Ruslan Husry is stepping on the accelerator to turn HR Group into the largest digitally focussed multi-brand hotel operator in Europe. HRG now shuts down two offices and lays off the majority of its employees.
Three months after filing for insolvency, one thing is clear: Europe's third-largest tour operator is being resolved. This hits employees and creditors hard.
Hotel demand is back and hotel KPIs are surging way above pre-pandemic levels. With this promising outlook, international hotel and serviced apartment operators are setting sails to ride the wave of increased take-over opportunities. Germany and the DACH region remain a sought-after market. A guest article by consultant Tom Goldscheider.
Hotels continue to open diligently in Europe, with no sign of a crisis. Planning up to 2026 is also at a very high level. In the Middle East, construction is mainly taking place in Saudi Arabia and Egypt. And worldwide, the mega cities of the USA and China are fueling development.
Whether caravan or motorhome - Germans love caravanning. The motorhome segment in particular is driving the industry, with new registrations rising by almost 10% in the first half of 2024.
The development of the hotel market in the DACH region currently gives little cause for celebration. Sluggish growth, a slight increase in room rates and continued low profitability - this is the unanimous forecast. German gastronomy is weakening even more.
The German business travel market recovered rapidly in 2023, companies spent significantly more, and their employees spent more nights in hotels on longer trips. A positive change.
How relevant is the work of tourism businesses and the tourism industry for members of the Berlin Bundestag? The result of a survey is a complete slap in the face for the industry. A further analysis should work out whether Germany needs its own tourism minister.
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.
Apulia/Cala Ponte, BrownHouse/Muze, CPI Property/Sunčani Hvar Sale, Experimental Group/Rome, Four Seasons/Private Residences Istanbul, IHG/Vignette Doha, It Mallorca Unique Spaces/Valldemossa, Kempinski Leipzig/Virtual Opening, Legat Living/Brandenburg, Marriott/Luxury Collection Tbilisi, Marriott/Autograph Collection Budapest, Numa/Rome, Radisson/Budapest, Stay Kooook/Leipzig, Tuscany/Hotel Oreion Forte dei Marmi, TUI/The Mora Zanzibar, Xenia Hotellerie Solution/IPO
