Seniors attract interest

Investors are lining up to participate in the growth of Europe’s senior living market, taking note of the niche’s impressive demographic attractions.   In France, a restructuring will reposition operator Domitys for further growth, strengthening its pipeline as the company looks to expand into other European countries. And in the UK, newly private McCarthy & Stone has lined […]

Jabbing towards a restart

Businesses and authorities are executing a range of measures to help get hospitality and travel working again.  Meanwhile, vaccinations are proceeding at a variety of speeds globally. Even in nations with a fast pace of vaccination, there remain concerns about alternative strains of the virus, which could potentially evade vaccines already being deployed.   Israel leads […]

Pubs with rooms maintain momentum

A pandemic-enforced refocus on staycations has led UK pub companies to take another look at the benefits of offering accommodation alongside pies and pints.   However, for some the immediate challenge will be refloating businesses that have had a lengthy period closed due to government lockdowns. Once trading again, they will be keen to reopen accommodation to take […]

Chinese domestic market rebounds

Leading Chinese hotel operators are seeing a return to previous levels of business, as 2021 unfolds. But their overseas holdings dragged down performance in the last year, and are still acting as a brake as pandemic lockdowns remain in place.   Fast-growth budget hotel operator Huazhu saw overall net revenues down 9% for the full year, but up 6% in […]

WeWork goes to market

Serviced office providers are moving fast to grab the initiative as they look to a more flexible future of work, after the pandemic.   Sector leader IWG is busy signing up new corporate clients and has already agreed one European takeover deal. Meanwhile, sector newcomer WeWork is heading towards a listing, via reversal in the US […]

Repurposing begins

Developers in London are reviewing their pipelines, as an era of cheap development finance for hotels appears to have temporarily closed off some options.  Two high profile schemes in London have recently been reappraised by their developers, the tip of potentially a much larger wave of projects that will not proceed as planned. Alongside concerns over […]

Travel’s massive losses

The World Travel & Tourism Council has assessed the economic impact of covid-19 as being a loss of almost USD4.5trn in business. It says the sector’s contribution to global GDP dropped 49.1% and last year accounted for just 5.5% of the global economy.  WTTC president Gloria Guevara praised government interventions that helped save jobs and […]

Extended stay resilience

After a strong 2020 that saw extended stay properties outperform their hotel peers, international groups are racing to balance their brand portfolios.   Investors, too, are keen on the sector, with a major vote of confidence in the US as Blackstone and Starwood Capital agreed a jointly backed USD6bn take-private deal for Extended Stay America.   The […]

Funds anticipate distress opportunities

Funds are gathering financial firepower to take advantage of the post-pandemic landscape, across the hotel landscape.   While some have already picked off opportunities, there remains plenty of cash sitting on the sidelines, waiting for signs of distress as lockdowns and travel bans continue to choke the sector.  Spanish fund manager Azora was early to the starting blocks, raising EUR680m […]

Middle East growth plans

Both Dubai and Saudi Arabia have revealed growth plans that will further reduce their region’s reliance on oil revenues into the future.   Inevitably, such plans include a major focus on hospitality as a sector that will drive international visitors and revenues, over the next decades. For Dubai, the task is about building on an existing infrastructure; for […]