News & Stories

Washington. Recovery for the business travel sector was promising but was short-circuited in 2022 by several factors including inflation, the war in Ukraine, Covid, supply chain disruption and more. As a possible recession is looming, businesses are likely to cut costs. Cautiously optimistic, experts in the sector believe the sector will recover, slower, but will recover by 2026 as hoteliers and airlines will adapt to the new trend that sees business travellers being replaced by digital nomads.

Frankfurt. The situation improved in 2021 but is not back to normal yet: The business travel volume and the spendings increased again in Germany in 2021, but are still far away from the 2019 levels. This is also caused by the permanent changed travel behaviour. At the same time, the companies' requirements towards holistic sustainability concepts of travelling employees are increasing. The pressure on the hotels is mounting tremendously.

Munich. Join in! The 9th sentiment test of hospitalityInside and its cooperation partner Union Investment is still running until 24 October. Three questions on the transaction and investment market need your answer! Vote online here right now.

London. With the Queens' death, hotels in London have been fully booked despite hoteliers doubling or even tripling their rates. But with all due respect for the principle of supply and demand, the hoteliers may have gone a little too far this time: they cancelled pre-booked rooms to resell them at a higher price, leaving hundreds of tourists stranded or forced to rebook another room at a higher fare. A new low for British hoteliers?

Vienna. And waltz please! Viennese hoteliers are happy about a July with strong turnover, overtaking July 2019. The summer has also stabilised again nationwide, even if international tourists were still missing from some countries.

London. The travel and tourism industry has recovered from the pandemic. That’s what the latest report from the WTTC explains, predicting that even over the next 10 years, the sector will outpace the global economy. China, the US, France, India, and Germany will be the winners unless a global recession kills these predictions in the egg. But Italy, not mentioned among the WTTC winners, can also count itself among the winners: Its international audience is back!

Augsburg. Mini-messages about noteworthy events of the last week(s): Ambienthotels/San Marino, Anantara/Amsterdam, Dt. Hospitality/Hamburg, Generator/New York, Golden Palace/Turin, Hilton/Dubai, Hyatt/Bulgaria, Les Collectionneurs/Italy, Limehome/Düsseldorf, Londra Palace/Venice, Marriott/Milan, Motel One/Vienna, Numa/Rome, Radisson/Poland, Santa Cristiana/Numana, Scandic/Munich, Staycity/Dublin, Venaria Reale/Luxury Hotel.

Vienna/Rome. In Austria, an ÖHV study has just brought light into the dark of the hotel energy statistics. In the next three to five years, 47% of the association members want to become independent from fossil fuels – if they are able to survive the high costs until then. The hoteliers fear that their energy costs will quadruple. In Italy, some are already expecting hotel closures in winter, if ski lifts are closed down. By July, the bills for electricity and gas had already tripled.

London. Several of Europe's largest hotel markets, led by Berlin, outperformed 2019 levels in gross operating profit per available room. In air travel, Southeast European destinations benefited, while the majority merely reduced their deficit.

Augsburg. Mini-messages about noteworthy events of the last week(s): Bergdorf Montestyria/Mariazell, B&B Hotels/Aalen, BWH/Vevey, Dt. Hospitality/Oman, Edyn/London, Federalberghi/Energy Costs, Forsters Posthotel/ Donaustauf, GSH/Stuttgart, Grand Hotel San Pellegrino/Italy, Hilton/Celle, ITA Airways/Sales, Marriott/Northern Italy, Nordic/Oslo, Relais & Châteaux/France, Scandic/Helsinki.