Issue 38: 10th October 2017

    Jerome Wise

    OTA impact flattens

    Has the hotel sector reached “peak OTA”? There was speculation at this year’s Hotel Distribution Event, hosted by Hotel Analyst in London, that this may be the case. In the strong UK market, the OTAs’ share of bookings has not increased according to data from Travelclick, reassuring many, as fears over the impact of Airbnb [...]
    NH_collection-villa-de-bilbao_134

    NH looks to global expansion

    NH Hotels Group said that it would move deeper into the luxury segment in addition to expanding globally. The company’s latest strategic update saw it target Ebitda of around EUR300m in 2019, against Ebitda of EUR180m last year. NH Hotel Group is in an ideal position to make the most of the sector’s multiple opportunities [...]
    hiltonwembley

    Deals market remains buoyant

    The transactions market continued to show strength heading towards winter, with the possible sale of Tifco Hotel Group and the disposal of two Ibis Hotels by Nine Group. The comments came as delegates at BLP’s Annual Hotel Conference heard that the current appetite from buyers was for single assets. In Ireland, Goldman Sachs is thought [...]
    thomas cook

    Thomas Cook confirms hotel fund

    Thomas Cook has followed its deal with Expedia, Inc by announcing the creation of a hotel fund to expand its own-brand portfolio. The comments came as TUI Group said in a trading update that it would continue to expand its own-brand estate, as the tour operators move deeper into ownership. Thomas Cook and LMEY, a [...]
    pandox

    Sector responds to Millennials

    Millennials are willing to reject companies which don’t share their values, according to CBRE’s recent Lean In event. The current ‘war for talent’, which is being felt particularly strongly in the UK as a result of Brexit, has seen groups within the sector change their hiring and operating practices to attract this growing section of [...]