UK’s staycation summerIHG reported a staycation summer in the UK, with almost all bookings from domestic guests. Through June to August, the company saw the same leisure-business mix as in 2019. Rural locations were favoured, with less demand for city break hotels. Demand has been stronger from guests aged below 35, while bookings from over 65s dropped [...]
Minor strugglesThai group Minor International may have to make further staff cuts, as its home market remains closed to travellers. Chairman Bill Heinecke told Bloomberg that Thai government policy could force him to re-close hotels. Elsewhere, Minor’s hotels in China are now at pre-covid levels of occupancy. Of its 526 hotels globally, Minor currently has 83% [...]
Heidelberg double dealInvestor BKV has forward purchased two hotel developments in Heidelberg, Germany. The Adagio aparthotel and IntercityHotel will not open until autumn 2022. The blocks, to be built alongside the city’s rail station, have been sold by developer GBI. The Adagio will have 162 rooms and the Intercity 198 rooms.
KSL French buyKSL’s French affiliate Les Hôtels d’en Haut has bought three hotels in Luberon, France. The properties, totalling 64 rooms, were sold by French chef Edouard Loubet. The additions join HEH’s five existing French hotels and several luxury restaurants. KSL bought the group in summer 2019.
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