Issue from 23.8.2024
A hot summer with record figures
Dear Insider,
We sweated with the Olympians in what was, at times, a very hot Paris during our vacation and admired them for their heat resilience. Not only the best athletes stood on the winners' podium though, but the hoteliers too. Parisian hosts were able to make up for revenues lost before the games and in so doing claimed silver. The gold medal went to the region’s hoteliers though: Prices quadrupled in the areas around the venues. Kirsten Posautz has the figures and comments from Paris.
German hoteliers, on the other hand, have fallen into the cost trap - and this is despite a good summer season, which most of the ten hotel groups surveyed happily report today. Arabella, Hyatt, DSR Holding, Maritim, Seetelhotels, H World (Steigenberger), Munich Hotel Partners, H-Hotels, Achat and the HR Group told our colleague Susanne Stauss how they (want to) maintain a smart balance between cost increases and profit.
Business is not going to get any easier any time soon. Hotel consultant Tom Goldscheider is seeing more and more international operators travelling to Germany: They all want to get a foothold in Europe's largest source market, even when the sun isn't shining. Confidence in Germany remains high. In his guest article, Goldscheider gives strategic tips on how to enter the market.
The hotel asset class remains in the spotlight: RICS experts attest to the positive development of capital value in the sector. Offices and retail, on the other hand, are coming under increasing strain. Hotel project pipelines for Europe and globally simply refuse to dry up - which is also reflected in our news mix today. After three weeks’ holiday, we’ve had to be especially discerning in our news selection for this issue, but we still have 37 pieces for you.
And if you read the 12 balance sheets on our page 1, you will be swept away by the chains' top results in the second quarter and their great appetite for expansion. We'll hear more about this as we get closer to the autumn trade fair. Expo Real provided a brief, positive update on the upcoming real estate trade fair in Munich (7-9 October 2024).
Events of all kinds remain an important anchor for the hotel industry. This was also reflected in the 170,000 "Swifties" who crowded the streets of Vienna to celebrate US superstar Taylor Swift. Unfortunately, a planned terrorist attack ruined everything. But the city of Vienna and hoteliers saved the mood with spontaneous offers for the many disappointed people. Hats off to this great PR achievement! Fred Fettner provides a summary.
Whether in the magazine or in our public content area: After the summer break, we are back with exciting topics.
Yours, Maria Pütz-Willems
Editor-in-Chief
DACH remains attractive: How international operators can enter the region
Hotel demand is back and hotel KPIs are surging way above pre-pandemic levels. With this promising outlook, international hotel and serviced apartment operators are setting sails to ride the wave of increased take-over opportunities. Germany and the DACH region remain a sought-after market. A guest article by consultant Tom Goldscheider.
Paris Olympics sets RevPAR records
The Olympic flame has gone out - time to take stock. In Paris, the surrounding area and the other host cities, the Olympics ensured good turnover in the hotels. The hosts in the capital had to compensate for the lack of tourists before the event and in some cases had to adjust their prices.
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