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    Minor buys NH stake

    Minor International announced that it would be an 8.6% shareholder in NH Hotels Group after paying EUR192m for 30 million shares formerly owned by Oceanwood Capital. The deal came after last year’s investment in Corbin & King, which it said would “transform its hotel restaurants into an attraction that draws the crowd and accelerate growth [...]

    EasyHotel looks to Europe

    EasyHotel is to turn its focus on Europe as the UK comes under pressure, describing the current period as the “perfect time to go to Spain”. The budget player was not alone, with Motel One also looking to the country for expansion as it opened its first hotel in Spain, in Barcelona. At EasyHotel, the [...]

    Airbnb to collect tax in Denmark

    Denmark is set to become the first country to require Airbnb to report the income of owners to the tax authorities. The sharing platform welcomed the news, which came as UKHospitality called on the Mayor of London to ensure fairness and transparency regarding the short-term letting of homes, with further legislation mooted in the capital. [...]

    IHG deepens resorts business

    InterContinental Hotels Group has signed eight resort properties in Thailand, across its Holiday Inn, Holiday Inn Express and Staybridge Suites brands. The sites, consisting of conversions and new builds would, IHG said, drive growth in its resorts portfolio. The properties, in the key resort destinations of Pattaya, Rayong, Phuket, Khao Lak and Koh Samui, [...]

    Hilton grows with Country Garden

    Hilton has signed a deal with China-based developer Country Garden to manage a number of properties in the country under its brands. The agreement focused primarily on the DoubleTree by Hilton and Hilton Garden Inn brands,  as the country’s hotel sector looks increasingly to the mid market. The partnership saw an initial six hotels owned [...]

    Regions under pressure 

    Shearings Leisure Group has bought three hotels to the market in the regional UK, with total offers sought of GBP4.55m. The decision came as ongoing cost creep drove a 0.9% decline in goppar (operating profit) in April in the UK, according to Hotstats. The hotels being marketed were the Strathmore Hotel, Morecambe, Eden Arms Hotel, [...]

    Brands moot contract ‘flipping’

    The global operators were being encouraged to be more flexible in their contracts, offering the chance to flip between management and franchise, delegates at the Hotel Operations Conference heard. Caution was urged in relation to funding, with concerns that lenders were more reassured by long-term contracts, rather than those which might change within five years. [...]

    Hotels told to multi-skill employees

    The hotel sector was trying to do more with less in terms of staff, as the pressures of rising wages and, in the UK, Brexit, exacerbated the war for talent. Delegates at this year’s Hotel Operations Conference heard that the challenge facing hotels was maintaining customer service and brand standards while increasing retention. Per Denker, [...]

    Hotels aim at the margins

    While hotel revpar continues to grow, margin growth is harder to find as costs continue to rise. Delegates at the Hotel Operations Conference heard a range of suggestions to help improve the bottom line, both by improving revenues and cutting costs. Times change, and as Simon Allison, chairman, Hoftel, pointed out, it’s a while since [...]

    Elegant sees Caribbean lift

    Elegant Hotels said that it was seeing stabilisation in the luxury market in Barbados and was continuing to assess the potential for expansion. The comments came as Meliá Hotels International described its expansion plans in the Caribbean, seeing growth at the high end despite concerns from the WTTC about the region’s recovery since the hurricanes [...]

    Travelodge feels cost pressure

    Travelodge’s CEO said that the group was “not immune” to the cost pressure facing the sector. With staffing a key factor in the rising stresses on hotels, calls increased to attract more employees to the industry from within the UK. Peter Gowers, Travelodge CEO, said: “Rising sales from business customers, boosted by our new SuperRooms, [...]

    Thomas Cook eyes own-brand hotels

    Thomas Cook said that its GBP150m fund, announced earlier this year, would allow it to grow its own branded hotels. The company, which recently launched the Cook’s Club brand, said that it planned to have 10 to 15 managed hotels in the fund by 2020. Thomas Cook and LMEY, a Swiss hotel development group, entered [...]