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Expo Real in view: A market caught between a lack of transparency and credibility

Maria Pütz-Willems
Maria Pütz-Willems

Dear Insider,

Just 16 days to go until Expo Real in Munich. It's difficult to gauge the mood on the ground; there'll certainly be plenty of discussion. A great deal can already be deduced from today's topics and market movements. Let's get straight into it: The growth of the "Collection" brands run by the major chains is not as strong as one might think – established independent hotels are holding their own (after all, which of them would want to pay expensive franchise fees?) and are entering into partnerships. Preferred Hotels is expanding by 40-50 hotels a year. The family-run business Ueberroth knows how to deal with hotel-owning families. Lead Developer Philippe Weghmann explains which tools, partners and programmes are used to turn independent hotels into long-standing members.

At a conference in the US, Booking.com’s chief financial officer described himself as the "best friend" of small hotels: Independent hotels and small groups account for a third of bookings, whilst chains account for just 10 percent, he says. The situation is different in Europe, as the latest HOTREC distribution figures show. The OTA giant remains super confident: AI won't keep Booking awake at night – because after visiting five platforms, consumers only book with one (of their) brands. ... More

Magazine

In limbo

HI+In limbo

The Revo insolvency and its consequences for staff and the industry

154 insolvent Revo Hotels have been saved, along with the majority of the jobs they provide, said a press release issued this week. However, in many places, hotel workforces are currently going through their most difficult phase, complaining of a serious lack of transparency and facing new legal issues arising from situations of uncertainty. The sector could suffer a massive loss of confidence in this year of insolvencies.

Plus points for private hotels

HI+Plus points for private hotels

Preferred Hotels’ stronger profile against chain soft brands

The more chains franchise their luxury brands, the more hotel corporations expand their services and partnerships. This was evident after my conversation with Chief Developer Philipp Weghmann of Preferred Hotels. With 625 individual hotels, the group has already overtaken Leading Hotels because it has been proactive across many channels, from the sales team to AI. An update.

Beautiful meadows are no longer enough

HI+Beautiful meadows are no longer enough

WKÖ exchange in Alpbach: Travellers demanding autonomous arrivals

At the Tourism Summit organised by the Austrian Economic Chamber (WKÖ) in Alpbach, the focus extended far beyond new technology. Discussions centered on the unique character of businesses, the boundaries of automation, and travel schedules seamlessly timed right to the hotel doorstep. The event, held as part of the renowned European Forum Alpbach, was designed to provide fresh momentum for the sector.

You own the apartment, never the brand

HI+You own the apartment, never the brand

Branded Residences: their upside, complexity and the owner's gap

Branded residences are the fastest-growing product in luxury real estate, and Dubai is their epicentre. Buyers pay a premium for the name over the door, and the pipeline runs to thousands of new units. But what happens the day the brand's contract runs out? We talked to the developer who builds them, the adviser who fixes them and the operator who runs them.

Growing silently

HI+Growing silently

Zech still passionate about its hotel division, incl. Atlantic, Unique & Severin's

With the new Atlantic Hotel Frankfurt, the Zech Group from Bremen has surpassed the 20-property threshold. Conversions are accelerating the expansion, and the luxury brand is growing faster than its budget sisters. A subsidiary provides interior design concepts. Building, furnishing and operating – all from a single source in future. An update.

HI+

Booking leans on independent hotels and homes

Booking leans on independent hotels and homes
18.9.2026

Booking’s finance chief stated at a Goldman Sachs conference last week that the group is small hotels' "best friend" - and revealed rarely heard figures and strategic details about the giant. At the same time, European hoteliers published figures about their dependence.

Italy's elite investors are driving the luxury train and hotel sectors

HI+Italy's elite investors are driving the luxury train and hotel sectors

Arsenale has secured fresh funding to support its business plan for 2026–2031. The company, a subsidiary of the Italian Barletta Group, specialises in luxury hotels, luxury trains and river-cruises.

Revo Wind-Down – Lack of transparency

HI+Revo Wind-Down – Lack of transparency

Eight months after the start of the Revo Hospitality insolvency (under self-administration), the operating contracts for 154 out of 178 insolvent Revo hotels have been taken over. Major and minor hotel groups are thus able to expand their presence, mostly in Germany. Nevertheless, the public picture remains far from transparent.

HotellerieSuisse calls for clear rules on Short-Term Rentals

HI+HotellerieSuisse calls for clear rules on Short-Term Rentals

Just last week, the EU proposed a new law to regulate tourist short-term rentals with the "Affordable Housing Act". HotellerieSuisse is demanding that clarity be brought to this area in Switzerland too.

Booking and Expedia dominate Europe's OTA market

HI+Booking and Expedia dominate Europe's OTA market

Europe’s hotel distribution market is becoming increasingly concentrated, strengthening the case for firm EU action to ensure fair and transparent digital markets. Experts are now calling for action.

