June 2017: the gap widens between European hoteliers

Hospitality On (by MKG Hospitality)·Requires Registration - 24 July 2017
Following a strong growth trend in May, European hoteliers record lower performances in June 2017. However, this month's figures feature wide gaps with some countries experiencing drops - such as France and Germany - while others display double-digit growth rates at the beginning of the summer season - spearheaded by Greece, Spain and Portugal.

Wyndham to acquire the american brand AmericInn for $170M

Hospitality On (by MKG Hospitality)·Requires Registration - 20 July 2017
Minnesota-based midscale hotel brand AmericInn has agreed to be acquired by Wyndham Hotel Group for $170 million. The AmericInn brand is owned by Chanhassen-based Northcott Hospitality and includes 200 hotels, mainly owned by franchisees in Midwest locations.

+ 6% in January-April 2017 for the International Tourist Arrivals Worldwide

Hospitality On (by MKG Hospitality)·Requires Registration - 18 July 2017
According to the latest UNWTO World Tourism Barometer, we count 369 million international tourists in the first four months of the year, it is 21 million more than the same period in 2016. International arrivals reported by destinations around the world were positive overall, with very few exceptions for January-April 2017 period. This period usually represents some 28% of the yearly total and covers the winter season of the Northern Hemisphere and the summer season of the Southern Hemisphere, as well as the Chinese New Year and Easter holidays, among others.

Micro-hospitality: does size always matter?

Hospitality On (by MKG Hospitality)·Requires Registration - 17 July 2017
When it comes to size, today, modern hospitality faces two extreme trends: either over-extending with large facilities featuring pools, restaurants and luxurious amenities, or paring down to the simplest form with practical, mobile concepts. Focus on the latter which are shaping the future of hospitality.

Jean-Yves Le Drian : tourism as a priority

Hospitality On (by MKG Hospitality)·Requires Registration - 11 July 2017
The minister for Europe and foreign affairs, Jean-Yves Le Drian, has no intention of leaving the fate of tourism to just anybody. From Monet's Gardens in Giverny, he reaffirmed the significance he holds for the sector and spoke of the five projects he was undertaking this summer.

Carlson Rezidor strenghtens its presence in Hungary

Hospitality On (by MKG Hospitality)·Requires Registration - 11 July 2017
Carlson Rezidor continues its development in Eastern Europe with the opening of a property under the Park Inn by Radisson brand, in the city of Zalakaros, Hungary. Located close to the Gránit Thermal and Medical Bath spa complex and not far from the Lake Balaton region, it is the fourth hotel of the group to be established in the country. It offers 211 rooms and 25 suites, as well as a restaurant, a lounge bar and meeting rooms. Guests can also benefit from the Gránit Spa, which includes a fitness center and an indoor swimming pool.

A luxury hotel with Earth-view: dream or reality?

Hospitality On (by MKG Hospitality)·Requires Registration - 10 July 2017
Five graduates from the Massachusetts Institute of Technology (MIT) have introduced a project that won a competition organized by NASA: their idea is to develop a luxury hotel in space. Christened MARINA (for Managed, Reconfigurable, In-space Nodal Assembly), their concept aims at cutting operating costs for spatial research: they would divide the space shuttle into two parts, one as a luxury hotel to accommodate space tourists; the other to welcome NASA experts. Hence a reduced budget for spatial exploration could be met thanks to revenues generated by space tourism.

China: Wanda sells $9.3 billion in tourism assets to Sunac

Hospitality On (by MKG Hospitality)·Requires Registration - 10 July 2017
The Chinese conglomerate Wanda Group, which has interests notably in real estate, cinema, leisure parks, finance and the Internet, has just announced the sale of $9.3 billion (ca. €8.2 billion) worth of its tourism assets to its counterpart, the Chinese developer Sunac China Holdings Ltd. The assets at stake include 13 Wanda Cultural Tourism Cities - tourism facilities and theme parks - in which Sunac will take a major stake (91%), as well as 76 hotels. The transfer of the latter is estimated at more than $5 billion.

