Issue 30: 9th August 2018

    NH up as Hyatt out 

    NH Hotel Group described “strong” performance across its estate as it felt the benefits of its ongoing refurbishment programme. The results were released as Hyatt Hotels Corporation said that the potential route to a takeover of the group had “narrowed to a point of being impractical”. Hyatt’s comments came after a brief few days of [...]

    Hilton looks to conversions 

    Hilton Worldwide said that it would be looking to growth in conversions to drive expansion as development activity slowed in the group’s domestic market. The company said that it expected to maintain its net unit growth targets, aided by the buoyant transactions market. Chris Nassetta, president & CEO, said that, in the US “supply numbers [...]

    Accor’s Oz sell off

    AccorInvest, the real estate company in which brand and operating company AccorHotels has a minority stake, has put its 23 Australia hotels on the market, with an estimated value of AUD300m (EUR190m). The news came as AccorHotels signed its second deal this year in the US, acquiring 85% of the eight-strong 21c Museum Hotels for [...]

    Radisson Hospitality makes lease shift

    Radisson Hospitality said that it was making progress on its five-year plan as it moved its lease focus to primary locations. The company was unable to comment on the likely impact of HNA’s expected sale of its stake in the group, which was expected to be announced imminently. Federico González, president & CEO, Radisson Hospitality, [...]

    Mandarin looks to management

    Mandarin Oriental used its first-half results to announce that it had signed five new management contracts. The company was looking to new territories outside its domestic Hong Kong market, while also expanding its Residences. The company reported a 29% increase on the year in underlying Ebitda, to USD79.6m, due, it said, to strong performances across [...]

    Hotels must up service to drive direct

    Hotels were advised to look to customer service when pushing direct bookings, according to the latest JD Power & Associates North American Hotel Guest Satisfaction Survey. The survey was released as Hilton Worldwide and Hyatt Hotels Corporation both used their earnings calls to highlight improvements to their loyalty programmes. At JD Power, the company found [...]