Hospitality News & Views From Across the Web

Want to stay on top of key industry news, but don't have the time to stay up to date with what matters? Worry no more!

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?

Company News
Hotel Owner

Oyo sees global growth intentions stunted

Oyo Hotels has reportedly faced difficulties regarding its global expansion strategy, following reported monthly losses of $15m throughout the pandemic. The group has previously set targets on becoming the largest hotel chain in the world, entering the UK in 2018 and expanding into Europe with the $415m (£297m) acquisition of

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Company News
PhocusWire

TUI continues cost-saving program, looks to summer recovery

European package travel specialist TUI Group is hopeful of a return to some form of normality for summer 2021, with 2.8 million customers already booked. The figure represents a 44% decrease on Summer 2019 bookings but the company says daily bookings in January were up 70% compared with December 2020

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News
Hospitality Net

Hotel Lawyer: PACE Financing – Now an accepted tool for hotel lenders and borrowers | By David Sudeck

Hotel finance lawyer: PACE Financing is now mainstream About five years ago, my partner David Sudeck, a senior member of JMBM’s Global Hospitality Group®, spoke at a hotel industry conference about the attractive features of PACE financing as an innovative financing technique. David has extensive experience with virtually all kinds

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Company News
PhocusWire

In first earnings report, Airbnb posts quarterly loss of $3.9B

Airbnb co-founder and CEO Brian Chesky says he believes the COVID-19 pandemic has shown that his business is “inherently adaptable” as the home-share giant reports financial results for the first time since its IPO in December. Adaptable as Airbnb may seem – it’s been widely reported that vacation rentals across the

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Company News
Hotel Owner

IHG to debut Voco Hotels in Scotland

IHG Hotels and Resorts has announced the debut of its Voco Hotels brand into the Scottish market. Glasgow’s Voco Grand Central and Voco Edinburgh — Haymarket are both due to open in March 2021, subject to the Scottish Government’s restrictions and guidelines. Comprising 230 rooms, as well as extensive meeting

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News
Hotel Owner

Over 200 hospitality leaders plead for emergency support

More than 200 industry leaders and trade bodies representing the UK’s hospitality and pub sectors have warned the Government that, unless a “substantial package of support” is announced at the Budget, nearly two thirds of businesses may not be able to make it to the end of lockdown. UKHospitality, the

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