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    Expedia makes short-term rental move

    Expedia Group has acquired two software solutions which will “embolden” its short-term rental offering. The comments came as the group released its third-quarter earnings, which saw room night growth narrow and Ebitda increase as the CEO described being in “the early days” of the company’s journey. Expedia Group has bought Pillow, a software solution that [...]

    Hyatt looks to guest engagement 

    Hyatt Hotels Corporation said that it was looking at multiple ways to drive guest engagement as it pushed direct bookings and sought to distinguish its brands from its competitors. The company, which recently acquired Two Roads Hospitality, said that it was also investing in its digital capabilities, as well as expanding into wellness. The company [...]

    Nordic operators report growth

    Radisson Hotel Group used its third-quarter results to hail the success of its five-year plan, reporting “all-time-high Ebitda”. Elsewhere in the Scandinavian region, Pandox said that it had seen a “stable” quarter, and it would focus on extensions and renovations in its estate as some markets started to look “a little slower”. Federico J. González, [...]

    Hilton’s new Motto 

    Hilton Worldwide has launched Motto by Hilton, which it described as an affordable lifestyle brand, with flexible rooms. The group has six deals signed so far, with CEO & president Chris Nassetta forecasting that the brand would reach “hundreds of hotels”. Tripp McLaughlin, global head, Motto by Hilton, told Hotel Analyst that the brand would [...]

    Hotels weigh cost burden 

    Staffing, distribution and energy costs were just a few of the issues taxing hotels at this year’s Hospace event, held in London. With Brexit overshadowing the next six months, the role of the brands was raised as the OTAs continued their perceived rise. Hotels continued to rely on rely heavily on EU employees, was the [...]

    Trivago buoyed by ‘strong signals’

    Trivago increased its guidance for the full year after “positive signs turned into strong signals” as the group looked to quality over quantity. The company said that it was continuing to invest “significantly” in direct business with hotel companies, but that it was a “long term effort”. Rolf Schrömgens, Trivago’s CEO & managing director, said: [...]

    Whitbread looks to German purchases

    Whitbread said that it would use cash from the sale of Costa Coffee to the Coca-Cola Company for GBP3.9bn to accelerate the growth of Premier Inn in Germany, potentially through acquisitions. The comments came as the company launched the trial of a super-budget brand, Zip by Premier Inn. The group, which currently has one hotel [...]

    IHG hails acceleration 

    InterContinental Hotels Group said that it had seen its strongest signings rate for a decade, hailing its new brands and the relaunched Regent Hotels & Resorts. The company said that there were still some “small opportunities” for M&A in the sector, but would not be drawn on specifics. IHG said that it had seen 4.6% [...]

    Accor looks to high end for full year

    AccorHotels used its third-quarter earnings statement to look forward to “record organic development” for the full year The company narrowed its Ebitda target to the upper range of the guidance announced in July, with the group’s luxury hotels driving revpar growth. AccorHotels said it was now forecasting 2018 operating profit between EUR700m and EUR720m,  up [...]

    Ctrip launches hotel brand

    Ctrip has launched its own hotel brand, Rezen Hotels Group, with the OTA planning to use its data resources to improve the performance of existing hotels. The company told Hotel Analyst that the concept was still in its “beginning phase”, but the group is thought to be targeting top-rated hotels in primary and secondary cities [...]

    Sharing homes in on asset class

    BNP Paribas Real Estate’s property management business has announced an agreement with Hostmaker which will give investors access to the sharing economy. The move will see residential property add a component of short-term rental into the mix, bringing sharing greater credibility as a possible asset class. The model will see investors offered a model for [...]

    Hilton looks to global balance

    Hilton said that it was seeing signings in the US becoming “harder to get done” as costs increased and was looking globally to maintain growth. The company, which launched a new brand, Motto by Hilton, added that it had two additional brands in the pipeline, in the soft luxury and luxury lifestyle spaces, as it [...]