UK Hotels off to a Bad Start in 2018

Date: March 2018 What: Latest Hotstats Report What Did They Say: Hotels in the UK experienced a rough start to 2018, with escalating costs leading to a 3.9 per cent year-on-year decline in profit per room. According to the latest poll of full-service properties by Hotstats, RevPAR growth came in at a disappointing 0.6 per cent…

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Soho House looking at IPO in New York at around USD2bn

Date: February 2018 Location: London, UK ans USA Name: Soho House London, Barcelona, , The Ned, Little Beach House Malibu, Babington House, High Road House, Chiswick, London, Ludlow House Manhattan, USA, Shoreditch House, London, UK, Soho Beach House, Miami, USA, Soho House Berlin, Germany, Chicago, Istanbul, New York and others

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Lodging Econometrics: The U.S. Hotel Construction Pipeline—Present & Future

Date: February 2018 Where: USA Who: Lodging Econometrics What Did They Say: According to the year-end U.S. Construction Pipeline Trend Report from Lodging Econometrics (LE), the pipeline continued its upward growth trend in 2017 and stands at 5,151 projects/623,695 rooms, up 4% by projects and 4% by rooms year-over-year (YOY). There are 1,544 projects/200,632 rooms under…

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Vietnam is Hot Right Now According to TopHotel News

Date: February 2018 Where: Vietnam, the Asia-Pacific tourism region is the hottest on the planet right now. As such, it boasts a number of countries with booming project pipelines, including Vietnam. In the past decade the country’s hospitality prospects have undergone a rejuvenation, largely fuelled by an influx of foreign visitors. In December 2017, for…

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The Top Three Things I Look For When Visiting A Hotel

Date: February 2018 What: Words of wisdom from a man who should know! Who: Bill Marriott, owns a company that owns or manages some 6,000 hotels in 122 countries! What Were Those 3 Things: It probably goes without saying, but I have visited thousands of hotels. Just this past year, I have seen over 100 –…

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Spain’s Hotel Investment Reached Record Levels in 2017

Date: February 2018 Location: Spain What: Hotel investment in Spain reached a record €3.9 billion in 2017, beating the previous record of €2.6 billion that was set in 2015, according to the Insights on the Hotel Investment Market in Spain 2017 report. This investment spanned both operating and converted hotels. 182 hotels changed hands in the…

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Don’t Get Your Global Listings Wrong!

Date: January 2018 Updated March 2018 Who: China and Marriott What: This month (February 2018) China has shut down Marriott’s website and mobile app. The shutdown, which was for one week, came at the request of Chinese government officials in Shanghai. It is said to be punishment for the company listing Chinese-claimed regions Tibet, Hong Kong,…

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Vincent Tchenguiz to Sue Hilton Over Bust Hotels

Date: February 2018 About: Vincent Tchenguiz to sue Hilton Why: A property tycoon is preparing to launch legal action against the hotels giant Hilton over 10 UK sites that have fallen into administration. Litigation is not unusual for him/the brothers.

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Hilton Achieves Landmark Performance in Asia Pacific in 2017

Date: January 2018 Location: Asia Pacific What: In 2017 Hilton achieved landmark growth and expansion in Asia Pacific, while introducing industry-leading guest innovations and being recognised as one of Asia’s best multinational workplaces. Having recently appointed Alan Watts as its new Executive Vice President & President, Asia Pacific and Qian Jin as the first Area President…

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STR: Canada 2017 Hotel Performance

Date: January 2018 Location: Canada What: The Canadian hotel industry reported positive year-over-year results in the three key performance metrics during 2017, according to data from STR. Canada’s hotel industry reported occupancy rose 2.4% in 2017 to 65.9%, and when combined with a 5.2% ADR increase to 156.73 Canadian dollars ($127.27), RevPAR jumped 7.7% to CA$103.31 ($83.89)…

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