VIP News from 18.9.2026

HI+VIP News from 18.9.2026

Fanny Holzer-Luschnig / Clara Müller / Paul Jones / Simone Farci / Natascha Busshoff / Daniel Handschick / Ralph Schiller, Sven Hartmann, Michael Tenzer, Krishan Singh, Friedrich-Joachim Sack / Christoph Härle / Laurent Boucher, Marcus Zorn, Brice de Germay

News Mix from 18.9.2026

HI+News Mix from 18.9.2026

Accor/Egypt, Aroundtown/Athens, Banor/London, Bob W/Vienna, BWH/Frankfurt, Design Hotels/Venice, Elba Hotels/Corralejo, Emilia-Romagna/Delta OpenAir Resort, Extendam/Paris, GS Bacares Iberia/Madrid, Hyatt/Witney, Jakobsberg/Boppard, Mangia’s/Eastern Sicily, Marriott/Prague, Mayburgh/Bottrop, Minor/Dubai, MHP/Düsseldorf, Novum/Frankfurt, Starboard/London, SV Hotel/Ulm, Umbria/Guglielmi Castle, Wyndham/Riyadh, YellowSquare/Naples

More large-scale, high-end deals in Europe

HI+More large-scale, high-end deals in Europe

In the first half of 2026, European hotel investment fell by 9.5% compared with the same period the previous year. Nevertheless, there were some notable single-asset transactions.

Google adjusts its search results following the EU fine

HI+Google adjusts its search results following the EU fine

At the end of July, the EU imposed a fine of 890 million euros on Google for breaches of the Digital Markets Act (DMA). Google describes the now necessary changes to its search results as the "greatest deterioration in quality" in the history of the search engine. What impact will these changes have on the visibility of hotels, flights and other services?

HOGA Campus in Berlin is taking shape

HI+HOGA Campus in Berlin is taking shape

Berlin has unveiled concrete plans for its central training and innovation campus. Politicians say the Berlin HOGA Campus is set to compete with the Swiss Hospitality Business School in Lausanne.

VIP News from 11.9.2026

HI+VIP News from 11.9.2026

Neil Jacobs / Thomas Pietzka / Simone Giorgi / Hanspeter Soller, Francesco Camello / Lisa Edelmann, David Lemper, Philipp Kaminski, Nico Rampino, Aleksandra Szymczak / Andreas Pade, Thomas Harlander / Michael Scharf, Mario Reincke, Gunnar Gust

How important is the hotel operator?

How important is the hotel operator?

The HospitalityInside Investment Barometer 2026 is launching: Join in!

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. 

Expo Real 2026

Networking at the FreiSchwimmer Bar!

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. Time to dive in on the rooftop!

Expo Real Hotel Conference: The market in turmoil

Expo Real Hotel Conference: The market in turmoil

The market is in turmoil; insolvencies and scandals have dominated the first half of the year, particularly in Germany. This will be the focus of the next Hospitality Industry Dialogue (HID) at Expo Real on 5 October. All conference panels will centre on the consequences and lessons learnt. In addition, new international operators will be introducing themselves.

Content Partner

60 years of the LS range

Timeless design for sophisticated hotel interiors
60 years of the LS range
18.9.2026

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.

A new benchmark for Adriatic resorts

A new benchmark for Adriatic resorts

Pical Resort 5*, Valamar Collection in Poreč, the most significant tourism investment in Croatia in recent years, was recently officially opened in the presence of the Prime Minister of the Republic of Croatia, Andrej Plenković and hundreds of distinguished guests from the business and public sectors.

News Mix overview

News Mix from 18.9.2026

HI+News Mix from 18.9.2026

Accor/Egypt, Aroundtown/Athens, Banor/London, Bob W/Vienna, BWH/Frankfurt, Design Hotels/Venice, Elba Hotels/Corralejo, Emilia-Romagna/Delta OpenAir Resort, Extendam/Paris, GS Bacares Iberia/Madrid, Hyatt/Witney, Jakobsberg/Boppard, Mangia’s/Eastern Sicily, Marriott/Prague, Mayburgh/Bottrop, Minor/Dubai, MHP/Düsseldorf, Novum/Frankfurt, Starboard/London, SV Hotel/Ulm, Umbria/Guglielmi Castle, Wyndham/Riyadh, YellowSquare/Naples

