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    ‘Opportunistic’ Minor uses NH to drive Europe growth

    Minor International will use NH Hotels as a platform for growth in Europe, with the Spanish group giving it global reach. CEO Dillip Rajakarier told us that a number of hotels would be rebranded to improve profitability, as Minor supported NH in its five-year plan. Rajakarier said: “We’ve been very opportunistic in terms of our [...]

    Pubs leverage ‘special place’

    Marston’s, the UK regional brewer and pub operator, has set itself a medium-term target of 4,000 rooms, up from the 1,500 it has at present. The pub group joined rivals Young’s and Fuller’s in seeking to leverage the popularity of the pub to drive additional revenue streams, challenging brands such as Premier Inn and Travelodge. [...]

    Accor deepens catering offering

    AccorHotels extended its holdings in the catering sector with the purchase of Saas platform Adoria, for an undisclosed fee. The move, which follows last year’s purchases in the luxury catering and event spaces, sees the company take itself ever-more widely into hospitality. Adoria, which has 300,000 active users and more than 800 manufacturers and distributors, [...]

    IHG gets Voco

    InterContinental Hotels Group has launched its upscale conversion brand, Voco, which it plans to take to 200 sites within a decade. The brand launched with one signing in Australia and will also see the conversion of some of the hotels in the Principal portfolio in the UK, acquired by Foncière des Régions. The company would [...]

    Ctrip moves closer to Booking Group

    Ctrip has further strengthened its relationship with Booking Holdings, with Gillian Tans, CEO of Booking.com, joining the China-based group’s board as an observer. The news came shortly after Ctrip’s results, which saw the company comment that it was in a “good position to capture growth in the travel industry, both domestically and globally”. Ctrip and [...]

    Timeshare falls out of favour

    The appeal of timeshare was diminishing, while that of the sharing economy was growing, according to a survey by ISHC. The conclusions came as the separation of hotel operators and timeshare was largely complete with the creation of Wyndham Destinations, the world’s largest timeshare company. ISHC WorldView said that 69% of members surveyed believed the [...]