Issue 45: 10th December 2018

    Marriott faces fines over breach

    Marriott International faced the potential for extensive fines after revealing a security breach at hotels it acquired with the purchase of Starwood Hotels & Resorts. The company saw its share price fall by almost 6% on the news, as the importance of doing thorough diligence on intangible as well as tangible assets was cast into [...]

    Expedia moves closer to consumers

    Expedia Group has shifted its strategy from being about transactions to being more customer-centric, attendees at the group’s Explore ’18 event in Las Vegas were told. The company was eager to illustrate the ways in which it worked with its hotel partners, but the strategy was likely to clash with the operators’ direct booking strategies. [...]

    AccorHotels to “unleash” its potential

    AccorHotels used its capital market day to described its “numerous acquisitions” as behind it, as it focused on its strategy to “unleash the group’s full potential”. The comments came the day after the company announced an offer for the 47.31% of Orbis which it did not already own. The group said that it was aiming [...]

    Thomas Cook overheats

    Thomas Cook issued a profits warning ahead of its full-year results, blaming the hot summer, but described 2018 as an “outlier”, with 2019 starting “well”. The company said that it would continue to pursue growth through its own brands, with at least 20 new hotel openings planned across Europe. The company saw its share price [...]

    Trademark passes 100

    Wyndham Hotels & Resorts announced that its Trademark Collection by Wyndham had reached 100 hotels with its latest signings. The market for soft brands has continued to grow, with Hilton due to launch another, with the name LXR. Trademark, which is aimed at the upper midscale and above, was launched 18 months ago, when Chip [...]

    Emaar sells five hotels

    Emaar Properties has sold five Dubai hotels to Abu Dhabi National Hotels, with the group to retain the sites under management agreements. The transaction was part of an asset disposal programme, with the group thought to be planning to sell around USD1.4bn in assets, including USD700m in hotels. The five hotels will be managed under the [...]