News & Stories
The hotel and gastronomy industry in Germany has had a difficult few years and the outlook is bleak. The only ray of hope is the reduced VAT rate for food in the catering industry, which could provide relief for businesses.
The Spanish company Keytel has displaced Best Western Hotels (BWH) from the top ten of the 200 largest hotel chains worldwide, measured by number of rooms. Three Chinese companies in the top ten have overtaken those from the US or Europe, with H World growing the fastest. Power is shifting.
The German economy is not gaining momentum, and the hotel and catering industry is suffering as a result. With exploding costs and revenue losses, many businesses have their backs to the wall.
The budget hotel group Cocoon has opened its fourth hotel in Munich – and achieved top results within three months thanks to its prime location next to the Oktoberfest grounds, family-friendly apartments with kitchenettes and co-working spaces. A leap forward in concept and quality.
The consequences could be dramatic: Spain's hospitality industry is bracing for unprecedented disruption this August, as new national legislation demands all short-term tourist rentals (STR) be registered in a centralized database...or risk removal from major booking platforms.
Real estate investment manager ActivumSG announced this week that it has acquired a majority stake in German project developer Centralis Immobilien. The two companies plan building a multi-million-dollar platform for serviced apartments.
As part of its new global umbrella brand strategy, Minor is now launching four completely new brands in all categories: The Wolseley Hotels, Minor Reserve Collection, Colbert Collection, and iStay Hotels.
Revo Hospitality is currently the No. 1 pan-European white label operator, backed by around 260 hotels and approximately 1.3 billion euros in revenue. Now Ruslan Husry, the lease lover, is switching almost completely to franchising. He is pushing his system platform, entering new markets and looking for investors.
Hotels, not short-term rentals, are to blame for Europe's overtourism crisis, at least according to Airbnb co-founder Brian Chesky. A curious claim, coming from the very platform that turned spare bedrooms into a global real estate strategy one would say.
At the beginning of June, Pandox AB and Eiendomsspar AS made a joint bid to acquire Irish company Dalata Hotels. Dalata initially rejected the offer.
