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?

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

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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

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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

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Modest decline in value of European hotels

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 by

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Hospitality leadership looks to build back better

New initiatives are looking to build back hospitality’s human resources better, after the pandemic shutdown of the industry.   In the UK, the Hoteliers’ Charter is gaining momentum, with the mission of changing the perception of the sector in the eyes of potential recruits. While in the USA, the legacy of

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WTTC calls on rapid testing on departure

Rapid testing on departure at airports is the key to unlocking international travel, says the World Travel & Tourism Council in its submission to the UK government’s Global Travel Taskforce.  The World Travel & Tourism Council (WTTC), which represents the global Travel & Tourism private sector, has been at the

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Vaccinate SIDS to restart tourism

The World Tourism Organization (UNWTO) is calling for the international community to show solidarity with Small Island Developing States by ensuring they have access to COVID-19 vaccinations. With tourism a leading employer and economic pillar for many of the SIDS, the United Nations specialized agency has stressed that pledges to

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When the Parisian sky takes on an Italian air

Langosteria will open its first restaurant outside Italy within Cheval Blanc Paris, the new Maison of the eponymous collection developed by LVMH. Facing the river Seine, the restaurant will be located on the seventh floor, with an indoor space that opens onto a terrace overlooking the Paris skyline. Langosteria is

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