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    Brexit drills down

    The likely form the UK’s exit from the EU will take was heavily debated at the HOSPACE event in London. Delegates were warned not to “fan the flames” of Brexit, but look for opportunity, despite fears over labour supply. Martine Ainsworth-Wells, head of destination engagement, ETOA, told delegates: “There is a short-term opportunity for Britain [...]

    Airbnb hits London

    Airbnb is pulling down rates in London, according to a joint report by Colliers International, Hotelschool The Hague and AirDNA. The study was the latest to illustrate that the sharing platform “presents a threat” with the report’s authors questioning whether increased legislation would curtail its growth. The report found that five areas of London – [...]

    Meta and Instant Book clash at TripAdvisor

    TripAdvisor said that it continued to have faith in the meta-search model, despite the launch of its Instant Book product. The company, which has seen referral revenue drop, has raised the profile of Instant Book on its mobile app and said that it would continue to favour earning “users’ trust” over driving revenue. Steve Kaufer, [...]
    Metropolitan Athens

    Greek loans stymy investment

    Athens has seen a spike in deals in the hotel market, with the Athens Hilton the latest site to be sold. Interest in the country has grown, but has been limited by the Greek government’s delay in dealing with the non-performing loans in the hotel sector. The Athens Hilton was sold by Alpha Bank for [...]

    Spanish bull drives global growth

    Spain’s operators are looking to growth in their domestic markets to drive expansion around the globe, with Germany and Indonesia amongst the targets. The news came as CBRE Hotels reported a strengthening deal pipeline in Spain, driving transactions growth in Europe. At Meliá Hotels International, the company told analysts that its development strategy “requires selective [...]

    KSL buys Outrigger

    KSL Capital Partners has acquired Outrigger Hotels & Resorts for an undisclosed fee, with plans to “elevate Outrigger to the next level”. The acquisition marked ongoing interest by KSL in the leisure and a growing move to the sector by investors as the corporate market starts to falter. KSL’s portfolio is dominated by leisure holdings, [...]

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