Issue 22: 8th June 2018

    Accor ponders Air France-KLM buy

    AccorHotels confirmed that it had “resumed its reflections” over buying a stake in AirFrance-KLM. The deal would see AccorHotels deepen its position in the travel funnel, rivalling the offerings of the OTAs. Shares in Air France-KLM rose by 7% the morning after the news broke, while AccorHotels’ fell by 5%. AccorHotels said: “Over the past [...]

    Hoxton mooted for USD1bn jumpstart

    The Hoxton brand could expand globally after potentially receiving a USD1bn investment from Bharti Group. The brand, which is owned by Ennismore, is planning to add two hotels in the US and two in London by 2020. Ennismore declined to comment on the speculation, which suggested that the funding would come from Bharti Group, which [...]

    TripAdvisor hails influence

    Travel-related spending influenced by TripAdvisor sites outpaced growth in overall travel and tourism spend, according to a study by Oxford Economics. The report followed a series of disappointing results from the reviews site, which has been attempting to monetise its position in the sector. The study, Sizing the Worldwide Travel Economy, conducted by Oxford Economics [...]

    Investors sell in tight German market

    Transactions volumes in Germany fell by 19% last year to reach EUR4.2bn, due to falling supply and rising prices. The figures were released as investor Peakside sold a mixed-used asset, including a Park Plaza hotel and Generator hostel, in Berlin for EUR100m. Peakside sold the property on behalf of Peakside Real Estate Fund II. The property [...]

    Palladium makes collection

    Palladium Hotel Group has become the latest company to launch a collection brand, under the name Bless. The group said that it planned to target the premium market, following in the footsteps of the larger global operators, with InterContinental Hotels Group also due to launch a soft brand. The 48-strong group signed a management contract [...]

    IHCL Gingers up

    IHCL, the owner of the Taj brand, proclaimed a “stellar performance” as it acted on its Aspiration 2022 strategy, which will see it favour management contracts and leases to drive growth. The company has seen expansion on the back of its budget Ginger hotels brand, which accounted for nine of the group’s 10 openings for [...]