian tourists visiting Hungary has increased by 30%. Budapest has remained the most popular city of this destination.
Features Speakers from JPMorgan Chase, Zurich Insurance Services & Vlastuin Group. The Object Management Group (OMG) and the Business Architecture Guild are excited to announce the European Business Architecture Innovation Summit: a two-day practitioner-focused event on June 18th and 19th, 2013 in Berlin, Germany. The Summit brings together practitioners and industry experts to share business architecture best practices, deployment strategies and real life experiences.