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A bizarre world: GrandMet, Saudi, Priceline and rates

Maria Pütz-Willems
Maria Pütz-Willems

Dear Insider,

A further hearing was held at the Amsterdam court regarding the structure and transparency of Grand Metropolitan Hotels Holding B.V. (GrandMet). The court had previously removed the Smura family from management and replaced them with an independent lawyer. However, the lawyer has not yet been granted access to key documents. The financial mystery still centres on the Genisys AI software. The court had already cast doubt on its value during the hearing. Lawyers were, and still are, searching for evidence and sources of funding within this vast corporate network. Kateryna Smura was expected to provide the answers. It's all still rather bizarre, but the judges aren’t letting up.

And they are perfectly entitled to their obstinacy. The GrandMet case is being heard before a specialised Dutch commercial court which deals with commercial disputes. It is one of the most unusual courts in Europe. For example, it can suspend managing directors and members of the supervisory board, appoint independent successors, block company resolutions and place shares under temporary independent administration. In an interview today, Dutch lawyer Onno Hennis – whose firm does not represent either party – explains the extent to which the court can act in the GrandMet case.… More

Magazine

Saudi Arabia: Some things on hold

HI+Saudi Arabia: Some things on hold

Airport closure hits Riyadh events hard – Hotel revenues under threat

Houthi strikes on Saudi Arabian soil have forced the closure of Riyadh's main airport and pushed the EU-GCC summit to a later date. While one hotel group reports that revenues have plunged by 35 to 40 percent, a compound operator and a resort manager offer a more stable outlook. The strikes compound the pressure of a broader regional war that is already weighing heavily on Gulf travel.

The 100-million-euro question

HI+The 100-million-euro question

Grand Metropolitan Hotels Holding B.V.: Court requires clear evidence

Eleven weeks after the Amsterdam Enterprise Chamber removed the Smura family from the management of Grand Metropolitan Hotels Holding B.V. (short: GrandMet), the core questions remain unanswered. Most notably: who actually owns the software valued at 100 million euros? At the hearing on 1 October, the court record revealed new details, while also exposing a severe liquidity crisis within the German subsidiaries, with both sides trading blame.

Why does this Dutch court have such power?

HI+Why does this Dutch court have such power?

How Amsterdam judges deal with corporate disputes

The Grand Metropolitan Hotels Holding B.V. case is playing out before one of Europe's most unusual corporate courts. hospitalityInside.com asked Dutch lawyer Onno Hennis to explain how the Dutch inquiry proceedings work and what comes next.

The springboard into a new World of Hospitality

HI+The springboard into a new World of Hospitality

Expo Real 2026 reflects uncertainty, optimism and harsh (hotel) reality

Uncertainty characterised the mood of hotel sector at this year's Expo Real. But it wasn't complaining, despite the Revo shock and the rapid changes in the market brought about by new, international operators and investors. Investors have strong confidence in this asset class. The current low is a shared springboard into a new world of hospitality, which need not be worse.

Competition or win-win?

HI+Competition or win-win?

PRISM presents itself at Expo Real – Wyndham, Accor, Odyssey remain open

The Revo insolvency is visibly reshaping the market. The Indian tech and hotel operator PRISM is the biggest beneficiary. Will it become the largest operator in Germany? How will the franchisors react? At Expo Real's conference stage, Prism, Odyssey, Wyndham and Accor took seats.

HI+

Priceline faces heavy fines from the FTC

Priceline faces heavy fines from the FTC
16.10.2026

Ads that appear to lead to a hotel's own website send guests to a third-party seller that charges more. The US Federal Trade Commission is preparing to act against Priceline, over this practice. Consumers in both the US and Europe are affected.

DACH Region: Consolidation and space for brands

HI+DACH Region: Consolidation and space for brands

Independent hotels still account for most of the available rooms in the DACH region. In Germany, branded hotel rooms represent already 45% of the overall supply, while in Switzerland and Austria brand penetration is even lower, at 36% and 21%. And there are more differences between the countries.

Austria: Lower guest spending and higher costs

HI+Austria: Lower guest spending and higher costs

With overnight stays remaining stable and turnover rising slightly, operating results are also falling in Austria. ÖHV President Veit is calling for tangible relief.

The summer season in the Alps is changing

HI+The summer season in the Alps is changing

The Alpine holiday hotel sector in Tyrol, South Tyrol and Bavaria is heading towards the end of the summer season 2026. Shifts within the season are becoming apparent. Occupancy rates lack momentum, though prices can still be maintained in some cases.

