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The World's Biggest Hotel Companies. Old Trends and New Tendencies
MISCELLANEA GEOGRAPHICA – REGIONAL STUDIES ON DEVELOPMENT Vol. 19 • No. 4 • 2015 • pp. 26-33 • ISSN: 2084-6118 • DOI: 10.1515/mgrsd-2015-0020 The world’s biggest hotel companies. Old trends and new tendencies Abstract Many hotels are owned by a few dozen so-called hotel chains or hotel Andrzej Kowalczyk systems. The rapid growth of big hotel companies can be regarded as proof of the entrance of hotel systems into the globalisation phase. Since 2006, companies from the People’s Republic of China (PRC) have been among the world’s top hotel systems. This year can be considered Department of Geography of Tourism & Recreation as the symbolic beginning of a new stage in the history of the largest Institute of Socio-Economic Geography & Spatial Management hotel systems. This paper shows two main trends. On the one hand, the Faculty of Geography & Regional Studies processes that could be observed in the market of the major global hotel University of Warsaw Poland systems from the 1990s are still discernible (for example, the position of e-mail: [email protected] the so-called hotel megasystems). On the other hand, new trends have come to the fore in recent years, notably the emergence of systems from the People’s Republic of China among the world’s largest hotel systems. Keywords Hospitality • hotel megasystems • Chinese hotel chains Received: 30 September 2014 © University of Warsaw – Faculty of Geography and Regional Studies Accepted: 18 August 2015 Introduction A large proportion of hotels worldwide are owned by a few systems, non-cash settlements, launching new services for clients dozen so-called chains or systems, many of which operate and new technological solutions in catering, and so on. -
A New Voyage Begins
A new voyage begins 2013 REGISTRATION DOCUMENT AND ANNUAL FINANCIAL REPORT ACCO_1402056_Couv_Doc de ref_A4_GB.indd 1 01/04/14 19:16 Content 1 4 CORPORATE 2013 REVIEW OF PRESENTATION 3 THE YEAR 163 1.1. Corporate Profile 4 4.1. Financial review AFR 164 1.2. Core Businesses 4 4.2. Report on the parent company financial statements 1.3. Financial highlights 11 for the year ended December 31, 2013 172 1.4. Milestones 12 4.3. Material contracts AFR 175 1.5. Strategic Vision and Outlook 15 4.4. Significant events of early 2014 AFR 175 2 5 CORPORATE FINANCIAL RESPONSIBILITY 23 STATEMEMENTS AFR 177 2.1. Background and challenges 24 5.1. Statutory auditors’ report on the consolidated financial statements 178 2.2. Stakeholder relations 26 5.2. Consolidated Financial Statements and Notes 179 2.3. Corporate social responsibility process and commitments 33 5.3. Statutory auditors’ report on the financial statements 280 2.4. CSR and Governance 43 5.4. Parent Company Financial Statements and Notes 282 2.5. Commitments to employees AFR 44 2.6. Commitments to society AFR 55 2.7. Environmental commitments AFR 67 6 2.8. Measuring and assessing our performance 82 2.9. Independent verifier’s report on consolidated social , CAPITAL AND OWNERSHIP environmental and societal information presented STRUCTURE 317 in the management report 94 6.1. Information about the Company 318 6.2. Share capital AFR 321 6.3. Ownership structure AFR 325 3 6.4. The market for Accor Securities 328 CORPORATE GOVERNANCE 97 3.1. Administrative and management bodies 98 7 3.2. -
UNIVERSAL REGISTRATION DOCUMENT 2019/2020 Including the Annual Financial Report Summary
