HA Perspective 2020

    Topline conditions prove tough

    Supply growing faster than demand has created a challenging environment for hotels in the US and Europe, but profits at the strongest owners and brand companies are continuing to grow. Hilton and Pandox last week reported similar conditions and gave similar outlooks: weakening revpar but robust profitability. Hilton’s adjusted EBITDA for the final quarter of [...]

    Politics and pestilence

    Problems both medical and political are weighing on the travel industry, with the expectation of a major hit on short term revenues. With Chinese outbound tourism fuelling growth in many destinations, all eyes are now on the expanding coronavirus outbreak in the country, and its likely impact on global travel. Some are remaining tight-lipped, joining [...]

    Hamilton makes it to the altar

    In a further consolidation move within the hotel management space, US-based Pyramid Hotel Group is to merge with Europe’s Hamilton Hotel Partners. The combination will create a group with management responsibility for 141 hotels, across six countries. The portfolio totals 32,000 rooms, across USD6.9bn of assets. More interestingly, the combined group will be looking to [...]

    US makes UK parks move

    US investor Cove Communities has launched a major push into the UK, buying up two park communities in recent weeks as it seeks to grow a portfolio of both residential and holiday parks. The company has bought West Sussex-based Bunn Leisure, giving it control of a 116-acre site in Selsey. And in Essex, Cove has [...]

    Hospitality link key for flex office market

    Cities across Europe are at the forefront of a seismic shift in office leasing, as corporate culture shifts towards space as a service. And office landlords are now facing the issues hotel owners face, wondering whether to opt for management contracts, partnerships or franchises, as the preferred route to market. The aggressive levels of growth [...]

    Laura Ashley draws back the curtain

    The Laura Ashley brand promises to finally make its way into the international hotel space. A new partnership with Preferred Hotels & Resorts will see the pair taking forward a hotel and a tearoom offer, under a licencing model. The group aims to build on the global goodwill of the British fabric and furnishings brand, [...]

    Safestay jostles for top hostel spot

    Expanding brands are competing for leadership in Europe’s booming hostel space. UK listed Safestay has just announced record growth and profits, while Spanish rival CATS recently received major backing for its planned growth. Also in play is hybrid hostel operator Meininger. Parent company Cox & Kings launched a sales process in September 2019, but recently [...]

    Resident looks to provincial cities

    This week has seen the launch of a new brand, The Resident, into the UK hotel market. But the city centre-focused brand is built on far more solid foundations than many, and is poised to grow off the back of that strong base. The Resident is being built from the reformatted Nadler hotels brand, which [...]

    Wembley scores high with PRS backers

    Investors are queuing up to back a new wave of purpose-built rental properties around the UK. And projects are drawing in former hoteliers, aware they need to deliver a hotel-like platform of support to deliver real value to residents. Goldman Sachs has provided GBP150m of funding for developer Quintain, to add the next phase of [...]

    easyHotel finesses growth plans

    Super budget hotel brand easyHotel has set its sights on building its presence in mainland European cities, as the company adjusts to a new senior team. The change in strategy will see it deploy its own capital building the portfolio in key tier one cities, relying on franchisees to grab opportunities in secondary locations. New [...]