Issue 46: 18th December 2019

    Upheaval at Expedia heralds changes at OTAs

    The departure of chief executive and financial director at online travel agent Expedia, after a boardroom clash over the company’s direction, signals just how tough OTAs are finding the market. The move to cut the team came after flat third quarter results that left markets disappointed. “Ultimately, senior management and the board disagreed on strategy,” [...]

    Resi alternatives gather pace

    A range of alternative residential investments are gaining investor interest, attracting funds as traditional retail and commercial assets offer less reassuring returns. Research by Knight Frank notes a 9% increase in investment in alternatives, year on year, in the UK. And while investment was up 4% in the more mature student accommodation market, build to [...]

    Accor readies for next growth push

    French hotel group Accor has completed a swathe of disposals, shifting its structure to an asset-light hotel group – and opening the way for further bolt-on acquisitions. A disposal of the assets of Polish group Orbis to AccorInvest, and a sale and manageback agreement covering 16 Movenpick hotels in Germany, Switzerland and the Netherlands, completes [...]

    Dublin shakes off new supply worries

    Dublin’s hotel market continues to attract innovators and first-time investors, confident that the Irish capital will continue to thrive. International investors have accounted for two thirds of investment volumes in 2019, according to figures collated by CBRE which reckon around EUR600m of assets changed hands. And significantly, many of the major transactions involve investors new [...]