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.
The third-largest European tour operator FTI has come to its knees. With the start of the summer season, the hoteliers affected are worried how they will fill their beds again. Other tour operators agreed to help.
The global hospitality industry is witnessing a complex landscape of recovery and challenge as it emerges from the impacts of the pandemic. A new Global Hotel Performance Review shows concrete figures and changes in 2023.
The German hotel industry is optimistic about the future but is aware of the challenges posed by the tense economic situation. The latest IHA industry report provides concrete figures on this.
After a lengthy preparatory process, the Fresenius Group has parted with its Austrian subsidiary Vamed. The company was filleted for this transaction.
The air in the Italian hotel market breathes excitement. The post-corona euphoria is still going strong. The country's five largest hotel groups are continuing to fine-tune their concepts and expansion. TH Group is now venturing into the 5-star segment, Accor is pushing its collection brands, B&B wants even more leisure, Bluserena wants even more of the international demand, HNH is getting ready for an IPO and Egnazia is set for a mega leap in turnover.
Althoff/Saint-Tropez, Aspire/Munich, Aurelius/Berlin Bulgarella/Sicily, Club del Sole/Forli, Deutsche Hospitality/Geneva, Elegant Hotel Collection/London, Florence/Short Term Rental, Four Seasons/Portofino, Gruppo Una/Milan, Numa/Milan, Warner Leisure Hotels/Edinburgh
