Category Archives: Industry News & Reports

Hotel Investment in Spain Reached €4,860m in 2018 According to Christie & Co’s Latest Report

Main Photo: Hotel Investment Overview Spain 2018

Location: Spain

Who: Christie & Co, Spain

What Did They Say: 2018 was a record year for hotel investment at €4,860m in a total 223 transactions (surpassing the 185 transactions registered in 2017), which represents an average price per room of €128 and an increase of 24.6% of the total volume of investment versus 2017.

This positions Spain in second place, behind the United Kingdom (where investment is estimated to be £6,500 million), but before Germany for the first time (where €4,000 million has been estimated for the total investment in 2018).

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Airbnb vs Paris vs the European Union

Main Photo: Airbnb, fighting legal battles in 13 European cities

Location: Europe

Who: Airbnb and other short-term rental platforms

What Did They Say: Rather complex! but in a nutshell… last year the City of Paris lodged a complaint against the company “SCI panorama immobilier”, arguing that the company didn’t comply with “the Law of 6 July 1989 of the Building and Housing Code”.

On January 17, the Paris Regional Court handed down its verdict on the case opposing the City of Paris and the company called “SCI panorama immobilier”: this is an important decision for Airbnb and for Parisian landlords that rent their apartments via the platform……

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Hostels v Hotels – a Legal Viewpoint

Main Photo:  A London hostel, where rooms range from private rooms for two to dormitory style with 8 or even 12 beds

Date: February 2019

Location: UK

Who:

  

What Did They Say: 

“Hotel: An establishment providing accommodation, meals, and other services for travellers and tourists.
Hostel: An establishment which provides inexpensive food and lodging for a specific group of people, such as students, workers, or travellers.”

Even the briefest of comparisons of the dictionary definitions of these words highlights the marginal differences between them.

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JLL Hotel Investment Outlook 2019

Main Photo:  New report from JLL

Date: February 2019

Location: Global

Who: JLL

What Did They Say: Hotel investment defies global caution. Liquidity for hotel investments in 2018 was bolstered by a healthy global economy fuelling growing traveller volumes.

Some markets, like the US, enjoyed more positive sentiment over the past 12 months. With this, global hotel transaction volumes totalled nearly US$60 billion, holding steady on 2017’s strong levels.

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Marriott Moves into the Bonvoy Age

Main Photo:  Marriott Bonvoy Logo

Date: January 2019

Location: Global

Who: Marriott

What Did They Do: Marriott International announced that the loyalty brand replacing Marriott Rewards, The Ritz-Carlton Rewards and Starwood Preferred Guest will called Marriott Bonvoy.

The company said that it was “more than a loyalty programme” as it looked to greater personalisation and other member benefits. Marriott Bonvoy launches on 13th February 2019

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Cape Verde Aims for the Magic Million

Main Photo: Cape Verde

Date:  January 2019

Location: Cape Verde, an island/country off the North West coast of Africa

Who: Horwarth HTL, prior to the new Forum de l’Investissement Hôtelier Africain (FIHA) in Marrakesh in February 2019.

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Why Marriott and Hilton Stocks Are Down Today (January 3rd 2019)

Main Photo: JW Marriott Hotel Zheljiang Anji

Date:  January 2019

Location: Global

Who: Marriott and Hilton

What did they do: Marriott fell as much as 5.1 percent, and Hilton slipped as much as 5.2 percent. They were down 3.5 percent and 3.2 percent, respectively, at 11:57 a.m. New York time, January 3rd 2019, compared with a 2 percent drop in the Bloomberg Americas Lodging Index. Hyatt Hotels Corp. fell 2.5 percent.

Marriott International Inc. and Hilton Worldwide Holdings Co. led hotel stocks lower after Apple Inc. reported slowing sales in China — giving investors cause to worry about an important source of the travel industry’s future growth.

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Boutique Hotels are 17.8% of the Room Count in the Development Pipeline as at June 2018

Date: December 2018

Location: USA

Who: CBRE Hotels’ Americas Research partnered with the Boutique and Lifestyle Leaders Association (BLLA) to develop six competitive classification categories.

What did they say: The categories are based on a combination of branding, management, and chain-scale, three factors that influence the market position and performance of boutique and lifestyle hotels. The six competitive classification categories, along with representative brands:

Legacy Brands/Upper-Priced: Andaz, Canopy, Indigo, Kimpton, W Hotel
Legacy Brands/Lower-Priced: A/C, aloft Hotel, MOXY, Tru
Soft Brands: Autograph, Best Western Premier, Curio, Hyatt Unbound
Referral Groups/Independent Properties: Historic Hotels, Leading Hotels, Small Luxury Hotels
Boutique-Lifestyle Brands/Luxury: Belmond, Montage, Thompson, Valencia
Boutique-Lifestyle Brands/Upper-Upscale: Affinia, Charlestowne, Joie De Vivre

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Ras Al Khaimah Seeks 3 Million Visitors Annually by 2025 with Launch of New Tourism Strategy

Main Photo: Waldorf Astoria Ras Al Khaimah

Date: December 2018

Location: Ras Al Khaimah, UAE

Who: Ras Al Khaimah Tourism Development Authority has today launched its new Destination Strategy 2019-2021.

What did they say: Haitham Mattar, chief executive of Ras Al Khaimah Tourism Development Authority, said: “As our tourism offering evolves in Ras Al Khaimah, we must ensure our destination is attractive to travellers who wish to explore beyond the resorts and hotels.

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