AccorHotels turns containers into hotels

Hospitality On (by MKG Hospitality)·Requires Registration - 7 July 2017
AccorHotels has recently launched a new, mobile hospitality solution: containers that have been turned into hotels! Designed by Ora-Ïto and produced by the French start-up Capsa, the concepts have been tested for the first time in the course of the 24 Heures du Mans racing competition, last June. Every container aims to be a comfortable 'life space' featuring a bed, modern amenities (Bluetooth speakers, electric plugs, WiFi access) as well as a private bathroom; but it is also intended to be eco-friendly in its production chain.

Hotel worldwide supply: global growth of hotel chains remains stable

Hospitality On (by MKG Hospitality)·Requires Registration - 7 July 2017
With a net increase in hotel chain supply by +4%, figures are in line with those of international tourism. Brands are a powerful driver of hospitality renewal with an obvious shift towards new generations. Concepts are multiplying and appearing on almost every continent.

Strong global growth driven by Africa and Asia

Hospitality On (by MKG Hospitality)·Requires Registration - 5 July 2017
With 3.6% growth from January 1, 2016 to January 1, 2017 in the global hotel and residence supply, for both branded and unbranded properties, the rate is the strongest in 15 years. This growth pushes it beyond several symbolic benchmarks: 25 million rooms and apartments worldwide; 8 million in Europe and closing in on 7 million in Asia Pacific. While old trends continue, a new region for growth seems obvious: the entire African continent, which is picking up where Latin America left off.

Tour de France 2017: hospitality performs well in Dusseldorf

Hospitality On (by MKG Hospitality)·Requires Registration - 5 July 2017
The racing cyclists competing in the 104th edition of the Tour de France have started pedaling. This year, the competition began in Düsseldorf, ca. 300 kilometers away from the French border. And despite the rain, the German city’s hospitality industry performed very well while hosting the event.

Movenpick under development in Vietnam

Hospitality On (by MKG Hospitality)·Requires Registration - 3 July 2017
The Swiss company has just announced the signature of its first hotel in Danang, scheduled to open end 2019. Four other properties should open in Vietnam by 2020. The Swiss hotel company Mövenpick Hotels & Resorts just signed a new property in Vietnam. Located in Danang, a coastal town in the center of the country, the complex will house 150 rooms as well as 354 residences, a rooftop bar-restaurant, several bars, a swimming pool, a fitness center, a spa, a kids club, as well as an reception hall and meeting rooms.

Park Plaza London Waterloo bought via a club deal transaction for EUR182 million

Hospitality On (by MKG Hospitality)·Requires Registration - 30 June 2017
Freshly opened, the London hotel is changing hands for €181.8 million, as its was just acquired by varied pension funds via a club deal transaction. The Park Plaza London Waterloo hotel has just been purchased for €181.8 million (£160 million). The transaction was made via a club deal agreement by several pension funds, which concluded the operation through the broker's investment vehicle. The upscale hotel, which features 497 rooms and a living room, a bar, a café, a spa, a fitness centre with a swimming pool and six meeting rooms, had just opened its doors in London's South Bank district, near the city centre of the British capital.

Slowdown in performance growth against a backdrop of supply expansion

Hospitality On (by MKG Hospitality)·Requires Registration - 30 June 2017
In 2016, the RevPAR of the global hotel industry is up 1.9%. Although this figure is down with respect to 2015 (+3.3%), these are nonetheless very favorable results: on the one hand because this is the seventh year of continuous growth and on the other because it happened within a context of strong recent growth in the hotel supply.

Hotel groups seek a new distribution of the world

Hospitality On (by MKG Hospitality)·Requires Registration - 29 June 2017
The race for critical size is at the top of the agenda more than ever. On the one hand, Western groups are reactivating organic and external growth through mergers and acquisitions. On the other, Chinese groups, for the most part, continue to nibble away at additional market shares by inviting themselves, in a mostly friendly manner, into the capital of groups that are present in America and Europe. There is a clear desire to support the rise of outbound Chinese clientele and to have achieve a global footprint.