News Mix from 11.9.2026

HI+News Mix from 11.9.2026

Accor/Dubai, Barceló/Murcia, BayernLB/investment growth, Blackstone/HIP flotation, B&B/Milan, BWH/Sylt, CapMan/Copenhagen, Centralis/Cologne, Chateauform/Northern Europe, Dormero/Donaueschingen, IREMIS/Freiburg, Lake Como Edition/Cadenabbia, Lopesan/Las Palmas, Mangia/Breuil-Cervinia, Munich/OPES, Neustadt-Glewe/insolvency plan, Novum/Hamburg, Numa/London, Radisson/Manchester, REAQ/Berlin, Ruby/Helsinki, Vorreiter AG/Weinheim, Wyndham/Piraeus

News Mix from 4.9.2026

HI+News Mix from 4.9.2026

1912 Hotels/Marbella, B&B/Memmingen, BWH/Sutri, Demire/Frankfurt, Ennismore/Bangkok, Lerch Genusswelten/Lindau, LVG/Alagna Valsesia, Marriott/Genoa, Motel One/Salzburg, Odyssey Hotels/Münster, Premier Inn/Halle, Radisson/Berlin, RD Unique Places/Andernach, SLH/Crete, Stayery/Basel, Venice/Ai Cavalieri, Verkehrsbüro Hospitality/Bad Reichenhall, Vorreiter AG/Stuttgart, Wyndham/Frankfurt

News Mix from 28.8.2026

HI+News Mix from 28.8.2026

Accor/Gothenburg, Apulia/Fasano, B&B/Rüsselsheim, BWH/Camogli, CRC Investment/Valea Doftanei, DQuadrat Living/Bonn, Dorint/Mannheim, Essendi/Madrid, First Sponsor Group/Amsterdam, Four Seasons/Venice, Grupo Inversor Hesperia/Málaga, Habyt/Vienna, Hilton/Rome, Hyatt/Comporta, IHG/Riyadh, Kaya/Barcelona, Leonardo/Baden-Baden, LFPI/Strasbourg, Mandarin Oriental/Punta Negra, Mangia’s/Costa Ragusa, Marriott/Rome, Meininger/Cologne, Minor/Barcelona, Motel One/Koblenz, Novum/Schönefeld, Numa/Basel, Odyssey/Berlin, Palace Berlin/Berlin, Palais Coburg, Vienna, Palladium/Barcelona, Pandox/Bodø, Pestana/Paris, Radisson/Sinaia, Ravenna/Cipriani, Red Sea Global/Triple Bay, Schlosshotel Berlin/ Berlin, Signo/Mannheim, SLH/London, Toskana/Montecatini, Una Italian Hospitality/Loano, University College Birmingham/Birmingham, Veneto Valpolicella, Wyndham/The Hague

Marketplace

UK: Mayors could levy a new tourist tax themselves

UK: Mayors could levy a new tourist tax themselves
18.9.2026

The British Government intends to give mayors in the regions the option of levying a tourist tax in future. Housing Minister Angela Rayner has set out plans to this effect.

Sustainability: Communication is everything

Sustainability: Communication is everything
18.9.2026

We want sustainability, but… This excuse is heard in many businesses in all sorts of forms. Sometimes it's down to customer preferences; sometimes the effort involved is overestimated. A new toolkit tackles this very issue.

TÜV develops certification scheme for AI

TÜV develops certification scheme for AI
11.9.2026

A study has found that 79% of Germans fear the unpredictable risks posed by AI. As a result, experts have now developed a framework to assess the quality and safety of AI systems. TÜV is currently trialling the certification scheme with pilot partners and plans to make it available to businesses from the end of 2026.

Booking not permitted to take over eTraveli

Booking not permitted to take over eTraveli
11.9.2026

The EU has upheld the 2023 ruling and prohibited Booking from taking over a European flight booking portal. The renewed regulation of the industry giant is intended to prevent Booking from further expanding its monopoly.

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HospitalityInside Think Tank HITT, edition 9

Photos from the HITT Think Tank in Brussels


Financial Results

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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.

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Resilient, but saying goodbye to Cuba

Meliá Hotels Int. Q2/HY 1 2026: The reporting period was heavily impacted by a major structural shift: the group's subsidiary, Ilha Bela, completely discontinued all business and operations in Cuba.

Balance sheets
at a glance



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Sheikh with an unpaid bill at The Dorchester

A Sheikh in London had an unpaid hotel bill amounting to just under half a million pounds. Following a court ruling, the money can now be recovered. At least in part.

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A sommelier for frankincense

For Europeans, frankincense is inextricably linked to visiting a church. In Oman, the tree resin is deeply rooted in the culture. Now, the Hilton Muscat is home to the world's first frankincense sommelier.

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Sleep like a Pokémon

Pokémon fans all over the world are likely to let out a delighted cry at the sight of this announcement. A special project has been announced in Japan: a Pokémon hotel.

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Google "Bubbles" aim to prevent travel sickness

At last, there's a built-in Android solution for travel sickness. How Bubbles helps, what settings users can adjust – and who beat Google to it.

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