Hospitality News & Views From Across the Web

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Our team regularly monitors a number of key sources for the most interesting hospitality news and opinion pieces, so you don’t have to.  Those that catch our eye are reposted here, with content added most days, so be sure to bookmark this page and check back regularly.  Alternatively, if you would like to receive a weekly digest, why not sign up to our newsletter to have it delivered to your inbox every Thursday?

News
Hospitality Net

New Report Shows Value Of IP To The Tourism Sector

A new report published jointly by WIPO and the World Tourism Organization (UNWTO) on the value of intellectual property in boosting tourism shows how the IP system creates a favorable ecosystem for innovation, entrepreneurship and investment in the sector. The publication, entitled “Boosting Tourism Development through Intellectual Property,” highlights good

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Europe
Hotel Owner

CBRE sells The Moxy Dublin City for €35m

Global real estate advisor, CBRE has confirmed that following an off-market process, Midwest Holding AG has sold The Moxy Dublin City to The MHL Hotel Collection for a price in the region of €35m (£30m). It said the hotel benefits from its association with Marriott Worldwide being branded as the

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Development
Hotel Owner

Glencoe Inn reopens after £500k refurb

The Glencoe Inn, which is part of the Crerar Hotels chain, has reopened to guests after completing its major refurbishment of £500,000. All of the hotel’s 15 bespoke bedrooms and bathrooms have been fully refurbished ahead of its reopening. As part of the six-figure investment, the hotel has overhauled its

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Views
Hospitality Net

COVID-19 Forces Hotel Revenue Management To Evolve: Breaking Down Silos And Maximizing Profits | By Mailys Pensivy

Each economic crisis, in 1990, 2009 and now 2020, has forced changed in the hotel revenue management discipline. The most recent disruption, Covid-19, has created an acceleration in Artificial Intelligence plus the redefinition of certain segments or the expectations from key revenue-generating departments. Redefining the Role of Hotel Revenue Leaders

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Company News
Hospitality Net

IHG First Quarter Trading Update to 31 March 2021

Highlights Improvement in demand within the first quarter, led by the Americas and Greater China. Group RevPAR down 50.6% vs 2019 (down 33.7% vs 2020); continued industry outperformance in key markets. RevPAR reflects a 23%pts reduction in occupancy, with rate sustained at ~80% of 2019 levels. Occupancy of 40.0%, improving

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A challenging quarter

Listed hotel groups around Europe nursed themselves through a quiet first quarter, as they looked forward to a busier summer.   A combination of expectation and hope – depending on the specific territory – mean most are factoring in a strong return of domestic leisure business. Some are also predicting the

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Real estate demand unbounded

Real estate investors slackened their pace due to the Covid-19 pandemic – but not by much. And the appetite for further investment in bricks and mortar is set to increase substantially, it is suggested.  According to figures collated by ANREV, INREV and NCREIF, global real estate investment managers raised EUR123bn during last year,

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Deals start to ease

Signs are emerging that distressed hotel assets are starting to trade, as administrators and holders of debt push for resolution.  The pragmatic signals will be a welcome sign for those with funds to invest, heralding the easingn up of a market that has, to date, seen little of the expected wave of distressed asset

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Travelling with purpose

As the global travel industry looks to restart following the Covid-19 pandemic, there is a strong desire to rebuild a sector with a far greater focus on sustainability and purpose.   The move looks to build on what appears to be a growing awareness among consumers of their environmental impact. Pandemic lockdowns saw air quality in cities

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Mixed prospects for European summer

As Europe works to accelerate vaccination programmes over the coming months and control the spread of COVID-19, the expected easing of restrictions provides some hope for travel in summer 2021. The European Travel Commission’s (ETC) quarterly report ‘European Tourism Trends & Prospects’  outlines that despite vaccine hurdles in recent months,

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