AI is shaping business travel

HI+AI is shaping business travel

The business travel sector is optimistic about rising volumes and turnover – and continues to face major changes, particularly driven by AI. A recent study has examined the impact of AI on corporate travel management and developed four future scenarios. These can be envisaged as strategic options for virtually any sector.

VIP News from 16.10.2026

HI+VIP News from 16.10.2026

Duarte Bon de Sousa, Virginie Saint-Laurent, Simon Neggers, Philippe Perd, Jens Hackebeil, Fabrice Moizan, Olivier Bihel, Géraud Tournier, Simon Bannelier / Nils Jansen, Konrad Lüders / Stefan Böhm / Alexandros Vassilikos, Morten Thorvaldsen, Adrian Cummins

News Mix from 16.10.2026

HI+News Mix from 16.10.2026

Accor/Cologne, Azora/Nicolaus, Bzar/Lecce, Four Seasons/Tangier, Iberostar/Zanzibar, IHG/Debrecen, La Gap/Garmisch-Partenkirchen, Leonardo/Hanover, LRO Hospitality/Edinburgh, LVG Hotel Collection/Rome, Mayburgh/Wittenberg, May&Co/Cologne, Minor/Rabat, Motorworld/Hockenheim, Premier Inn/Konstanz, Radisson/Wrocław, R Collection/Como, Six Senses/Milan, Staycity/Amsterdam, Stayery/Berlin, Tikehau/Berlin, Vermala Gut/St Gallenkirch, Yurbban Hospitality/Barcelona

Hotel investments in Q3: Disappointing results

HI+Hotel investments in Q3: Disappointing results

Following a strong first half of the year, hotel sellers in Germany had hoped for an equally strong autumn, but the reality turned out differently. The fact that deals are not going through is hardly down to a lack of buyer interest.

After Revo: Wyndham remains committed to Germany

HI+After Revo: Wyndham remains committed to Germany

Wyndham Hotels & Resorts has absorbed charges totalling approximately $160 million following the insolvency of the Revo Hospitality Group. Despite the setback, Dimitris Manikis, Wyndham's President EMEA, is already rebuilding the lost franchise business, with a sharp and renewed focus on Germany.

Micro-Living remains a driver of growth

HI+Micro-Living remains a driver of growth

According to the findings of the first-ever Micro-Living Atlas, there is potential for 73,500 apartments in six major cities. The supply gap is primarily based on migration statistics.


VIP News from 9.10.2026

HI+VIP News from 9.10.2026

Fabrizio Gaggio / Patrick Cimerola / Leanne Harwood / Nicola Foschini / Toan Ly / Benjamin Jacobi, Christian Bärwind / Björn Anker Gullaksen, Niccolò Pravettoni, Martin Stegner, Robert Ruschke / Patrick Manthe / Benjamin Schwenk / Anja Lichter

Expo Real 2026

How important is the hotel operator?

How important is the hotel operator?

Following the biggest insolvency in European hotel history this year, there is work to be done. Everyone is looking for the 'right' operator. It's the key question at Expo Real. What do you think? The HospitalityInside Investment Barometer 2026 launches today. Your click counts. 

The stories behind the scenes

The stories behind the scenes

The hospitality family filled the "FreiSchwimmer Bar" on Expo Real Monday. 130 guests had made their way up to the terrace of the Cocoon Hotel, with views over the rooftops of Munich. Fun moments and thought-provoking conversations at BRICKS & BRAINS… The "Pool Party" was a success – so, looking back, a heartfelt thank you to the four sponsors of this event.

Final push ahead of Expo Real

Final push ahead of Expo Real

The suitcases are almost packed, the final appointments have been confirmed. Now it’s all about meetings, deals and networking at Expo Real 2026. At World of Hospitality, you’ll meet an appealing mix of established market players, long-standing partners and new faces.

Update: Networking at the FreiSchwimmer Bar!

Update: Networking at the FreiSchwimmer Bar!

For the 18th time, the motto is "Hospitality meets Real Estate". BRICKS & BRAINS looks forward to welcoming its guests after the first day of the Expo Real trade fair, high above the roofs of Munich – at the Cocoon Hotel Am Sendlinger Tor. Two more sponsors – 9dots and Häfele – are joining in. They're all keen to get stuck in on the rooftop!

Content Partner

Welcome to new markets

... and to QR Redebedarf 2026 in Frankfurt – Join the discussion
Welcome to new markets
2.10.2026

New source markets, international travel trends, and concrete opportunities for the hotel industry: At QR Redebedarf 2026 on 22 October in Frankfurt, experts from politics, market research, hotel operations, and distribution will discuss how demand is changing and what this means for hotels.

