Dear Insider,
The Germans cultivate their German Angst, the Spaniards simply roll up their sleeves. This week, real estate experts warned Germany against de-investment and a decline in consumption. Nevertheless, the hotel asset class could salto its way over many an abyss if it looks at urban/local development, thinks about mixed-use, embraces technology in operations and builds regional, sustainable supply chains. However: The cost cocktail remains toxic, says our finance correspondent Beatrix Boutonnet. But the situation is not hopeless.
Sarah Douag was hugely impressed by how many sustainable solutions Spanish destinations, tech experts and hoteliers came up with at Fitur. Nothing works without data and AI, but Benidorm, Valencia and hotels on the Balearic Islands are happy about intelligent water meters, AI-controlled room temperatures and shrinking mountains of waste. We need more of these positive examples!
You will also take such messages home with you from our HITT Think Tank, inspired by new, cross-hotel solutions. The programme has been online on our HITT page since last week, have you seen it yet? Hot stuff for investors, bankers, operators, suppliers, architects and destination managers!
Back to the market: The Italian Gruppo Una wants to get rid of its hotel chain for €1 billion. And Accor is in the process of selling its dormant Formule 1 brand (now hotelF1), many of whose properties apparently belong to AccorInvest.
From tourism: The tour operator Dertour is now also taking over the Swiss company Hotelplan, and airlines are once again offering package tours themselves. It's all about synergies and economies of scale. This is precisely why Dubai's performance continues to soar: Campaigns and even more flights bring even more tourists.
The large and small chains also join in with this song: Wyndham, Marriott, TUI and Munich Hotel Partners are jumping for joy after their quarterly and annual results.
In our personnel section today, we regret to announce the death of Hans Joachim Jungbluth, a well-known employer and lawyer in the German hospitality industry. And we ourselves are grateful to him for helping us to understand court rulings in the first ten years of HospitalityInside. R.I.P.
In our public news, we take you through a small sustainable flax bridge that magically produces sounds from your steps, and to new design ideas with cork. In addition, Florence is now banning key boxes at the entrances to (apartment) buildings, and in Ukraine they are starting to plan a vacation resort in the Carpathian Mountains.
Life and this industry offer many beautiful nuances.
Yours, Maria Pütz-Willems
Editor-in-Chief
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