News & Stories
The new Labour government in the UK has introduced major changes to employment laws and taxes, aiming to increase job security, improve workplace practices and boost wages. However, these reforms have also created significant challenges for the hospitality and tourism sectors, where even small costs can threaten business viability.
Global spending on luxury goods and services is stagnating. The industry's new growth drivers include high-quality experiences, including hospitality and gastronomy. Europe is also benefiting from this.
25hours/Jakarta, Aareal/Refinancing, Accor/Muze, Düsseldorf, ADIA/Sale, Althoff/Cologne, Design Hotels/Istanbul, Eight Hotel/Cortina d'Ampezzo, Guldsmeden/Expansion, Hilton/Italy, IHG /Novum, Garner, Oberoi/UK, Premier Inn/Rosenheim, Radisson/Kuwait, Turkey, Stayurban/Magdeburg, Tegernsee/Hotel Seegut, The Passenger/Salzburg, Tin Inn/Pipeline, Tribe/Milan, Whitbread/UK
The US and, indeed the entire world, have waited with bated breath to know the outcome of the US election. While Donald Trump is delighted with his victory, the US hotel industry will have to endure huge cost increases. The USA will also become an unpopular destination. Europe will benefit from this.
Zleep founder Peter Haber has now sold all brand rights to the Chinese company H World. He and the Steigenberger parent company are thus going their separate ways. Expansion in Europe is now on the agenda.
Albilad Capital/Riyadh, Aro Palace/Romania, ASHG/Brussels, Barceló/Dresden, BWH/Turin, Casina Cinquepozzi/Apulia, Centralis Immobilien/Limehome, Europäischer Hof Hamburg/closure, Fay/Habyt Leipzig, Grand Metropolitan/Top Int. Hotels, Hilton/Abu Dhabi, Hyatt/Malta, IHG/Montenegro, Marriott/Openings, Meliá/Malta, Moxy & Residence InnMarriott/Cork, Pyramid/Axiom, Tribe/Düsseldorf
Hyatt's appetite for all-inclusive remains strong: the Chicago-based chain has now entered into a joint venture with a 12,000-room all-inclusive group from Spain. As a result, Hyatt's all-inclusive room portfolio is expected to grow by around 30 percent.
Global chains would like to accommodate even more brands in the DACH region. The number of brands has increased in Germany, Austria and Switzerland, but in this region in particular, the question is: how sustainable is this?
a&o/Antwerp, Aareal Bank/Henderson Park, Accor/Oman, B&B/Sardinia, Bucharest/Mixed Use Project, Bypillow/Padua, Deutsche Pfandbriefbank/Starwood Capital, Felix Hotels/Sardinia, Fiera Milano/Sardinia, Four Seasons/Greece and Morocco, Hyatt Regency/Rome, IHG/Italy, Leonardo/Rome, Limehome/Karlsruhe, Mama Shelter/Amsterdam, Nemi Nest/Milan, Numa/Valencia, Reuben Brothers/Apulia, Ruby Workspaces/Munich and Düsseldorf, Staycity/Oxford
Earlier this week, a newspaper article sent a shockwave through the tourism sector when reporting that Uber was exploring the possibility of acquiring Expedia.