Issue 28: 29th July 2020

    Travelodge on cusp of losing owners

    The row between Travelodge UK and landlords has escalated with landlords now examining what they believe are viable alternatives to continuing the Travelodge leases. Leading the field of the options is a joint effort between Accor, Gullwing Hospitality and Oasis Holdings. AGO Hospitality teams owners, operator and brand in a pooling of operational real estate [...]

    Pandox hails the rebound

    Swedish hotel owner and operator Pandox says European markets are rising once more, at a pace higher than it initially expected. The improvement comes off the back of a second quarter which saw the group bumping along financially, as hotels languished with minimal occupancy. Comparable revenues for property management were down 42% at SEK527m, while [...]

    Kew Green spots Asian opportunity

    Third party hotel managers are eyeing up potential new business, as coronavirus lockdowns ease and landlords re-evaluate their hotel investments. Weaker players are heading into distress, leaving those with well-funded operations ready to move in. And, as the moves around Travelodge in the UK have shown, disgruntled landlords are increasingly ready to look at new [...]

    Surveys provide encouragement

    A range of surveys have pointed to an encouraging expectation of recovery in travel volumes, over coming months. But to improve the return, there are also calls for greater coordination and clarity over current travel restrictions. While many are hailing resurgent leisure travel, research by Accor in Europe suggests business may not be far behind. [...]