HA Perspective 2018

    Accor flies nest

    AccorHotels has launched a temporary hotel concept using shipping containers, called Flying Nest. The brand, designed to meet extra capacity needs at events and during busy periods, was launched just over six months after Snoozebox went into administration. Accor said that the concept had been tested at various cultural, sporting and artistic events throughout France. [...]

    Reits calling the peak?

    Host Hotels & Resorts was reported to be mooting the sale of a portfolio of non-core hotels, with a possible value of USD2bn. The rumour came as Blackstone Group was expected to buy LaSalle Hotel Properties for close to USD5bn. Host’s shares rose by 2.1% on the news of the possible sale, with the market [...]

    India budgets look outward

    FabHotels, the India-based franchise brand, announced plans to add 1,000 hotels to its existing estate of 400 by the end of the financial year. The news came as budget platform OyoRooms announced plans to expand into China, one year after Huazhu made a USD10m investment into the company. Vaibhav Aggarwal, founder & CEO, FabHotels, said: [...]

    Fosun takes happiness public

    Fosun International confirmed a spin-off of its hotels, fashion and brewing group unit, the Fosun Tourism and Culture Group. The move came a few months after Fosun said that it was looking to expand into North America through acquisitions. No further details were given in a statement to the Hong Kong stock exchange. The tourism [...]

    Tourist sites taking a tax break

    Edinburgh has become the latest city to consider a tourism tax, to help find local businesses put under pressure by rising visitor numbers. Edinburgh joins New Zealand and the Balearic Islands to seek to use taxation to address the issue of ever-expanding tourism. Last month City of Edinburgh Council leader Adam McVey commented on Twitter [...]

    Saudi Arabia targets 100k rooms

    Saudi Arabia is aiming to increase the number of hotel rooms in the country to 600,000 by 2020 from 500,000. The move was part of efforts by the kingdom to move its economy away from dependence on oil to the more sustainable tourism sector. The Saudi Commission for Tourism and National Heritage it had prepared [...]

    Accor makes US move with SBE stake

    AccorHotels has entered into exclusive negotiations with SBE Entertainment group to acquire a 50% stake in the company, which includes the Mondrian brand. The investment, totalling USD319m, would give AccorHotels a deeper footing in both the US and luxury markets, as SBE looks to accelerate its global growth. AccorHotels will acquire the 50% of SBE’s [...]

    HNA mooted for Radisson sale 

    HNA Group was rumoured to be looking at a sale of Radisson Hotel Group, less than two years after buying the company and a majority stake in the former Rezidor Hotel Group. Radisson Hotel Group did not deny the story, leading to speculation that a summer deal was likely, as the Chinese investor continued to [...]

    Airbnb deepens role in resi market 

    Airbnb announced that it was using Paris as a test for its new partnership with Century 21, which it said would make it “easier to sublet”. The agreement came six months after a deal with Brookfield Property Partners, which saw the platform move deeper into the residential property market. In Paris, the company described the [...]

    CMA ups attacks on OTAs

    The CMA said it believed a number of hotel booking sites were breaking consumer law with their selling tactics. The comments came as Expedia launched a new product offering greater choice, but raising the ire of some tour operators. The CMA identified a number of concerns, including whether commission affected rankings, whether pressure selling tactics [...]