Hospitalityinside Special ITB 2015 March 2015
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What Is Happening in the European Hotel Sector?
What is happening in the European hotel sector? Received: 5 October 2004 Ruth Waite is a research analyst with the London office of HVS International, a leading global firm of hotel real estate advisers and valuers. Russell Kett is Managing Director of the London office of HVS International, which covers Europe, the Middle East and Africa, and each year advises on some 250–300 individual hotels or developments within the Europe, Middle East and Africa region. Abstract The authors are delighted to introduce a series of quarterly papers which aim to observe the latest trends in the key industry sectors. Subjects to be covered in forthcoming issues will be boutique/lifestyle hotels, budget hotels, luxury hotels, mid-market hotels, serviced apartments and timeshare/resort developments. This first paper in the series presents a snapshot of current trends in the market generally concerning values, acquisitions and disposals, funding and development, and includes highlights of recent events from the year so far. Keywords: European RevPAR, hotel values, hotel investment activity, hotel funding trends INTRODUCTION Since the beginning of 2004, the long awaited revenue per available room (RevPAR) growth in Europe has been a gradual and muted affair, but industry experts are at last reporting with more optimism on the progress being made. In the current climate of volume-led recovery, where additional variable costs are associated with servicing more rooms and guests, it is only those hotel markets that are able to increase average rates as well as occupancy that are enjoying marked improvements in revenues. According to Deloitte,1 the majority of countries in Europe have experienced an improvement in occupancy during recent months. -
Keyboard Warriors Protecting One's Online Reputation Exclusive Club
Summer 2018 Keyboard warriors Protecting one’s online reputation Exclusive club The challenges of luxury membership schemes www.hmi-online.com An of cial publication of www.ehma.com North Africa focus • Asset-right development • New spa trends • Select service F&B HMI075_Cover.indd 1 10/07/2018 14:05 GERMAN PRECISION, GLOBAL VISION PASSION TRADITION VISIONARY PERFECTION CARING Deutsche Hospitality stands for an exceptional portfolio comprising more than 130 hotels on 3 continents. The unique portfolio includes Steigenberger Hotels and Resorts, the new hotel brand MAXX by Steigenberger, our lifestyle option, Jaz in the City, and IntercityHotels at busy hubs such as railway stations and airports. Deutsche Hospitality.indd 1 10/07/2018 10:18 From the editor On the web... Keep up with the latest developments across the hotel industry by visiting www.hmi-online.com Phin Foster, editor New world order hen Hotel Management onto our radar following his appointment as International debuted in 1996, Rezidor CDO in 2007, he has been a regular Hotel Management International the industry it covered was presence on these pages, as we charted his Summer 2018 W almost unrecognisable to the one that we successes, first in Brussels and then, from EDITORIAL look upon today. Our focus lay squarely on 2014, as CEO of Steigenberger Hotel Group. Editor Phin Foster [email protected] Europe. More specifically, the UK, France, But his latest move might be indicative Chief sub-editor Thom Atkinson Germany, Italy and perhaps a few luxury of another fundamental shift in the Sub-editors Jim Findlay, Dale Hogan, Todd Palmer Senior feature writer Greg Noone resorts in the southern outposts of the aforementioned series of macro-trends. -
Harborside Restaurant Noon–3 P.M., “All You Can Eat” $5.95
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HOTEL NEWS January 2014
HOTEL NEWS January 2014 TRANSACTIONS FOR SALE BRANDS TRENDS NEW OPENINGS DEVELOPMENT Welcome to our first 2014 monthly round-up, highlighting a selection of key news and developments for the UK & Ireland. Transactions Marriott has announced the sale of the 5-star 173-bed London EDITION to Abu Dhabi Investment Authority (ADIA), who acquired 42 regional UK Marriott hotels last year. The hotel had been mar- keted by HVS with a £150M guide price and was sold alongside two EDITION hotels in Miami and New York for a total consideration of $815M subject to long-term management agreements. Patron Capital has acquired the 4-star 165-bed Clarion Hotel Dublin IFSC for €33M. The hotel was sold by Savills on be- half of KPMG, receivers appointed by NAMA. It will now be managed by Fitzpatrick Lifestyle Hotels, who operate two hotels in Dublin - The Beacon and The Morgan - and provided some equity on the deal. Starwood Capital has acquired regional UK hotel group, Four Pillars for an undisclosed sum. The purchase related to a mainly 4-star portfolio of six hotels (five owned and leased / one managed) with 929 rooms in Oxfordshire and Glouces- tershire. Canaccord Genuity advised on the sale for HSBC, AIB and Bank of Ireland. Royal London Asset Management has bought the 234-bed Premier Inn London Waterloo (Westminster Bridge) from Marick Real Estate for £48M, representing a 4.4% yield. The hotel opened in March 2013 and is leased to Whitbread for 25 years at a current rent of £2.2M p.a. US private equity group Angelo Gordon has bought the 116-bed Umi London Hotel in Bayswater from the Lowy Group for a reported £30M. -
