News & Stories
On Tuesday this week, IHG announced the acquisition of the Ruby brand for a purchase price of €110.5 million (approx. $116 million). Ruby founder and CEO Michael Struck spent two years negotiating with IHG's top management: Its standards will remain the brand standard, IHG will take Ruby to Asia and the United States at a lower cost and higher RevPAR targets.
Many restaurant guests are currently price sensitive. Equally many want to treat themselves consciously and are willing to pay a good price for good performance. How to best address both groups and optimize your pricing is, last but not least, a question of psychology. Tim Plasse, Managing Director at F&B Heroes, explains what the hospitality industry can learn from e-commerce.
The Austrian Loisium Group is injecting new momentum into its expansion plans with a crowd-investing campaign. Investors, wine and food lovers can now invest directly in the wine hotels.
Kempinski Hotels, which currently has 82 hotels, will grow in the future by shrinking by roughly 30 hotels. Pale 5-star hotels will be weeded out, only ultra-luxury gems will survive. Residences will pause, the management company should become asset-heavy. Kempinski is already undergoing another upheaval. An interview with Group CEO Barbara Muckermann.
After more than a decade of financial losses, the Pierre & Vacances Center Parcs Group (PVCP) is on the rise again. The success of the group's strategic pivot towards premium offerings is part of Franck Gervais' "Re-Invention" plan. hospitalityInside talked to the CEO about the new strategy that has paid off in less than four years.
International financial giants are currently invest mega sums to push the strategies and projects of three important players in Italian tourism: the hotel group Rocco Forte Hotels, the Mangia's Group and the Orient Express Dolce Vita Train.
"We have not yet completed the transformation, but everything is on track." After years of crisis and crisis management, CEO Gilles Clavie spoke in public again for the first time in Paris. He reported on how AccorInvest was able to absorb the economic crash.
While Branded Residences are not a new concept, they are currently enjoying a resurgence. The current trend is towards standalone properties. Demand from the (ultra) luxury segment is driving up the premium. The new hotspot is EMEA.
Ruslan Husry is a deal maker and wants to stay one: HRG's expansion list includes two more acquisitions by the end of the year. More will follow. "We are transforming HR Group to become a global hospitality leader. Now is the best time to grow."
Choice Hotels International chose October 2024 to relaunch the Radisson brand in the Americas. This move is seen as a major strategic step for the group, building on its acquisition from Jin Jiang in 2022. But for guests, owners and developers, there might be some confusion with the Radisson Hotel Group in the rest of the world.