Issue 25: 3rd July 2018

    BookingSuite closes rate tool

    Booking Holdings confirmed that it was to scrap the rate management tool in its BookingSuite product. The move was taken as a sign by some observers as an indication that hotels’ direct booking strategies were being successful and that hotels were becoming more sophisticated in their sales strategies. RateManager was used to help hotels and [...]

    Whitbread pursues growth as lfls fall

    Whitbread said that it would continue to expand its estate in both the UK and Germany, despite falling like-for-like sales in its domestic market. The company used its first-quarter results to comment that it was making “good progress in preparing Costa to be demerged from Whitbread”, as activist shareholder Elliott Advisors pressed for a split [...]

    Blackstone buys Hispania

    Hispania has accepted a revised offer from Blackstone, making the private equity group Spain’s largest hotel owner. Blackstone recently lost out in the bidding for the 29.5% stake in NH Hotels Group being sold by HNA, to Minor. The offer, made through the Alzette Investment vehicle, was increased from EUR17.45 for each Hispania share to [...]

    Jo&Joe for Brazil

    AccorHotels has signed to launch its Jo&Joe brand in South America, with a 350-bed property due to open in Rio de Janeiro’s Cosme Velho district in 2020. The deal came just over a year after AccorHotels took over the management of 26 of Brazil Hospitality Group’s sites, consolidating the French company’s position as the largest [...]

    Accor pushes on with AccorLocal

    AccorHotels has signed a deal with luggage storage firm Stasher to bolster its AccorLocal offering in Paris. The company was continuing to pursue growth through the ‘third vertical’ which saw revenue driving through incremental services, as the group attempted to increase the frequency of its contact with its customers. Stasher’s initial deal has seen them [...]

    TripAdvisor bites into food

    TripAdvisor has signed an agreement with Delivery.com to bolster its food delivery business for users. The platform released a survey claiming that consumers favoured TripAdvisor over Google, Facebook and Yelp when choosing a restaurant. The agreement followed last year’s deals with Grubhub and Deliveroo. TripAdvisor users browsing restaurant listings in the US now have the [...]