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The Triangle Deal, Oktoberfest and GOP

8.9.2022

Dear Insiders,

Even Rupert Simoner wasn't aware until a week ago that Wyndham would be one of the other partners in the deal with the German HR Group. HRG CEO Ruslan Husry, at any rate, is getting serious about his announced high-speed expansion. He is driving things forward from German to European to worldwide group. The new business triangle between HRG, Vienna House and Wyndham, sealed two days ago, now brings HRG to 145 hotels and 20 signed projects.

The deal itself implies changes in shareholdings, real estate changes, a brand sale, a franchise agreement and a convoluted ownership and operator structure. And all this between four countries: Thailand, Austria, Germany and the United States. This isn’t the sort of deal you can get your head around in two minutes. Ruslan Husry, Rupert Simoner and Dimitris Manikis, Wyndham's President for EMEA, gave hospitalityInside the details exclusively yesterday.

The upcoming Expo Real in Munich and the Oktoberfest before it set the ideal stage for the industry to discuss such developments. In any case, the advance bookings for the "Wiesn" are already cheerful. And beds that are not filled now are guaranteed to be filled last minute and at good rates - despite the ever-increasing mountain of beds in Munich. According to our little survey, it's already a case of "Let the Beer Flow!"

Our Austria correspondent Fred Fettner also discovered exciting things: The lockdowns during the corona crisis have improved the GOP of hotels! Or have companies like Verkehrsbüro Hotellerie, Falkensteiner or Harisch Hotels been "over-subsidised"? For the first time, the Austrian development bank ÖHT and Prodinger have thrown together hotel figures from two different sources to find out.

There are signs of trouble as regards swimming pools today: In Switzerland, their closure is being advocated due to the emergency situation as regards natural gas. Is this a hint for the politicians in neighbouring Germany? The Germans have already been threatened with new mask and test regulations in autumn. Has the government learned nothing from two years of corona?

STR shows which European hotel markets reached 2019 levels in July; by contrast, the figures on air travel within Europe know few superlatives. On the other hand, Arabella Hospitality, MHP and Warimpex are finally pleased to report strong figures for the past financial year.

Striking is that business travel associations will in future require hotels to include the carbon footprint with every offer etc. It is still only a position paper, but who or what can be trusted today?

A few weeks after the vacation month of August, the chaos of daily life has us back in its grip. Nothing can be planned anymore. But everything is doable. Also good things.

Yours, Maria Pütz-Willems

editor-in-chief

Your opinion? editor@hospitalityInside.com

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