News & Stories
London/Berlin. How will the ESG goals translate into practice in concrete terms? That is what everyone would like to know. In London, in October 2020, the Energy and Environment Alliance was founded. This non-profit coalition brings together hospitality leaders from all over the world with whom one wants to define standards, measurement methods, green finance and legal issues, among others - and to do so uniformly. hospitalityInside met EEA CEO Ufi Ibrahim at the IHIF in Berlin.
Augsburg. Motel One and especially Marriott are confident with a view to the Q1 results that the markets are moving ever closer to pre-crisis times. Marriott is looking at a strong North American business, while China is weakening. Motel One enters May with 60% occupancy expectations in April.
Munich. For the first time, Munich-based MHP Hotel AG, which has been listed on the stock exchange since 2021, published its - preliminary - balance sheet figures for 2021. With a positive outlook for 2022 to 2024.
Milan. The past year marked a significant rebound for the Italian hotel investment market. Transactions amounted to a total volume of 2.1 billion euros, with 57 sales completed and about 12,000 rooms that changed hands.
Stockholm. Pandox and Scandic have already published their 2021 balance sheets and agree: the Omicron variation spoiled the end of the year, but the advanced bookings for this year and the always quick return of the markets when corona measures are relaxed give a lot of hope.
Wiesbaden. As the pandemic enters its third year, larger hotel companies in particular in Germany are now facing the question as to whether they can survive - despite the subsidies they’ve received. The number of hotels in dire need of more money has grown - thanks to the last quasi-lockdown. The matter is urgent, yet the majority of hotel groups worry in silence. Only Honestis AG/Dorint Hotels and Novum Hospitality have spoken out. And Motel One confirms the overall impression.
London/Amsterdam. London & Regional Properties, one of the biggest hotel owners in the UK, announced on Wednesday, 25 January, the formation of LRO Hospitality, a value-add joint venture with the goal of investing up to 1 billion euro in European hotel assets.
Hanover. Tour operator TUI reports an improvement in its result and a noticeable increase in bookings at the turn of the year and for summer 2022. The company describes its great flexibility as a major asset in the current situation.
London. A global alliance of financial institutions, investors and companies has announced the launch of a central platform for corporate sustainability data. It is intended to make ESG data more available and comparable, thus ensuring greater transparency in terms of sustainability.
London/Frankfurt. The hotel group Whitbread PLC has placed two bonds with a total value of GBP 550 million in the UK. This will be used to finance existing and planned sustainability projects, including the construction of hotels and the use of renewable energies as well as to secure ethical supply chains. Mark Sommer, Managing Director Finance at Premier Inn Germany, explains how Green Bonds work, what the "Greenium" is and what the role model functions mean for the industry.