Brochure Inside Pages 14/9/05 14:19 Page 1
Travel Awards Cover 14/9/05 14:09 Page 1 brochure inside pages 14/9/05 14:19 Page 1 Introduction Welcome to the 19th annual Guardian, Observer and For those whose livelihoods depend on tourism, Guardian Unlimited Travel Awards. As the longest- 2004 ended on a terrible note. The devastating running independent survey of its kind, we believe tsunami which swept through the Indian Ocean was the results published in this brochure offer a unique proof of just how fragile this industry can be. But it and fascinating insight into the tastes and also served to illustrate the regenerative power of preferences of discerning travellers today. tourism. Predictions at the time that hotels would be up and running within weeks seemed impossibly Size isn’t everything, or so they say. And once again optimistic but the cynics were proved wrong, as the results of our survey prove that, when it comes destinations like Thailand, the Maldives and Sri to choosing a holiday, our readers tend to favour the Lanka hurried to rebuild their battered infrastructure. smaller, specialist companies over the big mass market operators. The same principle applies to their The fortunes of the travel industry have always preferred destinations. If these awards were judged been particularly vulnerable to events such as purely on the number of entries, then you might natural disasters or terrorism, but the huge response expect favourites such as France and Spain to win to these awards shows that our appetite for travel is every year. Our unique scoring system ensures that as strong as ever. -
Scholarly Commons @ Ouachita July 28, 1983
Ouachita Baptist University Scholarly Commons @ Ouachita Arkansas Baptist Newsmagazine, 1980-1984 Arkansas Baptist Newsmagazine 7-28-1983 July 28, 1983 Arkansas Baptist State Convention Follow this and additional works at: https://scholarlycommons.obu.edu/arbn_80-84 Part of the Christian Denominations and Sects Commons, and the Mass Communication Commons On the cover SBC has 16 hotels for individuals by Cra ig Bird NASHVILLE. Tenn. (BP)- Sixteen Kansas 763-()6()(); Blue Valley M Anor. 22%363; City hotels wit h contracts with the Southern Granada Royale Hometel, 756-1720; Heri· Ba pti st Convention Housing Bu reau were tage Inn. 331·1200; Hilton Air port Plaza made availabl e to individuals Ju ly 15. Inn. 891-8900; Hil ton Pl aza Inn, 753-7400; The annual meeting of the SSC will be Holiday lnn-KC I, 46+2345; l aQuinta Ju ne 12-14, 1984 in Kansas City, Mo. Motor Inn, 913-492·5500; Marriott Hotei-KCI , The SSC retained contracted space in 32 464--2200; Raphael Hotel, 75&3800; Regency hotels. Those 4,000 rooms will be a llocated Park Resort, 913-649--7000; Sheraton- KC I, to people mailing in room requests to the 741 -5900; Skylin e Inn, 741 -5500, and Sum- sse Housing Bu reau after Oct. 1. 1983. mi t Inn. 525-1400. "These 16 hotels still have contracts with The hote ls not released by the Housi ng the SBC and most are off ering special rates Bureau are: Adams Mark, Arrowhead Inn. to SBC messengers. " sa id Tim Hedquis t. d i- Ba ll Pa rk Inn, Best Western Antioch Inn, rector of fi nancial planning for the SBC Best Western Ha ll mark Inn-liberty, Best Executive Committee and director of the Western Stadium Inn, Capri. -
SM La Notizia Londra XIV6 .Indd
Anno XIV N0 6 Novembre Dicembre 2018 FREE www.greennetworkenergy.co.uk Direttore Salvatore Mancuso Tel: 020 8879 1378 Mob: 07976 299 725 [email protected] - www.smphotonewsagency.com RIPARTONO I CORSI DI ITALIANO A LONDRA IL CONSOLATO HA SBLOCCATO LA SITUAZIONE DI CRISI I corsi di italiano sono ripresi rego- ministero degli Esteri in quanto ente larmente a Londra dopo la grossa, sor- fi nanziatore. prendente, devastante crisi dello scor- Il console aveva proposto di affi dare so maggio quando il Coasit, la charity la gestione dei corsi di italiano a Sial che li aveva in gestione, era stata ob- durante una riunione del Comites che bligata a sospenderli all’improvviso si è svolta il 27 luglio. “ Vista la gravi- per mancanza di fondi tra lo sconcerto tà della cosa e i tempi