News & Stories
The serviced apartment market in Germany and Europe still has great potential, even in selected B and D locations. The apartment houses or hotels work wherever there is a lack of adequate accommodation.
In the European hotel industry, the integration of artificial intelligence is not uniform. Chain hotels and high-end hotels are further ahead on this topic than smaller businesses. A recent survey answers open questions.
When refurbishing existing buildings, more attention should be paid to the ground floor: It is the easiest place to generate revenue, also in the catering business.
After the coronavirus pandemic, 55% of respondents believe they are well prepared for current crises, 45% do not. Bavarian scientists have spent three years researching resilience in tourism, and now the results are in.
The political tug-of-war over whether to charge 7% or 19% VAT for the catering industry in Germany was allegedly decided last night by politicians in favour of 19%. But the government could do even more damage to the industry if it simply wants to "delete" unused coronavirus credits. At the same time, there is gentle optimism for more overnight stays in 2024.
Last week, French property company Covivio and AccorInvest, originally the real estate arm of Accor, announced they have entered into exclusive negotiations to reorganize a jointly owned portfolio of hotels – without requiring new financing. The advantage: "78% of AccorInvest's portfolio will come from fully owned establishments," said Gilles Clavié, CEO of AccorInvest, comparing to 70'% today.
The German GS Hotel Group, not to be confused with GSH, will focus on the rugs brand in its future expansion under the umbrella name Great 2 Stay.
London is set to become the most attractive European city for hotel investment in 2024, other well-known cities follow in its footsteps. The Middle East and North Africa’s importance as sources of investment grow.
Accused of tax evasion in Italy, Airbnb suffers a preventive seizure of more than 779 million euros.
The empire of the billionaire entrepreneur René Benko from Vienna, who is now stumbling, also includes hotels. There is growing uncertainty as to how the Tyrolean property shark's convoluted Signa real estate group will continue.