UNIVERSAL REGISTRATION DOCUMENT 2019/2020 Including the Annual Financial Report Summary PRESENTATION OF THE GROUP 5 1.1 Presentation of the Group 6 1.2 Company information 13 1.3 Information about the share capital 18 1.4 Shareholders 19 1.5 Stock market indicators 23 RISK MANAGEMENT 25 2.1 Internal control and risk management mechanisms 26 2.2 Risk factors 28 2.3 Insurance and risk coverage 36 2.4 Preparation of financial and accounting information 37 CORPORATE GOVERNANCE 41 3.1 Administrative and management bodies 42 3.2 Remuneration of corporate officers 51 3.3 Summary of valid powers granted to the Board of Directors regarding capital increases 69 3.4 Information likely to have an impact in the event of a public offering (Article L. 225-37-5 of the French Commercial Code) 70 3.5 Agreements entered into between an executive officer or significant shareholder and subsidiaries of the Company 71 3.6 Special procedures for the involvement of shareholders in the Shareholders’ Ordinary Meeting 71 3.7 Regulated agreements 72 3.8 Statutory Auditors’ special report on regulated agreements 73 EXTRA-FINANCIAL PERFORMANCE DECLARATION 75 4.1 A Group committed to responsible tourism 76 4.2 Making sustainable development a lever to enrich the customer experience 79 4.3 Creating value in the regions where we operate 84 4.4 Developing a culture of responsible entrepreneurs 88 4.5 Limiting our Environmental and Carbon Footprint and Promoting Biodiversity 100 4.6 Methodological note 107 4.7 Independent Third-Party Body report 110 4.8 NFPS concordance -
China Hotel Market (5Th Consecutive Survey on the Influence of the Coronavirus Outbreak) 2021 Q2
Singapore: Hotel Market Market Report - March 2019 SENTIMENT SURVEY China Hotel Market (5th Consecutive Survey on the Influence of the Coronavirus Outbreak) 2021 Q2 APRIL 2021 China Hotel Market Sentiment Survey – April 2021 With Large-scale Vaccination, the Market is Expected to Pick up Significantly 2021 Q2 Sentiment Score -14 31 32 27 Under the influence 18 23 9 3 of Covid-19 -9 -9 outbreak -14 -32 -40 1 -47 -12 -88 -116 14 First 14 15 First 15 16 First 16 17 First 17 18 First 18 19 First 19 Feb Jun Sep Jan Mar Half Second Half Second Half Second Half Second Half Second Half Second 2020 2020 2020 2021 2021 Half Half Half Half Half Half Question: Compared with the second quarter 2021 Q1 Hotel Market Performance Outlook of 2019, what’s your prediction on the overall 100% hotel market performance of the second quarter of 2021? 80% Occupancy With the normalization of domestic epidemic prevention and the large- 60% scale vaccination, the market confidence has been greatly improved. The sentiment score of Q2 2021 reached a peak since the Covid-19 outbreak, 40% even exceeding the score in the second half of 2019. 34% of the respondents predict that the overall occupancy rate of Q2 2021 will 20% recover to the same level of Q2 2019. 29% of the respondents even believe that the occupancy rate will be higher. Benefiting from the return 0% of high-value tourists, the sentiment score of Hainan increased 24 points OCC ADR Total Rev compared with that of last survey to 29, showing positive market Mu ch Worse Wo rse expectations. -
Nominations Olivier Garaïalde, Chief Executive Officer Sylvain Bosc, Chief Commercial Officer
Press Release Nominations Olivier Garaïalde, Chief Executive Officer Sylvain Bosc, Chief Commercial Officer Paris, 1 March 2021 – The Pierre & Vacances-Center Parcs Group announces the nominations of Olivier Garaïalde as Chief Executive Officer and Sylvain Bosc as Chief Commercial Officer of Center Parcs Europe. Olivier Garaïalde reports directly to Franck Gervais, the Group CEO and is to join the Pierre & Vacances-Center Parcs Group Executive Committee. Holder of a BSC in hospitality management from the Ecole Hôtelière de Lausanne in Switzerland, Olivier Garaïalde (54 years) started his career in 1991 with the opening team of Disneyland Paris. He occupied various Finance and Operations positions before becoming Director of Hotel Operations for seven hotels. In 2005, he joined Compagnie des Alpes as Operations Director, reorganising the Group’s leisure resorts division. He joined the Executive Committee in 2009 as Vice-President of Operations. In 2013, he moved to the United Arab Emirates to become Vice President of Operations for the Farah Experiences LLC group and then CEO in March 2016. As CEO, Olivier Garaïalde will represent Center Parcs within the Group’s General Management. More specifically, he will pilot the acceleration in Center Parcs’ transformation, with a particular focus on international development, evolving the business model, digitalisation and enhancing the offer. He will supervise the continuity and deployment of its CSR strategy. ******* Press contacts Anna Almeida | Tel.: 06 73 10 26 32 | E-mail: [email protected] | Sylvain Bosc is member of the Center Parcs Europe Executive Committee and reports directly to Olivier Garaïalde, CEO of Center Parcs Europe. An HEC graduate, Sylvain Bosc, 49, has spent 25 years in the airline industry. -
