HI+

Revolution, turn of an era, appeals

15.6.2017

Dear Insiders,
The real estate scouts are running – from A to B to C. The real estate bottleneck in top cities has prompted interest in smaller regionally important locations. And these need special concepts and specialist operators, developers and consultants report today. Certainly local expertise, local capital and local franchisees can only have a positive impact.
Italy too is attracting investors – those looking for a ROI of three percent and more. That can certainly boost demand, not only because returns are falling everywhere, but because operators in Italy are waking up and breathing new life into their concepts – and are even prepared to discuss contracts.
A turn of an era, also in OTA business: "Europe has the highest online bookings rate in the world," Simon Lehman said, President of Phocuswright at the Amsterdam Conference of the renowned data research company. In three years already, 33% of online bookings will be made via smartphones; today it's 20%. The revolution is underway: The customer has the power!
Just what challenges the sector faced in 2016 is revealed in the new annual report of the European umbrella organisation HOTREC. Its President expressed her thanks on Tuesday evening at the German International Hotel Association for its commitment – and IHA Chairman Otto Lindner appealed to all hoteliers to fight back and to shape their own futures. There were strong words at the IHA's 25th anniversary.
As of this week, TrustYou is blazing a new trail: A gigantic Japanese internet and media company has acquired 100% of the review platform. Co-founder Benjamin Jost is satisfied. With the additional financial resources from the new owner, TrustYou will now be able to grow faster.
The EXPO REAL Munich also continues to grow. This coming October, it is set to burst at the seams. The joint stand "World of Hospitality" is nearly full. For this reason, we again offer a limited number of logo partnerships. The new packages are ideal for all those who want to communicate their brand(s) and need a quiet space for meetings with their guests at the trade fair. Those interested should contact our Managing Director Michael Willems.
And a correction from our last edition: The Dusit Thani Bangkok will not close this June, but in June 2018. Sorry. And: Many thanks for all your positive comments on our reaction to a declined interview with Trump Hotels! We are all agreed!

Yours, Maria Puetz-Willems, Editor-in-Chief

Your opinion? maria@hospitalityInside.com

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