Dear Insiders,
Our first article on the brand madness last week has already caused quite a stir among readers. And once again, they have responded with valuable input for another intense story. Today though, after the operators, we let the investors and financiers have their say. The message from them is more a plea for fewer brands – but with more substance. And one of them said: Operators would do better to focus on the essential problems of the industry... A super topic, great material for the discussions at Expo Real...
Following the Thomas Cook bankruptcy last week, news has broken every day. We have put together the most important information, of course with special emphasis on the hotel sector. Strange is: Thomas Cook refused offers of help from Mediterranean hoteliers. The resort hotels in Spain, Greece and Turkey face hardship as a result.
Small hotels fear for their existence, but TC CEO Peter Fankhauser has, as the British "Telegraph" reports, since taking office in 2014 earned the equivalent of around 9.4 million euros, of which 3.3 million euros as a bonus.
One would wish for a Greta against greed. In any case, the climate issue is now also giving mobility experts a boost - and hoteliers should also listen. Because if guests fly less and travel more by train in future, the pick-up service and mobility at the holiday destination will also change. Fred Fettner has listened to the discussion between the Austrian Federal Railways and the CEO of Austrian Airlines.
And in other news: Wyndham targets 10,000 franchises. Falkensteiner Hotels enters its fourth crowd investing round. At its 60th anniversary this week, Dorint Hotels thanked its investors for staying the course in difficult times. And job applicants complain in a study that employers do not state salary levels in their vacancy advertisements.
In our News Mix today, we see that the real estate sector continues to provide new openings and new brands. Plenty of topics for discussion in Munich then when, in 10 days’ time, Hospitality meets Real Estate again. But until then, some of us will step up a gear yet again. Before the Expo Real there will of course be another edition from us...
Yours, Maria Pütz-Willems, Editor in Chief
Your opinion? maria[at]hospitalityInside.com
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