HA Perspective 2018

    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 [...]

    A&O makes Spain move

    A&O Hostels has bought its first property in Spain, to build a 750-bed hostel in Barcelona, due to open in 2021. Generator Hostels also announced a new site, in the US, as the hostel sector continued to flourish after the recent spate of M&A bought it to investors’ attention. At A&O, the Berlin-based budget group [...]

    Airbnb reports overseas growth

    Airbnb said that it had seen “substantially more” than USD1bn in revenue in the third quarter, driven by growth overseas and in secondary cities. The announcement from the platform came as it found a replacement for its CFO ahead of its anticipated IPO and has been negotiating with various jurisdictions concerned with its impact on [...]

    Meliá joins Amazon’s shelves 

    Meliá Hotels International has claimed a first in the hotel sector by selling gift cards loaded with loyalty points on Amazon. The operator joins other hotels in using Amazon, as the sector has sought to attract more users to its loyalty schemes. Meliá will sell accommodation and experiences through the e-commerce website by offering two [...]

    Sabre, Amadeus under EC investigation

    The European Commission has opened an investigation into whether agreements between Amadeus and Sabre and airlines and travel agents breached EU antitrust rules. Both Amadeus and Sabre said that they would work with the Commission and that their agreements encouraged, rather than discouraged, competition. Commissioner Margrethe Vestager, in charge of competition policy said: “The liberalisation [...]

    Ireland deals boom, market cautions

    Apollo Global Management is thought to have acquired the Goldman Sachs-backed Tifco, for a figure we understand to be around EUR450m. The agreement came as transactions in Ireland continued to build, with CBRE reporting that deals worth EUR263m had been signed in the first nine months of the year, up more than three times on [...]

    Connectivity key to Europe’s growth

    Air transport and connectivity was a key factor in creating higher tourism potential and passenger stays through increasing arrivals, according to a study from Christie & Co. The report found that growth in the region in 2018 was being driven by Southern and Mediterranean Europe, drawing the interest of investors. ‘European Hotel Investment Trends 2018: [...]

    Huazhu continues midscale push

    Huazhu announced that it had become “more confident” in its midscale expansion, with rooms in the mid and upscale markets now accounting for 80% of the group’s pipeline. The company said it was trialling growth outside China, with a hotel in Singapore, while commenting that its domestic penetration was still “limited”. Jenny Zhang, CEO, Huazhu, [...]

    Minor to major 

    Minor International described a “transformational year” in which its acquisition of NH Hotel Group paved the way, it said, for it to become a “truly global hospitality operator”. The comments came as the company released its third-quarter results, which did not include NH, in which it said it would continue to pursue organic growth. The [...]