Issue 46: 17th December 2018

    Oyo faces discounting accusation 

    Hotelier groups in India have complained that their contracts with Oyo Rooms have meant them suffering deep discounting and high commissions. The comments came as Oyo saw a USD103m investment from ride-hailing group Grab and made a move into the business travel market. The Budget Hotel Association of Mumbai told the Economic Times “Oyo has [...]

    Fattal to continue Europe expansion

    Fattal used its third-quarter results to reaffirm its commitment to expanding in both its domestic market and in Europe. Ahead of the results announcement, the company acquired a site in Manchester, on which it planned to build its second property in the city. The company reported a 41% growth in revenue in the third quarter, [...]

    Red Planet eyes evolving Japan

    Red Planet Japan has formed a joint venture with GreenOak Investment Management to develop Red Planet-branded hotels in Japan. The deal came as Marriott International signed 12 Fairfield by Marriott hotels in the country, to take advantage of the “robust” growth in visitors to the country. At Red Planet, joint venture will see GreenOak invest [...]

    Corporate market backs away from direct 

    Business travellers were returning to using corporate booking tools after a move into using suppliers directly, according to a study from SAP Concur and GBTA. The shift was caused in part by more options now being available to the corporate platforms, as platforms such as Airbnb have been integrated. The report found that booking flights [...]

    Brexit chaos begets chaos

    The continuing lack of an agreement ahead of the UK’s planned exit from the EU in March has meant a sector under growing strain. As the likely timing of a deal moves further and further away, issues of staffing, costs of imports and fears over future travel were foremost. Jane Pendlebury, CEO, Hospa, told Hotel [...]

    TUI makes platform focus

    TUI Group used its full-year results to point to its future as a “platform”, while also reiterating its enthusiasm for blockchain technology. The company maintained its guidance of at least 10% CAGR in underlying Ebita for the three years to full-year 2020. CEO Fritz Joussen said: “We are investing, we are growing with TUI’s high-margin [...]