Issue 2122 - 10 January, 2019

    Edinburgh tax progresses

    Edinburgh council has declared it has overwhelming support for a GBP2 per night tourist tax. But hoteliers have criticised the consultation, saying few of them are in favour, reports The Scotsman. The council says that 85% of 2,500 respondents to its consultation supported the new tax. If implemented, the Transient Visitor Levy could raise the city [...]

    Hyatt looks for bugs

    Hyatt has linked with HackerOne, to offer payments to hackers who find vulnerabilities in its digital infrastructure. Bounty payments will recognise bugs spotted across Hyatt’s websites and mobile apps. HackerOne’s bounty payments system is used across industry sectors to improve data security. Ethical hackers sign up to an agreed protocol, to participate in the programme. [...]

    Copenhagen sale

    Investor Pareto Securities has forward purchased a Copenhagen hotel for DKK670m. Operator Scandic has signed a 20 year lease on the 357 room development. Developer Skanska expects to complete the building at the end of 2020. The hotel is in the city’s Scanport district, close to the airport.

    UK deal strength

    Hotel transactions in the UK added up to GBP6.6bn in 2018, up 25% on the 2017 figure. Over half of the volume came from 21 portfolio deals, according to Savills. Overseas buyers accounted for 54% of volume, led by Israel, France and Canada. Deals in London accounted for GBP2.6bn of the total.