Issue 36: 7th October 2019

    Distribution focus forces sector shift

    Hotel companies were considering moving to a model where owners pay for business delivered, delegates at this year’s Hotel Distribution Event in London heard. The shift puts the role of the global branded groups under ever-closer scrutiny, as the cost of distribution informed owners’ choices. Peter O’Connor, professor of information systems, ESSEC Business School, said: [...]

    Brand challenges

    Hotel brands face having to start spending, in order to maintain their relevance in the marketplace. That was one of the predictions that Richard Clarke, senior analyst of hotels and leisure at AB Bernstein, gave delegates at the Hotel Distribution Event. “You don’t need the brand to tell you the hotel’s any good, anymore,” he [...]

    AXA makes Eur545m Principal purchase

    AXA is to acquire 11 hotels in Europe from Principal Real Estate for Eur545m in an off-market deal. Principal said that it would continue to invest in the sector, continuing to focus on city-centre hotels with the potential to add value. The portfolio comprised seven hotels in Germany including the Mondial Hotel am Dom MGallery [...]

    France looks to alternatives

    The French hotel investment market is fragmented, with a lack of product to divert capital, but was nonetheless a target for investors, attendees at the launch of the French Hotel Investment Survey in Paris heard. The sector was seeing growth from a number of alternative products, with extended stay and sharing models all looking to [...]

    Meta cleans house

    TripAdvisor’s fraud detection operations saw 4.7% of reviews removed before or after posting last year. The company said that “no-one has a greater incentive” to ensure reliability than it did, with TripAdvisor and fellow meta search sites coming under increasing pressure from Google. In September Which said that TripAdvisor was failing to stop a fake [...]

    Investors confident despite cloudy skies

    Delegates at the Hot.E investment conference were in confident mood, shaking off the recent demise of tour group Thomas Cook, and the UK government’s continuing chicanery over its Brexit negotiations. Several still see London as their favourite market for investment, while there are no concerns over the availability of funds. While innovators such as Oyo [...]