HA Perspective 2017

    Holiday Inn Express Hamilton

    IHG remakes the globe

    Keith Barr’s first act as CEO of InterContinental Hotels Group has been to reorganise the group’s geography. The move sees the creation of a new operating region, Europe, Middle East, Asia & Africa, leading to two regional CEO appointments, as speculation over the future of the company deepens. Kenneth Macpherson, currently IHG’s CEO of Greater [...]
    euro-market-outlook

    Invesco hails ‘mainstream’ hotels

    Invesco Real Estate has acquired a portfolio of 13 hotels across Germany and The Netherlands for EUR530m from Apollo Global Management. The investor commented that hotels were now seen as mainstream real estate investments, as a study from Hotstats pointed to rising profitability in hotels in Europe. Invesco’s new European hotel fund acquired up 38% [...]
    Airport Departure and Arrival sign at Heathrow, London

    Taxing tourism’s troubles

    Malaysia and the Balearic Islands have both focused attention on tourism taxes, as they seek to control visitor numbers. The efforts came as the UNWTO reported that destinations worldwide welcomed 598 million international tourists in the first six months of 2017, some 36 million more than in the same period of 2016. At 6%, growth [...]
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    Trivago sticks to plan after warning

    Trivago saw its shares fall by 27% after announcing that full-year revenue growth would be 10 percentage points lower than previously forecast. The metasearch group blamed marketing spend rising at a faster rate than revenue, as the company aid it would focus on a long-term view of the business and “continue to innovate”. Earlier this [...]
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    Barceló denies NH takeover

    Barceló told Hotel Analyst that reports linking it to a takeover of NH Hotels Group were untrue. The rumours came as a court in Madrid rejected a lawsuit from shareholder HNA Group, calling for  the ousting of its board members at NH last year to be reversed. Speculation linking Barceló to NH started to swirl [...]
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    PPHE’s Brexit funding boost

    PPHE said that it would continue to take advantage of “favourable” market conditions to release part of the sale of its hotel assets to raise funds. The results came as STR blamed a fall in occupancy in London in August on a spike in supply. PPHE said that, notwithstanding a “sharp increase” in business rates [...]
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    Institutions eye hotels

    Record revpar levels helped hotels in the UK deliver a 3.8% increase in profitability measure goppar in July, according to HotStats. The news came as JLL strengthened its team targeting institutional investors, with EMEA hotels & hospitality CEO Philip Ward telling us that the institutions were increasingly flexible in their approach to the sector. Revpar [...]
    Dalata Cardiff Clayton Hotel Night

    Dalata banks on city centres

    Dalata has agreed a lease on a new 300-room hotel in Manchester, to open in 2020, as it looks to add around 7,000 rooms in the UK. The company told us that it was beating out the competition for key city-centre sites by using its balance sheet, but that finding suitable properties remained challenging. Dermot [...]
    Hyatt Ziva Puerto Vallarta

    Hyatt continues experience drive

    Hyatt Hotels Corporation has acquired its second wellness brand this year, with the purchase of Exhale, the US and Caribbean-based group. Earlier this year saw the company buy Miraval Group from KSL for USD215m, as Hyatt’s CEO described the group’s growth strategy as extending the Hyatt brand “into adjacent spaces beyond traditional hotel stays. Steve [...]
    Expedia PartnerCentral

    Expedia brings Alice to the party

    Expedia, Inc has invested USD26m in guest-request software group Alice, giving it a majority stake. The deal deepens Expedia, Inc’s involvement in guest relations, at a time when competition for customer ownership grows. Expedia, Inc’s participation in the Series B funding round was not the first for the online travel agent, which last year closed [...]