News & Stories
Hotels continue to open diligently in Europe, with no sign of a crisis. Planning up to 2026 is also at a very high level. In the Middle East, construction is mainly taking place in Saudi Arabia and Egypt. And worldwide, the mega cities of the USA and China are fueling development.
Whether caravan or motorhome - Germans love caravanning. The motorhome segment in particular is driving the industry, with new registrations rising by almost 10% in the first half of 2024.
The development of the hotel market in the DACH region currently gives little cause for celebration. Sluggish growth, a slight increase in room rates and continued low profitability - this is the unanimous forecast. German gastronomy is weakening even more.
The German business travel market recovered rapidly in 2023, companies spent significantly more, and their employees spent more nights in hotels on longer trips. A positive change.
How relevant is the work of tourism businesses and the tourism industry for members of the Berlin Bundestag? The result of a survey is a complete slap in the face for the industry. A further analysis should work out whether Germany needs its own tourism minister.
After narrowly avoiding bankruptcy two years ago, Pierre & Vacances Center Parcs (PVCP), one of the Europe's biggest providers of holiday accommodation, has finally adopted an asset-light business model. 2,900 new lodging units should open by the end of 2026, with France and Spain targeted in particular.
The insolvency of the Munich-based tour operator FTI Group continues to spread. The hotel company Meeting Point has now also filed for insolvency. Meanwhile, competitors are filling their hotel beds.
The European real estate market faces significant challenges due to rising interest rates, leading to a slowdown in investments and asset prices. Would that be the reason why over 1,000 hotels have been for sale in Portugal since the beginning of this year?
US based online travel agencies maintained double-digit year-over-year gains in 2023, passing the 100 billion dollar mark for the first time.
The figures for the 1st quarter of this year have been analysed. The hotel industry continues to grow - worldwide. In addition to a renewed increase in full-service projects in the global construction pipeline, the entire global pipeline has reached an all-time high in terms of the number of rooms.
