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The scouts are out

Falkensteiner plans expansion in Germany and Italy with city hotels

14.11.2013

Vienna/Munich. The Lehman crisis also left its mark on Falkensteiner Michaeler Tourism Group and obviously contributed more towards consolidation than to expansion - and encouraged greater reflection before an announcement. Nevertheless, FMTG Board Chairman, Otmar Michaeler, explained to hospitalityInside.com on Wednesday in Munich that the group was now passed the worst and that it has new resources for new focal points. "In recent years, Germany hadn’t been one of our focal areas, which looking back was a mistake," he said. Now, the Vienna-based hotel group with roots in South Tyrol finally turns its gaze towards the unavoidable mega market in Europe - primarily with city hotels in the 4 and 5-star category. At the same time, scouts are underway in Italy: Economic hardship there could conceal a whole range of bargains. An update.

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