HA Perspective 2017

    China’s mid-market drive

    China Lodging described the midscale sector as one of “strategic focus”, with two thirds of the group’s current pipeline in the midscale and upscale segments. InterContinental Hotels Group announced the expansion of its franchise-plus model into the mid-sector, as the domestic consumer was felt able to bear an increase in room prices. China Lodging reported [...]

    China tightens investment limits

    Dalian Wanda denied reports that it had found a buyer for USD5bn of assets as part of a strategic review which has seen it cut back on hotel ownership. The comments came as China’s government further tightened its controls on outbound investment, limiting deals done through offshore and Hong Kong-listed companies. China’s state planning agency, [...]

    Hotels look to an automated future

    The anticipated increase in global travel and the rising demands of hotel guests have seen hotels look deeper into the potential of technology in development and operations. The mantle of innovation has now been picked up by industry bodies, with the Singapore Tourism Board announcing a framework to help hotels adopt technology. The body’s Smart [...]

    Hong Kong attracts bargain hunters

    Hong Kong’s hotels are attracting investors looking to convert sites, as the price of office and residential space continues to grow. Despite the change of use, a recovery in visitor numbers has encouraged further hotel development, with luxury hotels leading the growth. According to JLL, 11 deals worth nearly USD1.5bn were recorded in the year [...]

    Tsogo Sun feels the pressure

    Tsogo Sun reported results hit by the weak currency in South Africa and “a tough economic environment” as it forecast that trading would “remain under pressure”. The comments came as the government in South Africa looked to tourism to drive revenues, while global eyes were on neighbouring Zimbabwe, now under new leadership. At Tsogo Sun, [...]

    IHG follows loyalty out of hotels

    InterContinental Hotels Group has become the latest operator to extend its loyalty programme further outside rooms and into the consumer’s daily life. The company is offering the chance to earn points when using Grubhub and OpenTable for ordering delivery to the hotel or dining on or off property, as long as its channels are used [...]

    Pandox tipped for Jury’s Inn

    Pandox has confirmed that it “has entered a negotiating phase” for a major portfolio, believed to be Jurys Inn. The comments came days after the group confirmed to this publication that it was looking for further acquisitions, after making its debut in the UK. The company said: “The acquisition concerns a hotel portfolio focused on [...]

    Barceló to spark NH bidding war

    Barceló has reversed previous statements and made a move on NH Hotels Group, confirming to us that it was “expressing an interest”. Barceló is looking to acquire a 60% stake in its domestic rival, with sources close to Hotel Analyst commenting that a bidding war for NH was likely. The move is expected to provide [...]

    Airbnb buys Accomable

    Airbnb has acquired Accomable, known as the Airbnb for disabled people, for an undisclosed fee, a move set to further broaden its appeal. The move came as Airbnb put a rental cap on hosts in the centre of Paris, as it continues to work to become part of the accommodation mainstream ahead of its IPO, [...]

    Accor launches third pillar

    AccorHotels has launched AccorLocal, an application allowing residents who live near an Accor property to access “the services of local artisans and companies”. The strategy is the group’s third vertical in its transformative strategy which is set to be consummated with the closing of its Booster operation, expected by the first quarter of next year. [...]