Hotel construction down around the world, except in Europe

LONDON – Europe is the only world region showing increased hotel construction activity in comparison with the end of Q1 last year, according to March pipeline data from STR. March 2021 (% changes in comparison with March 2020) Europe In Construction: 258,129 rooms (+26.9%) Final Planning: 181,101 rooms (+23.7%) Planning: 155,615 rooms (-8.8%) Germany (51,785) […]

4 Must-Haves for a Hotel Tech Stack | By Martin Reichenbach

During the COVID-19 crisis, technology has undoubtedly enabled us to stay safe, connected, stimulated, and productive in a way that would have been unimaginable, even 20 years ago. Inevitably, businesses will also need to transform their practices radically in order to adapt to the new world order, enable their employees to be even more productive […]

Setting New Benchmarks In The Luxury Hotel Segment

Deutsche Hospitality is uniting its flagship hotels under a new umbrella brand. The name “Steigenberger Icons” will be used in future to position exceptionally luxurious Steigenberger Hotels & Resorts which are characterised by their singular quality aspirations, their location, and their particular historical background. The first hotels to be designated as Steigenberger Icons are the […]

Why Now Is The Best Time To Finance | By Dr. Donald Wise

Winter is officially over, and although the capital markets for hotel and resort refinance, acquisition and new-build construction lending have been frozen, they have been stealthily thawing out since the first of the year. Since the start of the pandemic, short-term bridge and renovation loans for the hospitality sector have been mostly non-existent and full […]

Kiosk Technology Catches Up With Hotel Guests’ Desire for Contactless Check-In

As the hotel industry continues to figure out ways to reduce in-person contact during the COVID-19 pandemic, a major brand has reintroduced the check-in kiosk to see if now is the right time for them. Marriott International announced earlier this week it’s piloting a contactless kiosk at a few of its properties, allowing guests to […]

2020 European Hotel Transactions | By Shaffer Patrick

Total European hotel transaction volume reached €8.5 billion[1] in 2020, representing a fall of 69% on 2019 (see Chart 1), which was the previous market peak at €27.1 billion. Even so, 2020 figures remain significantly ahead of those seen in the Global Financial Crisis, with 2009 seeing only €3.1 billion in transaction volume. Highlights 48% […]

Magnuson Hotels Plans UK Relaunch With Tailored Technology Platform

Magnuson Hotels is relaunching its offer to the independent UK hotel market with its new Mag­nuson Cloud platform, which will manage revenue, distribu­tion and marketing for members. The consortium, owned by Thomas and Melissa Magnu­son, was set up in the US in 2003 and launched to the UK market in 2010, initially offering commission-based membership. […]

The Mask – Hospitality’s NEW Superpower! | By Roberta Nedry

Superman has his cape! Black Panther has his Vibranium! Wonder Woman has her Lasso of Truth! Thor has his hammer! These superheroes capture our imaginations and our hearts with their adventures and special gifts but what about the rest of us? What, if anything, do our hospitality teams have that catapults them to Superhero status?? […]