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    airbnb

    Airbnb’s ‘next big chapter’

    Airbnb has announced plans to expand into offering trips to guests and, eventually, flights, car hire and other staples of the OTAs. The company said that the launch of Trips was “the most significant development in its eight-year history”. The Trips service is now live in 12 cities, including London, Paris and Havana, expanding to [...]
    skyscanner

    Ctrip moves on Europe with Skyscanner

    Ctrip is to buy Skyscanner for GBP1.4bn, with the meta-search brand to remain “operationally independent”. The deal is the most high-profile for Ctrip so far in Europe, as it moves into the heartland of shareholder The Priceline Group’s Booking. Ctrip is currently the second-largest OTA in the world by market capitalisation, at USD24bn at the [...]
    grosvenorhousemarriott

    Sahara saga nears an end

    A consortium led by London-based 3 Associates Capital is thought to be the only bidder remaining in the ongoing attempt by Sahara to sell the Grosvenor House Hotel plus two US assets. The all-equity USD1.15bn offer is thought to have been driven by the falling pound, with 3 Associates beating the Qatar Investment Authority to [...]
    Lyf-Big-Bed-Room-916x516

    Ascott, Leonardo go niche

    The Ascott Limited and Leonardo Hotels have both launched brands in the lifestyle segments, eyeing the Millennial and night-time markets. The new flags came as Marriott International announced that it would divide its brands along “distinctive” and “classic” lines as it brings order to its 30-strong stable. Leonardo Hotels has added Nyx Hotels to its [...]
    meridienetoile

    Henderson banks on Paris

    Henderson Park has acquired the Le Méridien Etoile in Paris, France, from Mount Kellet Capital Management and Cedar Capital for EUR365m. The acquisition was made despite Paris suffering from falling occupancy as a result of the terrorist attacks one year ago and the suspected impact on trading of Airbnb. This deal was the first for [...]
    angelcardiff

    Cairn continues deals drive

    Cairn Group has acquired a GBP75m package of Hotel Collection properties, including the Old Ship in Brighton and the Angel in Cardiff, from Lone Star Funds. The deal is the latest in a series of transactions which have seen owner operators rise in prominence as performance strengthens in the regions. The acquisition came six months [...]
    Accor Ibis Styles

    Accor makes scale argument

    AccorHotels has expanded its Marketplace offering to the US, allowing independent hotels to join its distribution network. The news came after the company’s investor day saw its CEO describe digital as “of the essence”, outlining its strategy to use technology to drive differentiation. AccorHotels aims to add up to 200 properties, in 10 key US [...]
    pandox

    Pandox backs leases

    Pandox has acquired seven hotel properties in Europe – four in Germany, two in Austria and one in the Netherlands – from Invesco Real Estate for EUR415m. The news came as the group hosted its annual Hotel Market Day, telling attendees that it saw the leased model getting “stronger and stronger” in Europe. The Invesco [...]
    Media concept

    Brexit fears shrugged-off by UK hotel leaders

    Despite Brexit, the UK hotel industry can be cautiously optimistic about the New Year, said senior hotel executives at this year’s Deloitte conference, held in London in November at the Dorchester. Hotel CEOs are expressing more concern about the medium and long term than any immediate after effects of the UK vote to leave the [...]
    HOSPACE2016

    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

    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 – [...]
    tripadvisor

    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, [...]

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