HI+

The glass is half-full

6.10.2022

Dear Insiders,

The hotel industry has defied the crisis and showed its colours with about 50 exhibitors at the Expo Real in Munich. The industry did not show any signs of depression but was rather contemplative and concerned. The turnovers are good to very good in 2022, the inflation helps to establish higher rates; mostly, the bookings until November are very positive. This means, the glass is half-full!

However, the glass can tip over any time, but this applies to all industries. The waiting for a clear signal from Berlin concerning energy costs is wearing everybody down; the mental strain is enormous. As long as there are no political guiding principles, no financing is available for classic hotels. Investors and developers are keeping still. Serviced Apartments are more attractive, however, and are now overtaking the classics in hospitality.

Remarkable: After corona, the operators are moving closer together with their owners/investors. Moreover, the industry still has its fans in the financial world! So far, the market adjustment has only started among the operators. There are no insolvencies on the horizon yet.

Changes are only visible in niches and in the small print. This year, many people want to know, what the others are thinking what and what their plans are: Therefore, the panel discussions at the Expo Real Hotel Conference were all full or even over-filled; the participants listened so attentively and silently that you could hear a pin drop. More so than last year, everyone was looking for the exchange of information, even if the conclusion was in many cases: Everybody knows that the others do not know more.

Our exhibitors and other exhibitors drew a large crowd! For two days, the interest was very high! In addition, the Federal Minister for Housing, Urban Development and Building, Klara Geywitz, was looking for collaborations with the entrepreneurs during her Tour d'Expo Real: She also stopped by at the "World of Hospitality" stand.

Because we all only returned from the trade fair last night, we summarised the basic mood concerning the hot topics of hotel financing and development today, and we bundled the latest, trade-show related expansion news. More will follow next week, in word and image.

We are even more interested in your opinion after the discussions at Expo Real. Please take two minutes for our current autumn survey. The Investment BAROMETER 2022 in cooperation with Union Investment is still running! You will receive all the results at the end... Vote - go directly to the online barometer here!

The hospitalityInside SPECIAL on Expo Real remains available online. Browse through the e-magazine here, which also describes the co-exhibitors of the World of Hospitality in a bundle.

Lindner Hotels is starting a distribution cooperation with Hyatt Hotels. The core brand Lindner as well as the smart sister brand me and all hotels are now part of the Joie de Vivre brand and are listed in the entire Hyatt system, including a loyalty programme. However, Lindner's clientele is mainly from the German-speaking countries. Does this deal make sense after all? CEO Arno Schwalie says yes.

With our two contributions about tourism strategies in Amsterdam and Israel, we are pointing out again two extremes in tourism: The Dutch want to keep away day tourists and over tourism with a tax of 30%, Israel is trying to double its numbers of tourists now. What is sustainable about the latter?

And there will be an abundance of other news ready for you, which is not related to the trade fair but equally worth reading.

Yours, Maria Pütz-Willems
editor-in-chief

Your opinion? editor@hospitalityInside.com

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