Issue 26: 9th July 2018

    Accor makes US move with SBE stake

    AccorHotels has entered into exclusive negotiations with SBE Entertainment group to acquire a 50% stake in the company, which includes the Mondrian brand. The investment, totalling USD319m, would give AccorHotels a deeper footing in both the US and luxury markets, as SBE looks to accelerate its global growth. AccorHotels will acquire the 50% of SBE’s [...]

    HNA mooted for Radisson sale 

    HNA Group was rumoured to be looking at a sale of Radisson Hotel Group, less than two years after buying the company and a majority stake in the former Rezidor Hotel Group. Radisson Hotel Group did not deny the story, leading to speculation that a summer deal was likely, as the Chinese investor continued to [...]

    Airbnb deepens role in resi market 

    Airbnb announced that it was using Paris as a test for its new partnership with Century 21, which it said would make it “easier to sublet”. The agreement came six months after a deal with Brookfield Property Partners, which saw the platform move deeper into the residential property market. In Paris, the company described the [...]

    CMA ups attacks on OTAs

    The CMA said it believed a number of hotel booking sites were breaking consumer law with their selling tactics. The comments came as Expedia launched a new product offering greater choice, but raising the ire of some tour operators. The CMA identified a number of concerns, including whether commission affected rankings, whether pressure selling tactics [...]

    Holiday parks continue growth

    Holiday park operator Verdant Park Leisure said that it expected to buy further assets in the UK, after reporting a strong quarter. The comments came as the weak pound continued to drive growth in staycations, with the wave of consolidation in the hotel sector spilling over into the park market. Verdant Leisure reported an 18% [...]

    Budgets push boundaries

    Travelodge has launched its latest format, Travelodge Plus, which it said was “designed around the needs of the budget traveller who wants that little bit more style and choice”. The launch came after comments earlier this year from Whitbread that it was looking at a super-budget version of its Premier Inn brand. Travelodge said that [...]