Issue 25: 9th July 2019

    UK government recognises sector

    The UK’s hospitality industry has welcomed outgoing prime minister Theresa May’s tourism sector deal. There were hopes that the announcement of a Tourism Data Hub would bring accurate and easily-available data to a sector which has been hampered in the past. The government said that more than 130,000 new hotel rooms were set to be [...]

    Europe piques interest

    Minor International has sold three hotels in Lisbon which it had acquired as part of the Tivoli portfolio. Angelo Gordon joined the M&A trend in Europe, announcing that it was to acquire Gecina’s five-strong hotel portfolio, located in France, for more EUR181m. At Angelo Gordon, group has agreed to acquire five hotels from Gecina, a [...]

    Hero adds Catalyst in Europe

    Hero Enterprise has formed a GBP500m joint venture with Catalyst Capital to invest in and develop hotels in the UK and Ireland. Enthusiasm from investors comes despite political turbulence in the region, with companies such as Whitbread seeing performance hit. The joint venture, Hero Catalyst Hospitality Ventures, will look to hotels, serviced apartments and hospitality-led [...]

    Booking loses a CEO

    Glenn Fogel, president & CEO at Booking Holdings, is to take over as CEO at the company’s eponymous brand after the departure of Gillian Tans. The change came as the company pulled back from plans to charge hotels a commission on resort fees. Tans was appointed to the newly-created role of chairwoman of No [...]

    Radisson moves closer to Jin Jiang

    Jin Jiang International has made its first strategic move with Radisson since acquiring the group in 2018, launching a co-branded hotel. The pair were planning more than 30 such properties across EMEA, as outbound travel from China grew. The Radisson Blu in Frankfurt was due to be the first hotel to be cobranded, thanks to [...]

    Hopper shops on hotel price drop

    The Hopper app has become the latest piece of distribution technology to offer notifications of hotel price drops, in addition to a forecasting tool. The company said that the tool meant “you never have to comparison shop again” putting additional pressure on the metasearch market. Hopper had previously focused on flights, with customers selecting times [...]