Issue 1983: 14th June 2018

    World Cup revpar boost for Russia

    Moscow’s hotel industry is projected to see growth in the range of 20% and 30% in revpar during June and July 2018, according to STR and Tourism Economics. A revpar increase in that range would be less than the growth seen in Rio de Janeiro and Johannesburg, key markets for the previous two FIFA World [...]

    Balder buys portfolio 

    Fastighets AB Balder has acquired a German property portfolio consisting of seven hotel properties for approximately EUR58m. Balder has signed 20-year lease agreements on all properties with Ligula Hospitality Group, which is an existing tenant at Balder in several hotels. CEO Erik Selin said: “Establishing on the German real estate market through long leases together [...]

    Law fails to limit Airbnb 

    Despite many countries recently introducing legislation to restrict the use of Airbnb, the platform continues to grow in five main European cities – London, Amsterdam, Berlin, Madrid and Paris – according to Colliers International. Marc Finney, head of hotels & resorts consulting, Colliers International, said: “As the scale grows, the lack of regulation becomes a [...]

    Alexa takes room requests

    Operations platform Alice and engagement software Volara have launched a solution to allow guests to use the Amazon’s Alexa to make requests from their rooms. The pair said that commands could range from asking for the WiFi password to asking for someone to bring fresh towels to your room. All commands can be configured to [...]