60 years of the LS range

60 years of the LS range

In hotel interiors, design that stands the test of time is essential. It is particularly evident with elements that remain visible at all times – such as switches, sockets and control panels – just how important a clear, consistent system is. The history of JUNG’s LS range began in 1966 with a design that remains as relevant today as ever.

India, South America, Glamping

India, South America, Glamping

Geopolitical shifts, climate change, evolving guest expectations: international tourism is changing rapidly. For the hotel industry, the priority now is to identify developments early and act strategically. Put simply, there is a clear need to talk.

Say Hello to new markets

Say Hello to new markets

Sometimes, the best answers to the challenges facing the hospitality industry lie outside the sector itself. This is exactly where Markus Milz comes in. The highly sought-after coach will open the QR "Redebedarf" event on 22 October 2026 with a keynote speech. He brings a dual perspective to the stage.

Integrated charging sockets for hotel rooms

Integrated charging sockets for hotel rooms

For many hotel guests, smartphones, tablets and laptops are an essential part of their travel kit. It is therefore important to have easily accessible sockets that cater for different power requirements whilst being intuitive to use. With the PD 60 USB charger and SCHUKO® sockets featuring an integrated USB-C port, JUNG combines convenient charging with a consistent design for the electrical installation.

New markets for the hotel industry

New markets for the hotel industry

The German hotel market is undergoing profound change. Whilst traditional business travel segments are suffering because of economic developments, new opportunities are simultaneously emerging in international source markets.

Business & Leisure with great potential

Business & Leisure with great potential

In the first half of 2026, the German online distribution specialist QR Quality Reservations secured 19 new partner hotels and increased its business travel turnover by 26.6 percent. The first hotels are already implementing the new AI agent in their day-to-day operations. 

Quality over Speed

Quality over Speed

The topic of AI dominates today's media. How is AI changing our society, the economy, education, healthcare, and our jobs? Where does its use make sense? Will AI solve everything? Is it taking away jobs or creating new ones? The race is on …

Timeless switch design

Timeless switch design

Stylish and long-lasting hotel interiors are created through design concepts that stand the test of time. Timeless design is particularly valuable for permanently visible elements such as switches and sockets.

News Mix overview

News Mix from 16.10.2026

HI+News Mix from 16.10.2026

Accor/Cologne, Azora/Nicolaus, Bzar/Lecce, Four Seasons/Tangier, Iberostar/Zanzibar, IHG/Debrecen, La Gap/Garmisch-Partenkirchen, Leonardo/Hanover, LRO Hospitality/Edinburgh, LVG Hotel Collection/Rome, Mayburgh/Wittenberg, May&Co/Cologne, Minor/Rabat, Motorworld/Hockenheim, Premier Inn/Konstanz, Radisson/Wrocław, R Collection/Como, Six Senses/Milan, Staycity/Amsterdam, Stayery/Berlin, Tikehau/Berlin, Vermala Gut/St Gallenkirch, Yurbban Hospitality/Barcelona

News Mix from 9.10.2026

HI+News Mix from 9.10.2026

Accor/Bonn, Art-Invest/Frankfurt, Choice/Denver, Cofinance/Paris, Ennismore/Monopoli, Extendam/Chamonix, Generator/London, Grand Hotel Riccione/Riccione, Hommage/Kitzbühel, Hospitality X/Düsseldorf, Hunton/Nottingham, IHG/Gloucester, Likestay/Bochum, Marriott/Køge, Meliá/Rom, Minor/London, MNK/Chippenham, Nook/Bad Saarow, Novum/Erding, Premier Inn/Münster, Ruby/Marseille, TSH/Berlin, Verkehrsbüro/Wien, Whiterock/Lyon, Wyndham/Frankfurt

News Mix from 2.10.2026

HI+News Mix from 2.10.2026

Arabella Hospitality/Munich, Art-Invest/Taufkirchen, Barceló/Phuket, Berwanger Hof/Berwang, Brera/Munich, CA Immo/Frankfurt, COOEE alpin Hotels/Kaprun, Dorint/Zurzach, Ennismore/Hamburg, EPH Group AG/Burgenland, Falkensteiner/Salò, Frasers/Bangkok, Gorfion/Malbun, IHG/Madrid, Liguria/Pigna Thermal Baths, Marriott/London, Minor/San Gimignano, Oman/decline in turnover, Palazzo Sogni/Florence, Patrizia/Berlin, Rome/Giacomo Acqua, Roomers/Frankfurt, Sophos/Bulle, Tuscany/L’Andana, TUI/Varna

