Industry News & Reports
Almost 80% of Global Hotel Investors Intent on Buying Hotels This Year Say JLL Survey
Date: October 2022 Location: Global What Did They Say: Hotels in the US are the most sought-after, with 24% of respondents targeting hotels there, followed by Southeast Asia (22%), global (22%), Europe (12%), Northern Asia (12%) and rest of the world (8%), according to the survey Who They: JLL’s Global Hotel Investor Sentiment Survey published last week Main…
Read MoreAimbridge EMEA Replaces Interstate as Their EMEA Brand
Date: September 2022 Location: Global – Affects EMEA What Did They Say: No longer Interstate…now Aimbridge EMEA Who They: Aimbridge Hospitality, the parent company that acquired Interstate Hotels & Resorts in 2019 Main photo: The Hotel Indigo The Hague, an Interstate managed hotel After spending many years as one of the most well-known global third-party management…
Read MoreUAE Gets Own ‘Casino Consortium’ as Wynn Resort Causes Investment Push
Date: September 2022 Location: Ras Al Khaimah, UAE What Did They Say: Gaming getting closer to UAE Who They: A consortium focusing on gaming has been created in the UAE – Carter Hones Associates, WT Partnership and Westar Architects International Main photo: The planned Wynn “mega-resort” planned to open 2026 A consortium focusing on gaming…
Read MoreSaudi Arabia to Bid US$40bn for FIFA 2030 World Cup
Main Photo: What the FIFA World Cup Fanzone might look like! Date: September 2022 Name: FIFA 2030 World Cup Location: It is understood the Saudis will make a joint bid, with Egypt and Greece as co-hosts Number of Keys: in 2022: The World Cup is expected to attract more than one million visitors, but by…
Read MoreRadisson Hotel Group to Expand Footprint Across Australasia With Fresh Brands
Main Photo: The Radisson Blu, Sydney Date: September 2022 Name: Radisson Hotel Group with ten or so brands Location: Australasia Number of Keys: TBA Owner: Jin Jiang Hotels, with 30-odd brands of their own! Radisson Hotel Group has today announced significant expansion plans for Australasia, with a newly expanded brand portfolio, strategic partnerships and diverse…
Read MoreHamilton Hotel Partners Re-Brands to Hamilton-Pyramid Europe, In Europe
Date: August 2022 Location: US HQ, with London HQ for Europe What Did They Say: Hamilton Hotel Partners announced that it has officially re-branded as ‘Hamilton – Pyramid Europe’, reflecting it’s pivotal position amongst the Pyramid Global Hospitality group of brands. Who They: Pyramid Global Hospitality Main photo: The new logo for Hamilton Pyramid Europe Hamilton…
Read MoreDubai Residential Real Estate Transactions Surges to Hit US $653.4 million on Tuesday 9th August 2022
Date: August 2022 Location: Dubai.UAE What Did They Say: Residential sales hit AED2.4bn on Tuesday, 50% higher than Monday (AED 1.6bn) Who They: Dubai’s Land Department Main photo: Jumeirah Village Circle Dubai The residential property deals in the Dubai real estate market shot up on Tuesday to hit AED 2.4 billion ($653.4 million), 50 percent higher…
Read MoreBNP Paribas Real Estate Releases Q2 2022 Report on UK Hotels – Improved ADR & RevPAR
Date: August 2022 Location: UK What Did They Say: Initial Q2 2022 data has revealed that improved hotel demand has driven average daily rates (ADR) and revenue per available room (RevPAR) to record highs as hoteliers increase their pricing to reflect rising occupancy levels and inflationary costs. Who They: BNP Paribas Real Estate Main photo: Admiralty…
Read MoreA Hospitality Management Company With A Difference
Location: Based in Birmingham, but will cover the UK Name: Switch Hospitality Management Guide Price: TBA No. of Keys: From 100 rooms plus The Opportunity: Traditional hotel management companies start with a premise that the owner pays them the initial fee, before any profit is declared, with an additional incentive fee based on profit-share. Switch…
Read MoreAmsterdam Hotel Market: The Enduring Appeal
Date: August 2022 Location: Amsterdam, The Netherlands What Did They Say: Another serious investment market in Europe Who They: HVS Main photo: The archetypal image of Amsterdam Amsterdam is in the province of North Holland, in the heart of the Randstad, Europe’s sixth-largest metropolitan area. The city of Amsterdam is the capital and the largest city…
