Issue 42: 8th November 2017

    hotel_management_companies

    CMA seeks online clarity

    The Competition and Markets Authority has launched an investigation into hotel booking websites, citing concerns about the “clarity, accuracy and presentation of information on sites”. The investigation is the third time that the CMA, formerly the Office of Fair Trading, has looked at the online selling of hotel rooms, with observers expecting a change to [...]
    Hilton Q3 2017

    New Hilton brands under ‘heavy’ development

    Hilton’s CEO used the group’s third-quarter earnings to announce that it expected to launch “two or three” of its four new brands next year. The comments came as the company upgraded its full-year outlook, but saw performance in the US increasingly at odds with the rest of the world. Chris Nassetta, president & CEO, told [...]
    Marina Hotel Core

    Core brings TPOs to Nordics

    Core Hospitality has been launched by the CEO of Zleep Hotels, targeting third-party management opportunities in the Nordic region. The company told us that the market was ripe for a third-party operator, as the global brands looked to expand into a growing market which is dominated by leases. Core Hospitality already has one confirmed project [...]
    parkinn

    Nordic groups continue global growth

    Rezidor Hotel Group said that it had made “significant progress” with its five-year plan, which is expected to see it more closely aligned with Carlson. The comments came as fellow Nordic-based operator, Scandic Hotels said that it would continue to look to Germany to growth, but “selectively”. At Rezidor, Federico González-Tejera, president & CEO, described [...]
    millennium

    M&C strong amidst dissent

    Millennium & Copthorne Hotels reported strong third-quarter results as a result of new openings. The figures fuelled objections to the planned GBP1.79bn takeover of the group by its majority owner, with some shareholders complaining that it undervalued the company. City Developments has until 8 December to make a formal offer for the group. The investor [...]
    Park Plaza London Waterloo

    Refurbs on despite Brexit waver

    Peel Hotels said that it was continuing to see sales hit by uncertainty around Brexit, commenting that it was “difficult to move forward”. Peel, alongside PPHE, GL and Macdonald Hotels, confirmed plans to pursue refurbishments on its estate, as domestic travel in the UK continued to rise. At Peel, the company saw sales down 5.1%, [...]