stretti, mi sono e il malcontento della comunità an- adoperato senza tregua – aveva detto gloitaliana. Le iscrizioni sono incomin- Villani - per trovare soluzioni adegua- ciate a settembre per le lezioni dell’an- te e alla svelta. Dai contatti con la Sial, no scolastico 2018-2019 in calendario questa si è dimostrata disponibile a da ottobre al prossimo giugno. garantire la continuità dei corsi da set- Roberto Luongo, Ambasciatore Raff aele Trombetta, Leonardo Simonelli e Domenico Calabria La riapertura, sotto nuova gestione tembre e siccome bisogna presentare (al Coasit è subentrata la Sial), è stata proposta e bilancio preventivo entro il possibile grazie all’impegno del Con- 31 luglio 2018 al Ministero degli Esteri solato d’Italia a Londra e in particolare per riattivare il contributo, mi auguro del console generale Marco Villani. -
European Hotel Transactions 2004
European Hotel Transactions 2004 This issue has been published by the London Office of HVS International 2005 Edition Philippa Bock and Bernard Forster good covenants, together with the availability of a buyer and the offer Introduction exceptional level of private equity and matching the vendor’s expectations. institutional capital becoming available. During 2004, HVS recorded a total of he European hotel industry staged 137 single asset hotel transactions of a good recovery in 2004, having more than €7.5 million, the minimum experienced significant instability T amount set for a transaction to qualify in recent times as a result of numerous European Single for inclusion in our survey. The total unprecedented events worldwide. The volume of single asset transactions was resilience of the hotel market, as proven Asset Transaction particularly impressive, resulting in a over the last three years, has resulted in Activity record level of investment; this hotel real estate now being considered a investment, at approximately €4 billion, mainstream asset class. Moreover, the ith no unprecedented events was 21% higher than it was the previous upside of hotels in a recovering market occurring in Europe during year. Single asset transactions accounted is very appealing, with the positive 2004 to send the industry into W for approximately 45% of the total leverage resulting from improved turmoil, the signs in late 2003 that many investment activity, less than the profitability creating a very attractive European markets were at the bottom of previous year; however, this was environment for investors. their cycles proved correct, with a understandable considering the strong In 2004, the European hotel number of European markets enjoying increase in portfolio activity following investment market shifted into top gear RevPAR growth in 2004. -
2018 Annual Report Table of Contents a Note from Ficp Leadership
2018 ANNUAL REPORT TABLE OF CONTENTS A NOTE FROM FICP LEADERSHIP We are very proud of all that FICP accomplished in 2018, and are A Focus on Growth, Value excited to continue to build upon those successes in future years to drive even greater value for our community. and Influence .............................. 2 Last year, our dedicated volunteers created new and enhanced opportunities for our members and hospitality partners to build Increasing Member their knowledge and network, so that their full value and impact is Participation ................................. 3 recognized, both by their organizations and the meetings and events industry in which we all work. Enhancing Value .......................... 5 FICP’s Board of Directors, committees, event teams and task forces continued to share the resources and tools you need to advance in your careers and drive positive outcomes at your companies – both Demonstrating Industry online and at our in-person events. Leadership ................................... 9 At the same time, they worked on behalf of FICP to establish partnerships and collaborate with industry leaders to showcase the 2018 by the Numbers ................. 11 thought leadership of its members and position you as influencers. We would like to express our sincere appreciation to every volunteer, member, hospitality partner and expert contributor who made these 2018 Financial Summary .......... 14 achievements possible, and invite you to join us as we focus on future opportunities to amplify your impact and value. Community -
Stochastic Bilevel Models for Revenue Management in the Hotel Industry
