HI+
Stormy gusts
2013 hotel industry in review: In the wake of the incalculable
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Augsburg. As the year always ends on December 31, hospitalityInside.com provides its end-of-the-year review in January, just like always. This time, the Online Travel Agents brought exciting news for Christmas again. In 2012, dependency on distribution, lawsuits and investigations by the cartel office caused much uproar within the industry. The discussions about financings, locations and brands were less emotional but more realistic, factual and bitter. The weaker the banks, the larger and more looming the influence of foreign capital becomes. New governments, EU directives, local referendums, taxes – these terms alone reveal how hard the year has been for many hotel managers in Continental Europe. Only joint ventures, strategic alliances and brand restructurings allow the stronger ones to become even stronger. There were no noteworthy mergers or acquisitions. A review resembling a trend summary.