News & Stories
The current uncertainty in the market environment is making investors more cautious. However, according to a recent survey, they expect returns to remain robust, as not only financing costs but also rents are likely to rise. In these hesitant times, ESG becomes the decisive investment criterion...
Three out of four business travellers in Germany often forgo flights and prefer to take the train, according to a new study. Business travellers are raising their own standards.
The German business travel market is recovering significantly but has changed. While day trips are decreasing, stays for trips of several days are getting longer. Hotels are also benefiting from this. Positive: The larger companies have allowed twice as many business trips as in the previous year.
Brussels. The EU Parliament passed a stricter Corporate Sustainability Due Diligence Directive yesterday, 1 June 2023, with an unexpectedly large majority. It requires stricter due diligence obligations for companies in the EU - and even for smaller companies than previously expected.
Vienna. Austria's tourism experts always keep an eye on their SMEs – and also promote them in terms of sustainability. “Green" labels currently rain down on this segment. However, this breeze is not refreshing, as the EU activities in particular resemble a diaphoretic jungle and overlap considerably with national eco-labels. A number of hotels provide encouraging examples to follow. Yet how much they actually contribute to the reduction of CO2 remains unknown.
Brussels. The EU is pouring money into "green tourism" ideas. The way there leads through a jungle, but a compass now helps.
Basel. A Swiss non-profit organisation gives used soap a second life. So far, it has collected, recycled and donated almost 250,000 soap bars used in hotels. This way the founder of SapoCycle, Dorothée Schiesser, wife of a hotelier, is helping to reduce waste and save sick children around the world. An example of social sustainability.
Vienna. When asked whether sustainability is important, hardly anyone will answer "no" these days. The social consensus and, as a consequence, the social pressure are too great. But what does this look like in practical terms when it comes to booking a trip? How much is compliance with sustainability criteria worth to those willing to travel? A recent study among Germans interested in holidays in Austria got to the bottom of this question.
Beijing. Accor and Jin Jiang Hotels want to jointly promote sustainable practices across the hospitality industry. Both have just signed a corresponding memorandum of understanding for ten years and is to apply above all to the hotels in China.
Stuttgart. More than a quarter of all investments planned for 2023 is reserved for sustainability. This is an increase of 16% compared to the previous year. Large companies with at least five billion euros in annual turnover have increased the share by 20%.