Issue 2562 - 29 October, 2020

    Hungarian clampdown

    Competition regulators in Hungary have obliged local OTA to undertake five initiatives, as recompense for pressure selling activities. The action indicates a move away from simply fining offenders, says law firm Schoenherr. Szallas must cease the practice, conduct market research and a presssure selling awareness campaign, and appoint an independent board. The authority previously [...]

    Hyatt Stockholm signing

    Hyatt has launched its Unbound collection brand in Sweden, signing the Hotell Reisen in Stockholm. The 144 room property will join the collection after a refurbishment, in the first quarter of 2021. Hotell Reisen dates back to the seventeenth century, with a waterfront location in the old town. The hotel joins the group’s current representation [...]

    Resilient Wyndham

    Third quarter revenues at Wyndham Hotels were USD337m, down from USD560m a year previously. Revpar was down 36% globally, while 97% of the group’s hotels have now reopened. The group grew its pipeline by 3% to 185,000 rooms globally, with domestic conversion signings up 23% year on year. More than 18,000 rooms have left the [...]

    Preferred picks up

    Collection brand Preferred Hotels is to offer distribution to 18 independent hotels previously with the Luxe Collection. Luxe has announced it is closing its third party support for independents. Luxe had 48 hotels globally in its collection, of which 22 are in Europe and 8 in Asia Pacific. In future, Luxe intends to concentrate on [...]