Read MoreKnight Frank Says: UK Serviced Apartment Sector Shows Resilience – With YTD Profitability 20% Ahead of the Regional UK Hotel Market
Main Photo: The Other House, one of 2022’s opening in London’s South Kensington; Photo Credit: Jack Hardy Date: July 2022 Name: Serviced Apartments/Aparhotels Location: UK (and probably the same in Europe) Number of Keys: 27,000 + in the UK Who Said: Knight Frank LLP Throughout the extended lockdowns and periods of recovery which followed, the…
Read MoreAirfares and Hotel Tariffs Skyrocket for Qatar World Cup Period
Date: July 2022 Location: Qatar What Did They Say: Fans from around the world panic as airfares, hotel tariffs skyrocket for Qatar World Cup season Who They: Arabian Business magazine Main photo: Admares thought they had it cracked with bringing in 16 floating hotels Football fans from around the world, including from the Indian sub-continent –…
Read MoreMarriott To Leave Russia After 25 Years
Date: June 2022 Location: Russia What Did They Say: The Marriott hotel chain has announced it is leaving Russia after 25 years, saying Western restrictions made it “impossible” to keep operating there. The company closed its Moscow office and paused investment in Russia in March, following the invasion of Ukraine. However, it’s 22 hotels in the…
Read MoreHVS Reports 2021 European Hotel Transactions Up on 2020 levels With Single Asset Deals Reaching Record Average Room Rates
Date: May 2022 Location: Europe What Did They Say: In HVS’ European Hotel Transactions Report, they reveal that 322 European hotel transactions took place during 2021 involving 498 properties and 79,000 rooms Who They: HVS, one of the most respected global hotel consultants Main photo: A snapsot view of the market over the past 15 years…
Read MoreVictoria, Australia to Host 2026 Commonwealth Games
Date: April 2022 Locations: Victoria 2026 will be staged in March 2026 across multiple cities and regional hubs including Melbourne, Geelong, Bendigo, Ballarat and Gippsland, in what will be a first ever predominantly regional Commonwealth Games What Did They Say: The 2026 Commonwealth Games will be hosted in the state of Victoria, Australia. Who They: The…
Read MoreNews From the Ukrainian Hotel & Resort Association And Global Hotel Companies Response to The Russian Invasion
Date: 19th April 2022 Location: Ukraine…and Russia What Did They Say: We have repeatedly appealed to hotel operators to stop supporting the Russian economy and war machine and withdraw their brands from Russia Who They: The Ukrainian Hotel & Resort Association (UHRA) and State Agency for Tourism Development (SATD) Main photo: The InterContinental Moscow – Tverskaya…
Read MoreEuropean Hotel Bargain Portfolio Deals On Hold
Date: April 2022 Location: Mainly Europe What Did They Say: Frustrated investors are still waiting with cash in hand to enter the European hotel market, as hopes of a raft of distressed opportunities fade. Who They: Hotel Analyst Main photo: One of the hotels within a Spanish portfolio recently put up for sale Agents see little…
Read MoreGreen Hotels For A Sustainable Future
Main Photo: India: Green Hotels for a Sustainable Future — Photo by HVS Date: March 2022 Name: IHG, Marriott International, Radisson, and Wyndham Location: India Number of Keys: TBA Sustainability has become a key focus in the hospitality sector in recent years, with several hotel chains committing to reduce their environmental impact by implementing eco-friendly…
Read MoreHospitality Helps Asks For Hotels To Provide Temporary Hotel Rooms For Ukrainian Refugees
Find out how the hospitality industry are rallying around the people of Ukraine
Read MoreHospitality Helps Asks For Hotels To Provide Temporary Hotel Rooms For Ukrainian Refugees
Date: March 2022 Locations: Berlin, Bratislava, Brno, Bucharest, Budapest, Chisinau, Cluj-Napoca, Cracow, Debrecen, Katowice, Lublin, Munich, Prague, Vienna, Warsaw…and elsewhere! What did they say: We connect families on the run from the war in Ukraine with hotels around Europe that want to help and provide free stays.Main photo: The plight of Ukrainian refugees The #HospitalityHelps initiative…
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