After going 'asset light', are hotel champions bound to disengage from employment?

Hospitality On (by MKG Hospitality)·Requires Registration - 29 June 2017
The financial valuation of the main hotel groups worldwide has evolved positively over the last few months, but the rise of digital players in tourism has been even faster. In addition to their strong growth and high valuation, these emerging players are characterized by their moderate consumption of resources. This puts pressure on traditional players whose performances are increasingly challenged by investors. Whereas hotel groups have already almost completely disengaged from real estate, this is not (yet?) the case with labor. Although the “servuction” process will always be part of hotels’ core business, will the major hotel groups resist the growing temptation to pass the burden of personnel costs on to others?

Worldwide Hospitality Ranking: which changes in the leading 12 hotel groups?

Hospitality On (by MKG Hospitality)·Requires Registration - 28 June 2017
Global leaders continue to grow, but at varied paces. Chinese actors are becoming increasingly powerful: in the global ranking, Huazhu overtakes Best Western. The analysis with the data.

Cruises: Ritz-Carlton takes the plunge

Hospitality On (by MKG Hospitality)·Requires Registration - 26 June 2017
The launch of The Ritz-Carlton Yacht Collection by Marriott International makes it one of the first hospitality champions to offer its own cruise ships. Ritz-Carlton has indeed announced the building of three upscale yachts, one of which will put out to sea by 2019.

May 2017: Europe's hotel industry re-accelerates

Hospitality On (by MKG Hospitality)·Requires Registration - 22 June 2017
After a month of April with more measured growth, European hoteliers are regaining their dynamism, after Belgium, the Iberian peninsula and Eastern Europe. France is nonetheless one of the rare exceptions, with the only - albeit slight - drop in revenue per available room in Europe.

Matthew Shutt: "We are constantly looking at new business models"

Hospitality On (by MKG Hospitality)·Requires Registration - 22 June 2017
Matthew Shutt, Senior Manager Global Accounts at answered our questions at the 21st Global Lodging Forum.

IHG to launch a new midscale brand

Hospitality On (by MKG Hospitality)·Requires Registration - 22 June 2017
InterContinental Hotels Group (IHG) just announced the upcoming launch of a new midscale brand, which will first target the U.S. market. It is planned to be franchise-ready by the fall of 2017, which means that the brand's first properties should open by 2019.

Japanese hotels to start using Alibaba's online payment platform

Hospitality On (by MKG Hospitality)·Requires Registration - 21 June 2017
The Japanese tour operator JTB has signed an agreement with Alibaba to allow hotels (among other properties) to use its mobile payment platform, Alipay.

More and more hoteliers list their rooms on AirBnB

Hospitality On (by MKG Hospitality)·Requires Registration - 16 June 2017
Hoteliers may widely denounce (and lobby against) sharing platforms' excesses, but some also take advantage of it and sell their rooms through AirBnB... This phenomenon affects all hotel profiles, from independent owners to world-renowned groups. Can the future be 'collaborative' between hoteliers and these private rental platforms?

Blackstone withdraws another $1 billion of its Hilton stake

Hospitality On (by MKG Hospitality)·Requires Registration - 13 June 2017
The equity fund is said to be selling 15 million Hilton shares amounting to about one billion dollars. Following the group's stock exchange listing, its split as well as the selling of 25% of its shares to the Chinese HNA, Blackstone continues to financially disengage itself from the hospitality group.

Launch of a new hotel crowdfunding project in Bordeaux (Lormont)

Hospitality On (by MKG Hospitality)·Requires Registration - 13 June 2017
Redman Atlantis, a subsidiary of the French real estate development company Redman, partnered with the crowdfunding platform Upstone to finance the development of a hotel property in the town of Lormont in Gironde, France. Beginning on June the 19th, the amount to be collected from private investors is set at €1.2 million, with an entry ticket of €100 per person. Participants will be promised a 9% annual return on their capital, which will be reimbursed progressively after the third year, and will benefit from a reduced rate when they visit the hotel. It will open its doors in early 2019.


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