News & Stories
Europe drives hospitality growth: Germans' desire to travel remains strong, but with restrictions. The desire for workation is waning. Germans are still lagging behind in booking technology.
When silence settles over 180 guests in a room again and again, everyone feels: Something is wrong. And indeed, something is. The German market is at a standstill. The motto is: Survival to 2025. This is no joke. Never before have so many stakeholders been as frustrated as they are today. The 15th Hogan Lovells Hotel Day poured salt on burning wounds.
The order of the world's top-ten biggest hotel chains remains the same as in the prior year but Chinese groups stumble, Choice surges and Wyndham rebounds.
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.