HA Perspective 2017


    Spain reigns on

    NH Hotels Group described its first-quarter results as its best in recent years, driven by its repositioning and debt reduction strategies. The company joined Meliá in hailing performance in its domestic market, where a strong high  season is predicted, attracting more investment, particularly in the luxury segment. NH Hotels Group reported “business dynamism” in cities [...]

    Lowry sold as transactions slow

    The Lowry Hotel has been sold by Westmont Hospitality Group and Mount Kellett Capital Management to CDL Hospitality Group for GBP52.5m. The deal came as Knight Frank pointed to ongoing interest in the hotel sector as an investment class, which was being stymied by a lack of supply. Westmont and Mount Kellet bought the site [...]

    Scandic, Motel One look outside Nordics

    Scandic said that it was seeing “breadth” in its marker growth as it continued to expand on the back of strong performance, eyeing Germany for expansion. The comments were made as Motel One opened one of its largest hotels yet in Berlin, as the country maintained its status as one of the sector’s key targets. [...]

    Ryanair adds indies to ‘Amazon of travel’

    Ryanair has taken a step closer to its goal of being “the Amazon of air travel” after announcing a partnership with Eviivo, the online booking specialists for independent hotels and B&Bs. The company told is that Ryanair were “working with other organisations to provide the chain availability”. Accommodation can now be booked via Ryanair Rooms. [...]

    Information is power

    Whoever owns the data calls the shots, delegates at the Henry Stewart Property Conference, held in London, heard. The battle for the consumer has moved on from mere brand loyalty to the complete customer experience, with brands required to up their offering. John MacKenzie, partner, Shepherd & Wedderburn, asked attendees: “Will performance standards shift into [...]

    Luxury eyed by China Lodging

    China Lodging said that it would accelerate the growth of its mid-market hotels, through a multiple brand strategy, with an eye to luxury in the future. The comments came as the region’s luxury hotel companies saw renovations limit growth, while remaining confident of long-term prospects. The past month has seen China Lodging launch three mid-market [...]

    Hotels accused of ‘freeriding’ OTAs

    Italy has become the latest country to move towards banning rate parity, joining Austria, France and Germany. Expedia, Inc, responded that banning rate parity rules allowed the “freeriding of hotels on the investments made by online travel agents”. Expedia, Inc, told us that it was concerned that the prohibition of MFN [most favoured nation] clauses [...]
    Marriott Starwood merger

    Marriott hails ‘tremendous’ integration

    Marriott International saw its share price rise by 6.4% after announcing that it was making “tremendous progress” on the integration of Starwood Hotels & Resorts. The company raised its full-year Ebitda guidance and said that hotels were seeing the benefits of better agreements with the online travel agents. President & CEO Arne Sorenson told analysts: [...]

    Rezidor’s change at the top

    Rezidor Hotel Group announced that Wolfgang Neumann was stepping down, to be replaced by Federico González-Tejera, the former CEO of NH Hotel Group and, briefly, global CEO, Carlson Hotels Group. Rezidor and Carlson Hotels will create a global steering committee, chaired by González, to “provide overall strategic direction to both companies”. Neumann will remain on [...]
    Brittain Solomons

    IHG stays organic

    InterContinental Hotels Group used its first-quarter results to continue to resist calls for consolidation, with CEO Richard Solomons maintaining that the group had sufficient scale. The results came alongside the news that Solomons was retiring after 25 years at the company, to be replaced by COO Keith Barr. Solomons told analysts: “Greater scale adds value, [...]