UNIVERSITE´ DE MONTREAL´ STOCHASTIC BILEVEL MODELS FOR REVENUE MANAGEMENT IN THE HOTEL INDUSTRY JULIO CESAR´ MONTECINOS MERY DEPARTEMENT´ DE MATHEMATIQUE´ ET DE GENIE´ INDUSTRIEL ECOLE´ POLYTECHNIQUE DE MONTREAL´ THESE` PRESENT´ EE´ EN VUE DE L'OBTENTION DU DIPLOME^ DE PHILOSOPHIÆ DOCTOR (GENIE´ INDUSTRIEL) JANVIER 2014 c Julio C´esar Montecinos Mery, 2014. UNIVERSITE´ DE MONTREAL´ ECOLE´ POLYTECHNIQUE DE MONTREAL´ Cette th`eseintitul´ee : STOCHASTIC BILEVEL MODELS FOR REVENUE MANAGEMENT IN THE HOTEL INDUSTRY pr´esent´ee par : MONTECINOS MERY Julio C´esar en vue de l'obtention du dipl^ome de : Philosophiæ Doctor a ´et´ed^ument accept´eepar le jury d'examen constitu´ede : M. ANJOS Miguel F., Ph.D., pr´esident M. SAVARD Gilles, Ph.D., membre et directeur de recherche M. MARCOTTE Patrice, Ph.D., membre et codirecteur de recherche Mme FREJINGER Emma, Doctorat, membre M. ANDERSON Christopher, Ph.D., membre iii This thesis is dedicated to Paulina & Francisca, You are always in my heart . iv ACKNOWLEDGMENT The development of this thesis would have not been possible without the guidance of my supervisors, M. Gilles Savard and M. Patrice Marcotte. I am very grateful and indebted for all the time and effort expended on me during these years. I also want to express my gratitude to the committee that will review this thesis for any suggestion or questions that can improve or clarify any aspect of this research. Several people contributed to the advancement of this work through the discussion of theoretical and technical aspects. I am very grateful to all of them for sharing their skills, their precious comments and suggestions through all these years. -
European Chains & Hotels Report 2019
European Chains & Hotels Report 2019 Contents Welcome to Horwath HTL, the global leader in hospitality consulting. We are the industry choice; a global brand providing quality solutions for hotel, tourism & leisure projects. Page 5 Forward Page 32 Albania Page 7 Introduction Page 36 Croatia Page 42 Cyprus Page 10 Chain Hotels & Brands Page 46 Denmark Page 14 Year-on-Year Growth Page 50 France Page 16 Supply Page 56 Germany Page 18 Chain Hotels & Rooms Page 62 Greece Page 22 International Capital Flows Page 68 Hungary Page 24 Investment Page 74 Ireland Page 26 Openings & Deal Signing Page 80 Italy Page 28 Business Model Page 86 Montenegro Page 92 Netherlands Page 98 Norway Page 102 Poland Page 108 Portugal Page 114 Serbia Page 120 Slovenia Page 126 Spain Page 132 Sweden Click on this icon for easy navigation Page 136 Switzerland of the document Page 142 Turkey Page 148 United Kingdom Horwath HTL l European Hotels & Chains Report 2019 3 Forward The report looks at the relationship between hotel chains, their myriad of brands, and the wider world of hospitality and lodging. A very warm welcome to the new edition of the Horwath We look at the models used by the chain companies HTL Chains & Hotels Report, the third annual instalment. and see which ones are the most prevalent, in which The report looks at the relationship between hotel chains, market segment. and their myriad of brands, and the wider world of hospitality and lodging. In this edition, we have enhanced the report in a number of key ways. Firstly, we have greatly expanded the scope There have been two big stories over the last 25 years of the markets, from 12 last year to 22 this. -
EY Tourism Market Overview September 2020
Tourism Market Overview Turkey & Istanbul September 2020 Important notice and disclaimer Important notice and disclaimer Content of this document This document has been prepared by Ernst Young Kurumsal EY Turkey has not verified any of the information in this Finansman Danışmanlık AŞ (“EY Turkey”), it is based on document. EY Turkey (including its partners, officers, the information provided by the other sources referred to in employees and agents) does not owe a duty of care to any the document. It provides information about the overview recipient of this document in relation to the information in of tourism market in Istanbul and Turkey for the ones who this document. are in the tourism business or interested in tourism industry Neither EY Turkey nor any of its partners, officers, (Interested People). This document (and the information employees and agents make any express or implied contained herein) does not constitute an offer to sell of representation or warranty and no responsibility or liability or an invitation to invest into any asset or business, nor is accepted by any of them with respect to the adequacy, will it form a part of any strategic alliance decision or any accuracy, completeness or reasonableness of the facts, decision to enter into any type of cooperation. opinions, operational, financial or other information set Interested People are not to construe the contents of out in this document or any further information, written this document as legal, business, tax or other advice. Each or oral notice, or other document at any time supplied one should consult its own legal, business, in connection with it, and nothing contained herein, or technical, accounting and tax advisers.