News & Stories

Selina Hospitality, which has run into financial difficulties, has apparently found an investor who wants to have a strong say in its future course. And: previous investors will have to make sacrifices.

The Irish tourism industry has continued its remarkable recovery this year. Hotel transactions have also been brisk. But there is still some catching up to do.

Even after the third quarter of 2023, pipeline experts are convinced that the number of hotels in Europe will continue to grow steadily until 2025. The Middle East continues to have the largest hotel construction projects in the pipeline of any region in the world.

The serviced apartment market in Germany and Europe still has great potential, even in selected B and D locations. The apartment houses or hotels work wherever there is a lack of adequate accommodation. 

In the European hotel industry, the integration of artificial intelligence is not uniform. Chain hotels and high-end hotels are further ahead on this topic than smaller businesses. A recent survey answers open questions.

When refurbishing existing buildings, more attention should be paid to the ground floor: It is the easiest place to generate revenue, also in the catering business.

After the coronavirus pandemic, 55% of respondents believe they are well prepared for current crises, 45% do not. Bavarian scientists have spent three years researching resilience in tourism, and now the results are in. 

The political tug-of-war over whether to charge 7% or 19% VAT for the catering industry in Germany was allegedly decided last night by politicians in favour of 19%. But the government could do even more damage to the industry if it simply wants to "delete" unused coronavirus credits. At the same time, there is gentle optimism for more overnight stays in 2024.

Last week, French property company Covivio and AccorInvest, originally the real estate arm of Accor, announced they have entered into exclusive negotiations to reorganize a jointly owned portfolio of hotels – without requiring new financing. The advantage: "78% of AccorInvest's portfolio will come from fully owned establishments," said Gilles Clavié, CEO of AccorInvest, comparing to 70'% today. 

The German GS Hotel Group, not to be confused with GSH, will focus on the rugs brand in its future expansion under the umbrella name Great 2 Stay.