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News & Stories

New study "Hyper-Consuming 2010" by the Zukunftsinstitut
Between trash and hyper luxury
29.7.2005

Kelkheim. Even the glutted market of Germany still has a chance of improving consumption. After yet another intensification of consumer behaviour regarding cheap and hyper luxury, there will be enough space for the reasonable product of the middle bracket by 2030. A new study by the Zukunftsinstitut Matthias Horx.

Hotel profits bounce back: Germany strong
22.7.2005

London. After three consecutive years of declining profitability, the European hotel industry has started to recover lost ground. According to the Annual Profitability HotelBenchmark Survey by Deloitte, hotels across Continental Europe reported 7% growth in profit per available room in 2004. Eastern Europe markets were the star performers. Biggest loser of all cities was Milan.

First Conrad in the Carribean
22.7.2005

Brussels Conrad Hotels, the young luxury brand of the Hilton Family, has signed a management agreement with the Bahamas based RAV Bahamas Limited, a subsidiary of The Capo Group, to operate and manage Conrad's first hotel in the Caribbean, a luxurious 250 room hotel, spa and casino resort, located on the island of Bimini.

Sol Meliá strengthens presence in the US
22.7.2005

Miami Beach. For the first time the Spanish hotel group Sol Meliá will open a hotel under its own brand name in the USA. The Meliá Royal Palm will further underline the hotel group's strategic plans for expansion in the land of opportunity.

Lego concentrates on core business
Blackstone announces acquisition of Legoland
15.7.2005

New York/London. The Blackstone Group announced the acquisition of Legoland Parks by affiliate company Blackstone Capital Partners IV, for €375m. The deal includes Legoland's four family theme parks in England, Germany, California as well as in Denmark where the company has a 176 room hotel. This follows Blackstone's acquisition of Merlin last month. The intention is to combine the two businesses. The company also announced plans for a hotel at the German Legoland in Günzburg.

Trump in Las Vegas: Sold at Groundbreaking
15.7.2005

Las Vegas. Three days ago Donald Trump and his partner Phil Ruffin personally led the groundbreaking at the site of the new Trump International Hotel & Tower Las Vegas.

GfK survey: "Silver Generation" with the highest market potential
Seniors counterweight "discountisation"
15.7.2005

Nuremberg. Within as little as ten years, the silver generations' share of the German population will grow by 10 per cent. The older consumer will influence the purchasing power of the future. In 2005, the over-60s have more than 400 thousand million Euros available. The GfK Group, a reputated market research organization, presented her exclusive market survey for the over-60s last Friday.

HVS Market Analysis about Oman 2005:
Billion Dollar-investment attracts chains and capital
15.7.2005

Muscat. In many aspects Oman develops similar characteristics and dynamics than other Middle East hotel markets. The sultanate of Oman under Sultan Qaboos sees a lot of potential in the hotel and tourism industry. Approximately US$5 billion will be invested in the tourism sector across Oman between 2005 and 2010. HVS International analysed the market*. 

Boom in Dornbirn: Four Points and Fairmotel are launched
15.7.2005

Dornbirn. Two large hotel projects are to be realized in the Rheintal, Vorarlberg. Austria's first Four Points by Sheraton is to be completed soon, right next to the Dornbirn Trade Fair. A novel motel concept is also to follow.

Holiday Criteria 2005: Cleanliness, tranquillity and food are less important
Germans are price obsessed
15.7.2005

Hamburg. Even the tourist industry has meanwhile come to feel the full effects of increased thrift. In 2005, German holidaymakers choose their holidays almost exclusively according to value for their money - and thereby paid more attention to price. The BAT Leisure and Tourism Research Institute in Hamburg asked 3,000 people about the criteria under which they selected their holiday destination for 2005.

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