News & Stories
The Maritim name has been emblazoned on the top of this tower on Amsterdam's IJ waterfront for some time, but water damage has repeatedly delayed its completion. A few days ago, the German group terminated its 50-year contract with the owner, Union Investment Real Estate.
There was a slight sense of optimism, but no one expected miracles: Expo Real 2025 breathed realism, and the hotel industry followed suit. The resilience of the industry is viewed positively, but fluctuations remain within the industry.
Three-star hotels, once the largest group in Spain, have lost ground. Four- and five-star properties now hold most of the country's rooms, driven by higher prices, strong demand, and new investment. Of course, some investors still see interest in the budget segment, but overall, across Europe, hotel portfolios are going upscale and luxury.
Several German cities are currently warming up for an Olympic bid. Proponents and opponents alike are arguing about the economic impact of the Games. They fear that cities will incur debt and that tensions will arise on the housing market.
Which operators will still be available to hospitality investors as reliable partners in the future? A panel with the current Movers & Shakers on the hospitality stage at Expo Real - with Covivio, Art-Invest, Premier Inn, Revo, IHG, Motel One and Erste Group Bank - sought answers to this question.
A few days ago, Gorgeous Smiling Hotels (GSH) announced its new parent company and at Expo Real it signed franchise agreements with Wyndham for 25 hotels belonging to the group in Germany and Austria.
Barceló/KanAm Grund Group, Cocoon/Munich, Dorint/Halle, Horwath HTL/Hotels & Chains Report, IHG/Reykjavik, Motel One/Flemings, Novum/Financial Year 2024, Pan Am/Hotels
The opening of the long-awaited Maritim Hotel in Amsterdam has been postponed once again, following a major setback during a safety inspection.
Amsterdam is once again at the centre of a dispute over mass tourism. A coalition of residents has filed a collective lawsuit against the municipality, accusing city leaders of ignoring their own rules on controlling mass tourism.
Even though Europe's tourism sector remains difficult, Pierre & Vacances-Center Parcs announced it will keep its financial target for 2025, expecting an adjusted EBITDA of more than 180 million euros, and setting a new goal of 270 million euros for 2030.
