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?

U.S. hotel profitability hits pandemic high

U.S. hotel gross operating profit per available room (GOPPAR) reached its highest absolute level since February 2020, according to STR‘s February 2021 monthly P&L data release.  GOPPAR had come in no higher than US$12.69 for any month since the pandemic’s initial impact on industry performance last March. In addition to improved absolute

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Europe’s hotels see values fall by up to 15%

Sharp declines in revenue caused by the pandemic coupled with a more cautious approach to lending has prompted hotel valuations to fall over the past 12 months, although not as steeply as some had initially anticipated. This is the key finding of the annual European Hotel Valuation Index (HVI) compiled

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News
Hospitality Net

Marriott Vacations Worldwide Completes Acquisition Of Welk Resorts

Marriott Vacations Worldwide (NYSE: VAC) (“MVW” or the “Company”) announced today that it has completed the previously announced acquisition of Welk Resorts, one of the largest independent timeshare companies in North America, for $485 million, including approximately 1.4 million MVW common shares of stock. “With its eight upper upscale ownership

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News
Hotel Owner

RCA names Christie & Co as ‘most active’ hotel agent

Christie and Co has been ranked as one the most active agents in the hotel sector across Europe for 2020 based on the number of hotels sold, according to the latest rankings provided amongst tracked brokers on Real Capital Analytics (RCA). RCA’s latest figures revealed that Christie and Co sold

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Development
Hospitality Net

Hyatt Announces Significant Brand Expansion Plans In India

Hyatt Hotels Corporation (NYSE: H) announced plans to grow its brand footprint in India – one of Hyatt’s top three growth markets globally – by more than 70% by 2023. With over 20 executed managed and franchised agreements, Hyatt will add more than 3,600 keys to its existing portfolio of

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Development
Hotel Owner

Accor opens new Ibis hotel in Bridgwater

Accor has announced it has opened the largest internationally-branded hotel in the Somerset town of Bridgwater – the 144-room ibis Bridgwater. Operated by Cycas Hospitality as part of a management agreement with Zeal Hotels and Sandgate Investors, the new-build property is the first ibis hotel in the UK to showcase

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