Best Rates, Best Offers and Last Room Available on Accorhotels.Com
Accorhotels.com Best communication campaign Hospitality Awards 2012 1.THE BRAND 2.THE CONTEXT 3.THE CHALLENGE 4.THE CONSUMER REALITY 5.THE STRATEGIC IDEA 6.THE OBJECTIVES 7.THE CAMPAIGN 8.PERFORMANCES 1.THE BRAND 2012 is an important year for Accorhotels.com. The online distributor of Accor brands (Sofitel, Pullman, MGallery,Novotel, Suite Novotel, Mercure, Adagio, ibis, ibis Styles, Formule 1/ibis budget, hotelF1 and Motel 6) launched it’s first worldwide brand campaign. Accorhotels.com offers a portfolio of 4 400 hotels in 92 countries for a total of 530 000 rooms around the world. The website is available in 13 languages and generates more than 8 million visits a month. 2.THE CONTEXT The Hospitality & Travel online market has been marked in the past years by strong and structuring evolutions: ‣The rise of pure players and especially OLTA’s - introducing a wider range of choices for online customers and a new fierce competition for hotel brands & distributors as Accor - attacked on their own field. ‣The increase of online booking as in 2012: 26% of people book their hotel on the Internet with a projection of 40% for 2015. 3.THE CHALLENGE Convince people looking for a hotel that they make the best choice by booking directly on Accorhotels.com without using an intermediary. Accorhotels.com has to be considered as a real online distributor specialist of its hotels offering the best prices and services. It’s not an additionnal way to book a room. It’s THE way. 4.THE CONSUMER REALITY FOMO - Fear of missing out - is the new consumer reality. -
Hotel Investment Outlook 2020 2019 in Review
Hotel Investment Outlook 2020 2019 in review Global hotel transaction volumes in 2019 reached US$66 billion, bolstered by a resilient global economy, strong employment markets and demand from domestic and international travelers. However, the length of the current market cycle, global trade tensions and the ongoing uncertainty surrounding Brexit gave investors cause to feel more cautious last year, which led to a six percent decrease in total hotel market liquidity compared with 2018. Factors that will influence investor behavior in 2020 • Stagnant economic growth: global GDP is expected to remain at 2.5 percent • Political fatigue: unrest in major parts of the world is making investors cautious • Global trade tensions: tariff uncertainty between major trading blocs and countries is unnerving investors • The epidemic risk of the coronavirus will impact travel volumes and, in turn, investor appetite 2 | Hotel Investment Outlook 2020 2020: optimistically cautious International, political and economic dynamics are unlikely to shift Transaction activity will be driven by significantly in 2020 and the global economy and real estate markets can • A record level of dry powder being raised expect slower growth as a result. The deal pipeline in 2020 is strong across and pressure to deploy capital in a low-yield all regions but the amount of capital available is unlikely to match the environment amount of stock and, consequently, pricing will remain tight this year. • New hotel buyers emerging in search of Global hotel liquidity is expected to decrease by approximately 10-15 attractive yield percent as investors adopt an optimistically cautious approach. Portfolio • Capital outflow from geopolitically challenged volumes will struggle to grow through 2020 but the single asset market will countries remain buoyant. -
Global Hospitality Monitor