News Mix from 25.9.2026

HI+News Mix from 25.9.2026

Accor/Berlin, Bypillow/Naples, Center Parcs/Lusatian Lake District, Citygrove/Hanover, Dot Life/Lugano, DSR/Tegernsee, Emilia-Romagna/Matilde di Canossa Resort, Essence/bond issue, Five E/Boltenhagen, Hilton/Frankfurt, H World/Aswan, IHG/Amman, Leonardo/Dortmund, Limehome/Lugano, Meliá/Lerici, Novum/Frankfurt, Sandals/Royal Caribbean, Stayery/Vienna, Trofana Suites/Ischgl

Marketplace

EU residents travel predominantly within the EU

EU residents travel predominantly within the EU
16.10.2026

Domestic travel is booming in almost all EU member states. Only 8% of travellers from Europe left the EU. However, tourists are not particularly generous when travelling within their own country.

First Gender Equality Lab in the tourism sector

First Gender Equality Lab in the tourism sector
16.10.2026

How can fair career opportunities be created for women and men in the tourism sector? What role do unconscious biases, corporate culture and financial independence play? A workshop has shed light on these issues for the first time.

A "Digital Omnibus" aims to simplify travel

A "Digital Omnibus" aims to simplify travel
9.10.2026

A new alliance within the travel and aviation sectors is calling for an EU framework for secure and seamless biometric travel. The "Digital Omnibus" is intended to simplify the European regulatory framework for digital technologies.

Chief AI Officer frees up time for guests

Chief AI Officer frees up time for guests
9.10.2026

Faced with staff shortages, rising costs and increasing bureaucracy, the hospitality sector is under considerable pressure. A new study shows how to ease the burden on businesses: it revealed significant potential for digitalisation and automation of processes in hotel operations.

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EXPO REAL 2026

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Many thanks to all visitors, partner and sponsors!

Financial Results

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A Five-Year-Plan, for the shareholders only

Whitbread FY 2027: The British hospitality company saw a strong accommodation sales growth and market outperformance in both the UK & Ireland and Germany. Whitbread remains confident in the full-year outlook and is increasing a strategic momentum as the company plans to execute its Five-Year Plan.

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Annual forecast adjusted

MHP Hotel AG H1 2026: The hotels in Hamburg and Vienna are contributing to growth, whilst the growth in prices and turnover is slowing down.

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Refinancing tailwinds

Aroundtown H1 2026: The investment company has disclosed its interim consolidated financial results for the first six months of 2026, delivering an operational performance that aligns with its full-year guidance.

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Believing in the international business

H World Group Q2 2026: The Chinese company demonstrated a continued expansion driven by its operations, alongside regional headwinds in international markets.

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USA and China offset Middle East

IHG H1 2026: InterContinental Hotels Group (IHG) recorded solid business performance in the first half of 2026, supported by picking up demand in the USA and sustained growth in China. Despite geopolitical pressures in the Middle East, global RevPAR rose noticeably.

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Europe & the Americas mitigate risks

Minor Hotels Q2 & H1 2026: The Thai hotel group delivered a resilient financial performance for the second quarter and first half of 2026, driven by sustained travel demand in Europe & Americas and a strategic pivot toward asset-light expansion in the Middle East.

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Operational progress and reducing costs

Choice Int. Q2 2026: The US franchisor has released its financial results for the second quarter and first six months ended June 30, 2026. The lodging company demonstrated growth in revenues and operational metrics, though net income experienced a decline compared to the prior-year period.

Balance sheets
at a glance


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Unsere Hospitality-Themen der Woche.

Picked

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"Selfie for All": Floor panels help visually impaired people

The Belgian region of Flanders wants to make it easier for blind and visually impaired travellers to take lovely souvenir photos of their holidays. Ultimately, however, the idea is designed for all holidaymakers.

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Sweden's new travel agency for introverts

You need a holiday from your holiday? Almost half of all travellers know the feeling. A new international survey shows that 67% of all respondents prefer destinations where socialising isn't a must. Sweden's answer: "The Introvert Travel Agency".

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Merry Disappointmas!

There is a list of the most terrible Christmas gifts Germans have ever received. Examples include a sausage extension reel and underwear from the boss. Anticipation for the festive season is frequently followed by sheer disillusionment when unwrapping under the tree.

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Hamburg: Elbphilharmonie Plaza costs 5 euros

From Monday 12 October, an admission charge is to be introduced for visits to the viewing platform of the world-famous Elbphilharmonie in Hamburg; however, the turnout has been rather modest.

MORE PICKED


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