A Benchmarking Journey to Grow your Direct Bookings

Hotel benchmarking is essential to every hotel brand’s growth strategy. From five-star luxury properties to serviced apartments and everything in between. Benchmarking allows you not only to understand your hotel’s performance compared to the market but to pinpoint areas for improvement. Traditional hotel benchmarking, however, generally focuses on comparing rates and occupancy, providing little understanding […]

Zetland Capital acquires Dublin’s Morrison Hotel

Zetland Capital, a London based Private Equity firm, has announced that funds it manages have agreed to acquire the Morrison Hotel in Dublin. It added that plans are being developed for modernisation and further investment into the four- star, 145-room hotel, which fronts the River Liffey, in the centre of the city. The firm said […]

Airbnb first quarter 2021 financial results

Today we are issuing Airbnb’s first quarter 2021 financial results. You can read the details here. Airbnb Co-Founder and CEO Brian Chesky said: “We are proud of our strong results. We surpassed 2019 revenue levels even though urban travel and cross-border travel, two of our strongest segments historically, have not yet recovered.” “We expect a […]

Deals Competition Heats Up As More Buyers Enter Hotels Marketplace

Hotel investors believe the current environment will accelerate a trend of increased interest in select-service properties due to their streamlined cost structure. Speaking on the “Wall Street Talks” panel at the Hunter Hotel Investment Conference in Atlanta, Hersha Hospitality Trust President and Chief Operating Officer Neil Shah said the heightened investment in select-service began last […]

UK to spend £2.5bn this week as indoor hospitality reopens

The UK is set to collectively spend £2.5bn this week as indoor hospitality reopens and restrictions further ease, giving a “much-needed” boost to the high street.   According to a new VoucherCodes.co.uk report, conducted by the Centre for Retail Research (CRR), 104 million people are predicted to visit hospitality venues this week. On their first day […]

35- 39 Leinster Gardens brought to market for £29.5m

35- 39 Leinster Gardens, a Grade II listed vacant hotel in Bayswater, London, has been brought to the market for a guide price of £29.5m.  The 40,000 sq ft vacant hotel property houses 92 en-suite bedrooms, a restaurant, bar, club, meeting rooms and spa facilities. The freehold site comprises five interconnected buildings and the property […]

Indoor hospitality in Glasgow and Moray hit by further restrictions

Indoor hospitality operators in Glasgow and Moray are in dismay over the recent news that both areas are set to remain in Level 3 Covid-19 restrictions, despite the rest of the country moving further out of lockdown. First minister Nicola Sturgeon announced the two areas will remain under restrictions for at least another week from […]

Roadmap to re-opening and operating safely

The Meetings Industry Association (mia) has updated its Roadmap to re-opening and operating safely, ahead of Monday’s move to step 3 when business meetings and events can resume for up to 1,000. The roadmap, which was initially published as part of the mia’s comprehensive package of business support and has been signposted in the government’s guidance […]