HA Perspective 2019

    Legislation catching up with sharing

    The UNWTO has released a study of the global legislative response to peer-to-peer lodging. The study was published as Booking.com said that, that on average, seven guests per second were checking into a home, apartment or unique place to stay. The UNWTO drew on 21 global case studies and noted that most of the measures [...]

    UNWTO drives sustainable tourism

    The UNWTO is to work with the European Bank for Reconstruction and Development to drive sustainable and inclusive tourism. The agreement was announced as a report commissioned by the Committee on Climate Change recommended scrapping air miles schemes, claiming that they encouraged excessive flying. At the UNWTO, the two institutions said that they would strengthen [...]

    Accor narrows earnings target

    Accor narrowed its FY Ebitda range at the top end, from Eur820m to Eur850m to between Eur820m and Eur840m, citing the China trade war. The group remained confident, with CFO Jean-Jacques Morin telling analysts: “We’ve been tested for the first time and the performance shows the strength of the asset-light model”. Morin added: “The fee [...]

    Best Western adds extended stay

    Best Western Hotels & Resorts has launched its first extended-stay brand, SureStay Studio, aimed at the upper end of the segment, targeting both conversions and new builds. Best Western’s launch came alongside a new brand from Hyatt, looking at the select-service customer. Best Western’s president & CEO, David Kong, said: “SureStay Studio solidifies BWHR as [...]

    EasyJet Holidays to relaunch

    EasyJet is to relaunch its holidays product at the end of the year, with 100 destinations and more than 500 hotels. As the brand was confirming its ABTA membership, former Thomas Cook CEO Peter Fankhauser faced questions about the company’s liquidation by MPs. Writing in The Telegraph, Johan Lundgren, EasyJet CEO, said: “Following the sad [...]

    Talash to market portfolio

    Talash Hotels Group has put a portfolio of nine hotels on the market with a guide price in excess of GBP29.5m. News of the marketing came as Savills reported significant interest and purchasing activity by buyers from Asia Pacific in the first three quarters of the year. Talash Hotels has bought a total of 661 [...]

    Yield compression in Europe

    European hotel investment volumes remain robust in 2019, reaching close to Eur16bn between January and September 2019, up 4.3% on the year, according to Savills. Increasing interest in the sector was leading to yield compression in mature markets, with more tourist cities being targeted. Savills said that investor appetite continued to be driven by international [...]

    OYO raises USD1.5bn

    OYO Hotels & Homes is to raise USD1.5bn in its latest funding round, using the money to expand its position in the US and in the holiday rental market in Europe. News of the round came as Selina was rumoured to be looking at raising further funding, after a USD100m earlier this year. At OYO, [...]

    Third parties give comfort

    Third-party management companies were provide a source of comfort for investors to rival the brands, delegates at this year’s Annual Hotel Conference in Manchester heard. As the sector moved away from the periphery of real estate investments and towards the core, there were increasing demands placed on the brands to justify their roles. Jens Blomdahl, [...]

    IHG adds Mr & Mrs Smith

    InterContinental Hotels Group has signed a partnership with Mr & Mrs Smith, which see IHG rewards club members able to earn and redeem points at over 500 new hotels. The move was the latest in a series by the global branded hotel groups to use partnerships to bolster their stables and offer loyalty members greater [...]