News & Stories
Institutional investors entered the Spanish hotel market in 2015 and by 2022 accounted for 68% of the total investment. 66% of institutional investment has been earmarked for the repositioning of hotel assets with the aim of adding value. Madrid and Barcelona account for 78% of institutional investment in urban hotels.
The German business travel market is recovering significantly but has changed. While day trips are decreasing, stays for trips of several days are getting longer. Hotels are also benefiting from this. Positive: The larger companies have allowed twice as many business trips as in the previous year.
Domestic tourism in Austria is getting back on track. The basic mood has brightened. The challenge remains: 9 out of 10 respondents in a survey feel the negative effects of price increases. The industry is coping with the ongoing labour shortage with simple, practical solutions. It must do more for the emerging sustainability criteria.
Paris. Accor currently operates around 40 Branded Residences around the world. Another 100 projects are currently in development as part of 20 selected brands. However, with the newly created Accor One Living platform, the hospitality company wants to help design - and of course operate - hotel-style privacy from the construction phase onwards.
Stockholm. Scandic has announced more details about its new economy brand Scandic Go. The first hotel opens in the Norrmalm district of Stockholm on 5 September. It focuses on recycled design, warmth and a very smart breakfast. Digital channels take over the concierge job.
Rome. Italy will see many openings in Q3 and Q4 2023 as well as a considerable pipeline until 2026. Chain properties are on the rise, but its market coverage remains thin. Leases are the most popular contract model.
New York. Does Choice Hotels want to take over Wyndham? The smaller franchise giant to swallow the bigger one? The first headlines of the Wall Street Journal and further info from Reuters went around the world since Wednesday night. Our transaction specialist warns there is a lot of smoke.
Milan. Azora has a clear vision of the future of its Bluserena Group: a company well rooted in Italy, will now be repositioned in the upscale segment aiming at a stronger leisure presence in the Mediterranean region.
Berlin. The serviced apartment sector is not only leaving the pandemic behind, but even surpassing the occupancy figures before Corona, as current market figures show. Accordingly, the mood in the sector is exceptional. Is it emerging as a winner from the current crises and challenges?
Madrid/Berlin. Earlier this week, while Minor International’s boss Dillip Rajakarier was parading in Berlin during IHIF as if everything was fine, a real drama was unfolding in Spain between Minor and NH. The attempt from the Thai hotel group to take full control of the Spanish group didn't go smoothly. Both the stock market regulator and three NH directors disagreed with the offer, calling it "detrimental" to minority shareholders.