Menu
01/03/2002
Signs of recovery for Hilton group of hotels
International hotel group Hilton has revealed that trading in its hotels has started to recover following the September 11 terrorist strikes on the United States.
Trading at its numerous worldwide hotel's were hit by a slump in trading as a result of a fall in international travel following the attacks.
Over the year ending December 31, 2001 profits at Trade International division fell 17 per cent to £221.4 million when stripping out profits from its Scandic Hotels, which it bought in June.
However, the company said that following the difficult trading conditions post September 11 signs were encouraging for the hotel group in 2002.
Hilton said occupancy levels were expected to return to levels seen last year by the second half of 2002 with an opportunity to beat last year in the fourth quarter and that 2003 would see a return to "the buoyant levels seen in 2000".
(MB)
Trading at its numerous worldwide hotel's were hit by a slump in trading as a result of a fall in international travel following the attacks.
Over the year ending December 31, 2001 profits at Trade International division fell 17 per cent to £221.4 million when stripping out profits from its Scandic Hotels, which it bought in June.
However, the company said that following the difficult trading conditions post September 11 signs were encouraging for the hotel group in 2002.
Hilton said occupancy levels were expected to return to levels seen last year by the second half of 2002 with an opportunity to beat last year in the fourth quarter and that 2003 would see a return to "the buoyant levels seen in 2000".
(MB)
Related Northern Ireland Business News Stories
Click here for the latest headlines.
21 August 2003
NI’s Hilton hotels celebrate a double knockout
It was a double knockout for Hilton’s hotels in Northern Ireland recently when Wolfgang Neumann, newly appointed President of Hilton Hotels UK and Ireland, visited the province to help the Belfast and Templepatrick Hilton hotels celebrate being voted in the top three of the groups 78 hotels in the UK for offering the best in customer service.
NI’s Hilton hotels celebrate a double knockout
It was a double knockout for Hilton’s hotels in Northern Ireland recently when Wolfgang Neumann, newly appointed President of Hilton Hotels UK and Ireland, visited the province to help the Belfast and Templepatrick Hilton hotels celebrate being voted in the top three of the groups 78 hotels in the UK for offering the best in customer service.
01 March 2002
Trinity Mirror to make second wave of job cuts in a year
Leading UK newspaper publisher, Trinity Mirror has announced plans to shed 300 jobs within the group. The news came as the company reported a near five per cent rise in turnover for the 12 months to December despite what it described as one of the toughest trading periods in its history.
Trinity Mirror to make second wave of job cuts in a year
Leading UK newspaper publisher, Trinity Mirror has announced plans to shed 300 jobs within the group. The news came as the company reported a near five per cent rise in turnover for the 12 months to December despite what it described as one of the toughest trading periods in its history.
21 September 2001
Shares rebound sharply from five-year low
The London share market has rebounded sharply from a period of freefall in early morning trading. At one point it looked as though investors were prepared to abandon shares in favour of government bonds and other assets viewed as safe bets in time of war, but markets bucked this trend during a fierce turnaround in afternoon trading.
Shares rebound sharply from five-year low
The London share market has rebounded sharply from a period of freefall in early morning trading. At one point it looked as though investors were prepared to abandon shares in favour of government bonds and other assets viewed as safe bets in time of war, but markets bucked this trend during a fierce turnaround in afternoon trading.
20 March 2003
Firms urged to win business via EU funded projects
As part of their range of programmes to support business development and to encourage more businesses to enter external markets and diversify their overseas presence, Invest NI is to allocate further financial resources to the International Tendering Fund.
Firms urged to win business via EU funded projects
As part of their range of programmes to support business development and to encourage more businesses to enter external markets and diversify their overseas presence, Invest NI is to allocate further financial resources to the International Tendering Fund.
22 August 2002
BIA opens £200,000 business lounge
Belfast International Airport (BIA) has opened Northern Ireland's first-ever lounge facility available to all passengers flying on any ticket type with any airline.
BIA opens £200,000 business lounge
Belfast International Airport (BIA) has opened Northern Ireland's first-ever lounge facility available to all passengers flying on any ticket type with any airline.
-
Northern Ireland WeatherToday:A rather cloudy start with patchy mainly light rain, but becoming brighter through the day as the rain turns more showery, the best of any sunnier spells in the south. Maximum temperature 16 °C.Tonight:A few bright spells at first and any showers gradually dying out. Low cloud and mist or drizzle over northern coastal parts will spread south to most areas overnight. Minimum temperature 7 °C.
