Kempinski, capital, climate and consumers
Dear Insider,
Next week the GMs of Kempinski will meet in Istanbul. There, the new Group CEO Barbara Muckermann will introduce herself and her far-reaching plans. In conversation with me, she described the rough framework: The luxury hotel group is to shrink by around a third of the hotels, dull 5-star hotels will be weeded out and only ultra-luxury gems will survive. Residences will be reduced, the management company should become asset-heavy. So again upheaval, again uncertainty. Why is the former cruise manager presenting such a dramatic change in strategy after just eight months in office? The shareholders from Bahrain have allegedly approved everything. But what do they really want to achieve? Perhaps peppering the management company with trophy assets, then selling the real estate at a high price and leaving the operator standing? I did a lot of research.
The world apparently only knows extremes and disruption: first smash all the china, then build on the broken pieces. This is also the approach of the Trump administration. It does not want any "climate assets" or green financing. And warns the largest banks in the US not to resist. BlackRock is still holding out. However, European banks could also find themselves in a quandary. ... More
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HOT Paris end-June
NEW NEW DATE: "Hotels Tomorrow" now 30 June/1 July 2025!
Save the new date! We must postpone the planned Europe-focused conference Hotels Tomorrow - The HOT Unconference in Paris, from mid-February to 30 June/1 July 2025!
The program is in full swing, and we will be presenting the content shortly. Marius Gomola, Marc Werner and Maria Puetz-Willems, the organisers of HOT, remain fully motivated.
Register for the special price for 30 June/1 July 2025 and keep an eye on the updates at www.hotelstomorrow.eu