Global Hospitality Monitor July 26, 2021 LTM Share Price Performance Weekly Movers North American Hotel REITs Top 5 Performers One Week % Change NH Hotel Group SA 5.8% 200 Avingstone North America Hotel REIT Index Hilton Worldwide Holdings Inc. 4.6% S&P REIT Index 180 Whitbread Plc 3.7% Marriott International Inc. 3.1% 160 Playa Hotels & Resorts NV 2.7% 140 Top 5 Laggards One Week % Change 120 Central Plaza Hotel Public Co Ltd (9.9%) 100 Banyan Tree Holdings Ltd (9.0%) Ashford Hospitality Trust Inc. (6.7%) 80 Hong Kong & Shanghai Hotels/The (5.6%) Jul-20 Sep-20 Nov-20 Jan-21 Mar-21 May-21 Jul-21 Huazhu Hotels Group (5.2%) North American Hotel Stocks Ind ustry Intelligence & Commentary 200 Avingstone North America Hotel Index 23 Jul: Star Entertainment, the Australia-listed hotel and casino group, S&P 500 Index 180 announced that it withdrew a A$9 billion (US$6.6 billion) buyout proposal for Crown Resorts, the Australia-listed hotel and casino group, over concerns that 160 Crown could lose its license to run its Melbourne casino property. Star said it might consider a tie-up with Crown but was concerned about the impact on its 140 value “including whether it retains the license to operate its Melbourne casino 120 or the conditions under which its license is retained”. 100 22 Jul: Pebblebrook Hotel Trust, the US-listed hospitality real estate investment trust, announced the acquisition of the 200-key Jekyll Island Club 80 Resort in Georgia for US$94 million (approx. -
"SOLIZE India Technologies Private Limited" 56553102 .FABRIC 34354648 @Fentures B.V
Erkende referenten / Recognised sponsors Arbeid Regulier en Kennismigranten / Regular labour and Highly skilled migrants Naam bedrijf/organisatie Inschrijfnummer KvK Name company/organisation Registration number Chamber of Commerce "@1" special projects payroll B.V. 70880565 "SOLIZE India Technologies Private Limited" 56553102 .FABRIC 34354648 @Fentures B.V. 82701695 01-10 Architecten B.V. 24257403 100 Grams B.V. 69299544 10X Genomics B.V. 68933223 12Connect B.V. 20122308 180 Amsterdam BV 34117849 1908 Acquisition B.V. 60844868 2 Getthere Holding B.V. 30225996 20Face B.V. 69220085 21 Markets B.V. 59575417 247TailorSteel B.V. 9163645 24sessions.com B.V. 64312100 2525 Ventures B.V. 63661438 2-B Energy Holding 8156456 2M Engineering Limited 17172882 30MHz B.V. 61677817 360KAS B.V. 66831148 365Werk Contracting B.V. 67524524 3D Hubs B.V. 57883424 3DUniversum B.V. 60891831 3esi Netherlands B.V. 71974210 3M Nederland B.V. 28020725 3P Project Services B.V. 20132450 4DotNet B.V. 4079637 4People Zuid B.V. 50131907 4PS Development B.V. 55280404 4WEB EU B.V. 59251778 50five B.V. 66605938 5CA B.V. 30277579 5Hands Metaal B.V. 56889143 72andSunny NL B.V. 34257945 83Design Inc. Europe Representative Office 66864844 A. Hak Drillcon B.V. 30276754 A.A.B. International B.V. 30148836 A.C.E. Ingenieurs en Adviesbureau, Werktuigbouw en Electrotechniek B.V. 17071306 A.M. Best (EU) Rating Services B.V. 71592717 A.M.P.C. Associated Medical Project Consultants B.V. 11023272 A.N.T. International B.V. 6089432 A.S. Watson (Health & Beauty Continental Europe) B.V. 31035585 A.T. Kearney B.V. -
Hotels WEIS Conference June 24-‐26, 2012 in Berlin
Hotels WEIS Conference June 24-26, 2012 in Berlin Special rate code: WEIS 2012 # Hotel Address Rates 1 Winters Hotel Charlottenstr. 66 single 75€ Gendarmenmarkt Tel.: +49 30 206050-0 double 95€ **** Fax: +49 30 206050-500 (incl. breakfast) [email protected] www.winters-hotel-berlin- - special conference rates [0,3 km] gendarmenmarkt.de/ valid until 05/12/2012 2 Winters Hotel Berlin Hedemannstraße 11/12 single 75€ Mitte Tel: +49 30 319 86 18-0 double 95€ am Checkpoint Fax: +49 30 319 86 18-8 (incl. breakfast) Charlie [email protected] **** www.winters-hotel-berlin- - special conference rates mitte.de/ valid until 05/12/2012 [1,1 km] 3 Motel One LeiPziger Str. 50 single 76,50€ Spittelmarkt Tel.: +49 30 201 43 63-0 double 99€ ** Fax: +49 30 201 43 63-10 (incl. breakfast, Wi-Fi) berlin-spittelmarkt@motel- one.com - special conference rates valid until 06/09/2012 [0,5 km] www.motel-one.de 4 Titanic Comfort Elisabeth-Mara-Str. 4 single 73€ Berlin Mitte Tel.: +49 76 77 187-0 double 88€ *** Fax: +49 30 76 77 187 -20 (incl. breakfast, Wi-Fi) info@@titanic-hotels.de www.titanic-hotels.com - special conference rates valid until 05/15/2012 [0,9 km] 5 NH Hotel Berlin Mitte LeiPziger Str. 106-111 single 110€ **** Tel. +49 1805 00 37 83 double 131€ Fax +49 1805 00 37 84 (incl. breakfast) [email protected] www.nh-hotels.com - special conference rates [0,4 km] valid until 05/11/2012 Other Hotels near the conference venue 6 Hilton Hotel Berlin Mohrenstr. -
PR Accorhotels Com Team Europcar VENG[1]
Press release 14 January 2011 Accorhotels.com becomes partner to Team Europcar Accorhotels.com is giving its support to the professional cycling team Team Europcar headed by the 2010 French champion Thomas Voeckler, backed up by 21 team members. Accorhotels.com is the most frequently visited hotel website in France (Source: Médiamétrie//NetRatings November 2010) The Accor hotels will be visible on Team Europcar jerseys and vehicles in the shape of the Accorhotels.com logo. Accorhotels.com will support Team Europcar's members by providing accommodation over the entire season (over 300 days a year) in Accor hotels throughout the world. Starting in the spring, web users will be able to connect to the Accorhotels.com website to go behind the scenes with Team Europcar and discover the life and organization of a professional cycling team through the videos, photos and news posted on the website, along with rest and recuperation advice. Joint public relations and promotional campaigns will be conducted with Europcar. This collaboration reflects the renewal of the strategic partnership agreement between Accor and Europcar. The Accorhotels.com website allows users to reserve overnight stays in the 3000 Sofitel, Pullman, Mercure, MGallery, Novotel, Suite Novotel, all seasons, ibis, adagio, Etap Hotel and hotelF1 establishments belonging to the Accor chain, which offers a wide range of hotels from luxury to budget in 90 countries all over the world. Accorhotels.com is the only hotel portal that fields 26 regional sales outlets managed and coordinated in each of the countries to cover the needs and interests of customers everywhere in the world. -
English Translation for Information Purposes Only
ENGLISH TRANSLATION FOR INFORMATION PURPOSES ONLY CONTRIBUTION AGREEMENT GOVERNED BY THE LEGAL REGIME APPLICABLE TO DEMERGERS BETWEEN ACCOR AND ACCORINVEST DATED MAY 18, 2017 2 284 740.2 BETWEEN: - Accor, a French société anonyme (joint-stock company) with share capital of €854,428,095 that has its registered office at 82, rue Henri Farman, 92130 Issy-les-Moulineaux, France and is registered with the Nanterre Trade and Companies Register under number 602 036 444 (referred to hereafter as "AccorHotels" or the "Contributor"), On the one hand, AND - AccorInvest, a société par actions simplifiée (simplified joint-stock company) with share capital of €65,415 that has its registered office at 2, rue de la Mare Neuve, 91000 Evry, France and is registered with the Evry Trade and Companies Register under number 420 462 046 (referred to hereafter as "AccorInvest" or the "Contributee"), On the other hand. (AccorHotels and AccorInvest may be referred to hereafter individually as a "Party" and together as the "Parties") RECITALS A. The Contributor is a French société anonyme (joint-stock company) registered with the Nanterre Trade and Companies Register under number 602 036 444. Its fiscal year commences on January 1 and ends on December 31 of each year. B. The Contributee is a French société par actions simplifiée (simplified joint-stock company) registered with the Evry Trade and Companies Register under number 420 462 046. Its fiscal year commences on January 1 and ends on December 31 of each year. C. The Contributor holds 4,361 shares of the Contributee, representing the Contributee's total capital and voting rights.