In Paris, on the other hand, things are very unimpressive and quite unsportsmanlike. The ARR of a 3-star hotel has shot through the roof with a 475% surcharge. All made possible by the Paris Olympics and Paralympics. 15 million visitors are expected to hit town. The French government wanted to prevent greed and abuse and checked 1,700 hotels in the city and region last year. In 70% of cases there were complaints - from misleading ratings and hidden pricing strategies to super-expensive minimum stays without the option to cancel! Sarah Douag researched the details.
In future, the kitchenette in the new Stay Kooook serviced apartments will also come with a price tag. If you want to use them for a short stay, you will have to cough up the cash. Apart from that, SV Hotel has once again come up with new, impressive design ideas with its third room concept. All you have to do is move a few pieces of furniture around. Managing Director Beat Kuhn presents the concept.
Lifestyle makes the world go round: The Spanish lifestyle group Room Mate is making a fresh start with new investors and celebrating its rebirth in Italy. The world's largest franchisor, Wyndham, and the lifestyle brand platform SBE also want to develop chic and delightful things together and benefit from SBE's expertise: This was once the basis for Accor's lifestyle development.
The first lifestyle hotels came on to the European market eight years ago. They are driven by the big chains. Accor offers the greatest lifestyle variety with eleven brands. Sexy for investors and operators: Lifestyle in the upper upscale segment tops the luxury hotels. The organisers of the HOTCO conference in Vienna teamed up with STR/CoStar to analyse the market. Since we support HOTCO as a media partner, this article is available to you in the public section, on our Marketplace.
The EU is stepping on the brakes by setting higher interim climate targets. Will everyone (be able to) keep up? Certainly, Germany would be in a position to slow down the EU Supply Chain legislation and so throw a permanent spanner in the works for Brussels' plans.
As usual, the latest quarterly and year-end financial statements, this week from Hilton, Pandox and NH Hotels, can now be found on our homepage, accessible for all to read. As you know, we are happy to link to the original sources where you can find further financial details. And it’s to remain that way. From now on, we will abridge press releases from hotel groups on balance sheets and revenues that do not provide reference values, periods or even complete KPIs. Our readers include bankers and investors - and they expect precise information from us. HospitalityInside thus continues to provide only facts and no fakes.
Continue browsing our public content and read about multimedia consumption in hotel rooms, the half-hearted approach to SUVs in Paris, tuk-tuks in the city, the updated calculator for flights and people's new right to repair.
Enjoy reading!
Yours, Maria Pütz-Willems
Editor-in-Chief
