News & Stories

Frankfurt. The current competition between hostels and budget hotels is also taking place at the service level on the German market. Particularly hostels are showing increasing eagerness for entertainment as the second part of our Christie & Co series illustrates. As Constanze Maas, Associate Director Advisory & Valuation Services observes, both segments are trying more and more to attract business travellers. Alternative players such as Airbnb are about to follow this development. The hotel expert still considers Germany "the place to be" for both well-known and new budget brands.

Frankfurt. The global hotel market ended the year 2015 with a range of new investment records. Transaction volume of around USD 85 billion exceeded all expectations. Around 29 billion of this was attributable to the Europe, Middle East and Africa region. 2016 is expected to be similarly strong.

Augsburg. The keyword "News Mix" will bring to you tiny bits of news about considerable events of the past week(s): Europaeischer Hof Baden-Baden, JSH/Innsbruck, Preferred/Revenue, RIMC/Sheraton Offenbach, Ritz Paris/Opening, Starwood/St. Regis Dubai, W Aspen/Madrid, TLG/InterCity Dresden.

Berlin. The city of Berlin is continuing to desperately look for accommodation for refugees and – like many other cities as well – is approaching the hotel industry. The newspaper reports in connection with this that the GCH Hotel Group wants to make 22 city hotels available for this has now been denied by the group and they have also refuted more to hospitalityInside.com.

Frankfurt. In Germany, the budget and hostel segment have been massively set in motion in the last few years; the borders between them can no longer be defined clearly. Consequently, overlapping competition has developed between these two segments, not only from an economic perspective as those of investors but also through the eyes of travellers. Today, "Sleeping cheap" comes with quite a bit of sleeping comfort and an appreciable number of services. The era of small and cold sleeping cubicles is definitely a thing of the past. This is what the Christie & Co consultancy focuses on in its exclusive three-part series on the current state of the German budget market including up-to-date figures by MKG Hospitality. Our interview partner is Constanze Maas, Associate Director Advisory & Valuation Services of Christie & Co.

Wiesbaden. The keyword "News Mix" will bring to you tiny bits of news about considerable events of the past week(s): Atahotels, Azimut Moscow, Dogus/Aldrovandi Rome, Frasers/Geneva, Frederics/Berlin, Hyatt/Aqaba, InterContinental/London, Kimpton Amsterdam, Lux/Bodrum, Meliá/Innside Doha, Motel One/Newcastle, New York, Small Luxury, Travel Charme/Binz.

McLean, VA. There is movement within Hilton. During these days, the company has introduced its new Tru mid-class range and in addition to this, various media outlets are wondering about a planned spin-off of the Hilton real estate and lease operations into one REIT.

Nuremberg. China hits 109 million outbound tourists in 2015 – breaking all previous records. Outside Asia Europe is the most popular foreign destination of Chinese guests, followed by the U.S. while Germany crystallizes as the preferred destination in Europe.

Wiesbaden. The keyword "News Mix" will bring to you tiny bits of news about considerable events of the past week(s): AccorHotels/Leipzig, Art-Invest/HIX Stuttgart, Budapest, Burj Al Arab, DoubleTree/London, FRHI/ Neqta, Motel One/Munich, Patrizia/Manchester, Ritz Paris/Fire, Starwood/W Madrid, India, Titanic/Berlin.

Berlin. City trips are the fastest-growing part of the international leisure travel market. Travellers head for attractive destinations in nearby countries and also overseas. Despite the terror, the outlook for the segment remains positive. However, concerns are increasing about the impact of large masses.