Deloitte's Global Press Releases page contains links to news and information about the firm's activities around the world. Press releases in this area of the site date back approximately 18 months, with the most recent appearing at the top of the page.
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NEW YORK, February 13, 2008 – Total sales for the Top 250 consumer products companies exceeded $2.67 trillion in fiscal 2006, according to the inaugural Global Powers of Consumer Products Industry report from Deloitte. According to the report, sales grew by 8.5 percent for the year, although 16 percent of the companies actually experienced declining sales. Over a quarter (28 percent) of total sales were concentrated among the 10 largest companies, which reported combined sales of $751 billion. These companies grew slightly more than the average, at 8.6 percent, and were particularly strong when it comes to turning sales into profit....
Washington, D.C., February 1, 2008 – James H. Quigley, global CEO Deloitte Touche Tohmatsu, recently remarked on the progress and significant cooperation between the United States and the European Union in facilitating barrier free investment. In particular, he noted the significant achievements in developing a global financial reporting language.
Quigley delivered the remarks while serving as keynote speaker at the European-American Business Council’s recent Atlantic Leadership Award ceremony. The award, presented to U.S. Securities and Exchange Commission Chairman Christopher Cox and European Union Commissioner for...
Growth across Asia was fuelled predominantly by markets in the South – in particular India – according to year-end 2007 results from the HotelBenchmark™ Survey by Deloitte. Overall, revenue per available room (revPAR) increased 12.4 percent across Asia Pacific to reach US$95.
Hotels in South Asia saw the strongest performance with growth rates for both average room rates and revPAR exceeding 26 percent. India was the major contributor, with strong economic growth – especially in the manufacturing and IT sectors – leading to a boom in business travel. With such high demand, hoteliers in Mumbai were able to push their rates up by...
The Middle East hotel industry is still one of the fastest growing regions in the world according to year-end 2007 results from the HotelBenchmark™ Survey by Deloitte. Out performed only by Central and South America, the Middle East saw revenue per available room (revPAR) grow 17.0 percent exceeding both Asia Pacific and Europe.
The region also enjoyed its fourth year of double-digit growth. Average room rates were the main driver up 11.4 percent to US$151 while occupancy increased 5.0 percent to 71.6 percent.
Across the Middle East there were stark contrasts in performance but Jordan, Oman and Egypt were the true...
Davos, Switzerland, January 25, 2008 – A group of prominent World Economic Forum business leaders today issued a call to their peers to join collaborative efforts to strengthen public governance frameworks and institutions as a core element of their approach to corporate citizenship.
John Connolly, global chairman, Deloitte Touche Tohmatsu, said, "Public governance is a global issue. No longer can businesses, governments, or non-governmental organizations afford to act independently of each other - the stakes are just too high. Only through a combined effort can we achieve economic growth, sustainability, and create an opportunity for...
Davos, Switzerland, January 23, 2008 – The TransAtlantic Business Dialogue (TABD) will meet in Davos during the annual World Economic Forum to determine their priority policy agenda for 2008. The chair role on the U.S. side will pass from Michael Klein, Citigroup’s chairman and co-CEO, Markets and Banking, to James Quigley, CEO of Deloitte Touche Tohmatsu.
Against a backdrop of slower economic growth, the business leaders will concentrate on ways to maintain an open investment climate, balance security and open trade, and reduce regulatory barriers. The U.S. and EU markets make up 60 percent of global GDP and generate more than US$3.75...
Davos, Switzerland, January 24, 2008 – As concern over the global economic situation mounts, more than two dozen chairmen and chief executive officers of European and American companies participating in the TransAtlantic Business Dialogue (TABD) met today in Davos, Switzerland with U.S. Cabinet Secretaries and EU Commissioners. The executives stressed that the business community and government officials must work together to maintain and develop the barrier-free transatlantic marketplace for investment.
First year-end 2007 data from the HotelBenchmark™ Survey by Deloitte reveals another good year for European hoteliers despite the lack of sport and cultural events seen in 2006. Overall revenue per available room (revPAR) grew 6.6 percent to reach €85.
Hotels in Central and Eastern Europe saw the strongest performance with revPAR increasing 6.9 percent. Moscow boasted the highest average room rate across Europe at €267 followed by Geneva at €260 and London at €191 respectively. Meanwhile Warsaw reported an impressive 13.4 percent improvement in revPAR driven by good economic conditions and increased airline capacity which pushed...
New York, January 21, 2008 — The global information technology and business process outsourcing market is approaching US$600 billion and is growing rapidly. In today's global economy, investments in outsourcing and offshoring initiatives have never been higher, or more critical to organizational success. To help companies address today's significant outsourcing and offshoring risks and maximize the value of their outsourcing and offshoring strategy, Deloitte has published a new whitepaper titled, "The Risk Intelligent Approach to Outsourcing and Offshoring."
Corporations are facing dramatically increasing risks as they rely more...
The global hotel market had an excellent year in 2007 according to first data from the HotelBenchmark™ Survey by Deloitte. All regions – Asia Pacific, Central and South America, Europe and the Middle East – are not only celebrating double-digit growth in revenue per available room (revPAR) but also in average room rates.
Hoteliers in Central and South America saw the strongest growth with revPAR up 24 percent to US$75. This has largely been driven by average room rate increases of 19.7 percent. Sao Paulo has thrived on demand from the meetings, incentives, conventions and exhibitions (MICE) sector. Both occupancy and average room rates...
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